India Post Emerges as Global Leader in Doorstep Banking: PM Modi

New Delhi: Prime Minister Narendra Modi on Thursday said that India’s postal network has evolved into the world’s largest doorstep banking system, bringing financial services to every household and empowering citizens across the country.

Sharing his views on X, the Prime Minister noted that postmen, once known only for delivering letters, are now playing a vital role in 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,” the PMO posted.

His remarks were in response to an article by Union Minister Jyotiraditya M. Scindia, who praised the transformation of India Post and the India Post Payments Bank (IPPB). Scindia wrote that under the vision of Sabka Saath, Sabka Vikas, Sabka Vishwas, India’s vast postal network of 1.6 lakh post offices has been reshaped into a modern financial services platform.

“Yesterday’s postman now brings the promise of financial access and dignity to every doorstep in the country,” Scindia said, adding that IPPB has become a pioneer by digitalising rural accounts, expanding partnerships, and diversifying services.

Established in 2017, the IPPB was designed to ensure that no Indian is left outside the formal financial system. Over the years, it has not only provided banking access but also unlocked new opportunities, particularly in rural areas.

According to Scindia, by integrating technology with traditional postal services, IPPB has transformed post offices into financial hubs and created a strong foundation for rural India’s participation in the digital economy. This, he said, has made the institution an “engine of national economic empowerment