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BANKING DAY CELEBRATED BY INDIA POST

BANKING DAY CELEBRATED BY INDIA POST

Context:

The Department of Posts, Ministry of Communications, celebrated Banking Day as part of the National Post Week Celebration with Azadika Amrit Mahotsav (AKAM).

National Postal Week:

  • The department celebrates National Post Week in October, which starts on International Post Day on 9 October.
  • In addition, the Ministry of Culture has allocated this week from 11 to 17 October 2021 in the Spaces Department to celebrate the Azadi of Amrit Mahotsav (AKAM). Banking Day is celebrated on 11 October 2021.

Department of Posts:

  • It operates 9 Small Savings Schemes for 1.57 lakh posts spread across the country.
  • Schemes under Prime Minister Jan Suraksha Yojana are also available at the post office.
  • The Department has played a significant role in promoting the Sukanya Samriddhi Yojana Accounts (SSA) under the Beti Bachao Beti Padhao Abhiyaan by uplifting girls.
  • More than 2.2 Cr SSA Accounts have been opened at the post office since the program was launched in January 2015.

India Post Payments Bank (IPPB):

  • In order to continue financial inclusion, India Post Payments Bank (IPPB) was established on September 1, 2018, by the Prime Minister.
  • It achieves the Government's goal of having a banking facility that operates within 5 km of any household.
  • IPPB provides a variety of financial and non-financial services such as Aadhaar-enabled Payment System (AePS) Services through Doorstep Banking, Digital Savings Account, Digital Life Certificate (JeevanPramaan) at the door.

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