HDFC Bank tie-up with IPPB to offer banking services in rural areas

HDFC Bank has signed an MoU with India Post Payments Bank (IPPB) to offer banking services to over 4.7 crore customers of IPPB in semi-urban and rural areas. Under the MoU, out of 4.7 crores, customers around 90 per cent reside in rural areas. The HDFC bank aims to boost its financial inclusion drive by leveraging IPPB’s network of 650 branches and over 136,000 banking access points.

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This alliance will allow IPPB to provide affordable and diversified offerings to its customers through its doorstep banking service. This alliance will allow us to take our best-in-class products and services to millions of IPPB customers in the remotest corners of India.

Important takeaways for all competitive exams:

• India Post Payments Bank Founded: 2018;
• India Post Payments Bank (IPPB) Headquarters: New Delhi, Delhi;
• India Post Payments Bank (IPPB) MD & CEO: J Venkatramu;
• India Post Payments Bank (IPPB) Tag line: Aapka Bank, Aapke Dwaar.

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