IPPB 9th Foundation Day: New Digital Launches and Reach
Why in the news
India Post Payments Bank completed nine years and used the occasion to roll out fresh digital products for merchants and savers.
Key facts
- Occasion: 9th Foundation Day, 1 September 2026.
- DakPay Sound Box is aimed at merchants.
- Two further platforms went live, one for insurance and one for mutual funds, both digital.
| Indicator (31 March 2026) | Value |
|---|---|
| Customers | 13.25 crore |
| Rural share | 77% |
| Women share | 49% |
| Customer deposits | ₹29,104 crore |
Launches at a glance
- Merchant tool: DakPay Sound Box.
- Insurance: Digital Insurance Technology Platform.
- Investments: Digital Mutual Fund Platform.
Exam angle
- Foundation Day number: 9th, on 1 September 2026.
- Merchant product launched: DakPay Sound Box.
- Share of rural customers: 77%; women: 49%.
- Deposits: ₹29,104 crore (as of 31 March 2026).