New Delhi: Prime Minister Narendra Modi on Thursday underscored that India’s postal system has evolved into the world’s largest doorstep banking network, with postmen now playing a central role in advancing financial inclusion.
“With unprecedented efforts from the government, our humble postman has become the harbinger of financial inclusion. With India Post Office and IPPB Online, India’s postal system is now the world’s largest doorstep banking network, ensuring dignity and empowerment,” wrote PMO India on X.
PM’s Response to Union Minister’s Article
The Prime Minister’s remarks came in response to an article by Union Minister Jyotiraditya M. Scindia, which he praised for presenting a “broader vision” on the country’s postal system.
Scindia stated, “Under Prime Minister Narendra Modi’s clarion call of Sabka Saath, Sabka Vikas, Sabka Vishwas, India Post Office and India Post Payment Bank (IPPB) Online have redefined one of the world’s oldest postal networks into the globe’s largest doorstep banking system. In consonance with this vision, the India Post Payments Bank is bringing access, assurance, and aspiration directly to the doorsteps of 140 crore Indians.”
Modernising One of the World’s Oldest Postal Networks
According to Scindia, the Department of Posts, with its vast network of 1,60,000 post offices, is undergoing a major transformation. “Yesterday’s postman now brings the promise of financial access and dignity to every doorstep in the country,” he said.
The India Post Payments Bank (IPPB) has emerged as a leader by digitising all rural accounts, integrating technology, expanding partnerships, and diversifying services. This has turned post offices into comprehensive financial hubs, demonstrating that even long-established institutions can adapt to a fast-changing world.
Driving Financial Inclusion and Economic Empowerment
Established eight years ago, the IPPB was created to ensure that no Indian—regardless of location, gender, or circumstances—is left out of the formal economy. Beyond simply opening bank accounts, the initiative has aimed at unlocking opportunities and enabling empowerment.
By connecting rural India with the digital economy, the IPPB has become a driver of national economic empowerment, Scindia added.