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IPPB Wins Digital Payments Award 2024-25 from DFS

25 June 20251 min read
AWARDS & PERSONSIPPB Wins DigitalPayments Award2024-25 from DFS25 June 2025safalsetu.com

Why in the news

India Post Payments Bank was honoured for widening digital payment access and financial inclusion.

Key facts

  • Award by DFS, Ministry of Finance; Rank 1 among payments banks in the FY2024-25 Performance Index; Special Mention for FY2023-24.

About IPPB

ItemDetail
Launched1 September 2018
Ownership100% Government of India
ParentDepartment of Posts, Ministry of Communications
Languages13
Reach11 crore customers, 5.57 lakh villages and towns

Exam angle

  • Award giver: DFS; mission: inclusive, affordable digital banking.

Test yourself

1. Which department conferred the Digital Payments Award 2024-25 on IPPB?

DFS under the Ministry of Finance gave the award.

2. IPPB offers services in how many Indian languages, per the notes?

Services are offered in 13 Indian languages.

3. When was India Post Payments Bank launched?

It was launched on 1 September 2018.

This topic is part of Daily Current Affairs 25 June 2025 (18 topics).

All topics of the dayDay quizJune 2025

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