India Post Payments Bank Partners With Hindustan Zinc For CSR Financial Services

India Post Payments Bank (IPPB) and Hindustan Zinc Limited (HZL) signed an MoU to enhance financial inclusion in rural Rajasthan. The collaboration aims to bring financial services to 3.5 Lakhs+ beneficiaries including SHG women, farmers, and youth.

Key Objectives of the Collaboration

• Provide easy access to opening bank accounts, pension products, savings, and investment schemes.
• Empower beneficiaries to become Individual Business Correspondents for IPPB services.
• Promote government social welfare schemes and facilitate income-generating loans.

Statements from Key Figures

• Mr. Gursharan Rai Bansal, Chief Sales & Marketing Officer, IPPB, emphasized the significance of serving CSR beneficiaries.
• Mr. Arun Misra, CEO, Hindustan Zinc, highlighted the commitment to empowering communities and redefining financial inclusion.

Services Provided by IPPB

• Financial inclusion services such as bank accounts, pension products, and investment schemes.
• Support for beneficiaries to become Individual Business Correspondents.
• Promotion of government social welfare schemes and assistance in availing income-generating loans.

Commitment to Last-Mile Delivery

• IPPB reaffirms its commitment to reaching the last mile with digital banking services.
• Hindustan Zinc demonstrates its dedication to social responsibility and sustainable development in the regions it operates.

About India Post Payments Bank

• Established under the Department of Posts, Ministry of Communication, with 100% equity owned by the Government of India.
• Launched on September 1, 2018, with a vision to build the most accessible, affordable, and trusted bank for the common man in India.

About Hindustan Zinc

• A Vedanta Group company in Zinc-Lead and Silver business, ranked as the world’s 2nd largest integrated Zinc producer and 5th largest Silver producer.
• Governs about ~80% of the growing Zinc market in India with headquarters in Udaipur and operations spread across Rajasthan.