Categories: Agreements

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.