In the last financial year, IPPBs have done a total business of Tk 450 crore in the country. The target for the current financial year is 1000 crores.
There were banking services like savings and current accounts. At the same time, India Post Payments Bank (IPPB) has launched various other financial and Aadhaar related services. All in all, the IPPB’s West Bengal Circle (with West Bengal, Sikkim, and Andaman-Nicobar) topped the country for the first time in the last fiscal (2021-22) in terms of revenue in the charge and commission sector. Although the full account of March is not final, according to the preliminary statistics of the Postal Department, the circle has earned about 50 crore rupees till the third week of March. Which is about 185% more than the target.

The IPPB service was launched three years ago. Earnings through Aadhaar based withdrawals, deposits (APS), mobile and e-mail pairing (links) with Aadhaar, door-to-door banking services, digital life certificate submissions for seniors, insurance sales. Sources claimed that West Bengal Circle was given an income target of Tk 26.7 crore in the last financial year. In fact, up to the third week of March, it was 49.46 crore.

In the last financial year, IPPBs have done a total business of Tk 450 crore in the country. The target for the current financial year is 1000 crores. If they can touch it, they will be able to reach the place of no-profit-no-loss in business.

Then Post Office Payments Banks will also be eligible to get clearance to work as a small finance bank.