AIAPS Will Oppose The India Post Payment Bank While Tomorrow Meeting At Directorate

Date : 28.06.2016

AIAPS Will Oppose The India Post Payment Bank While Tomorrow Meeting At Directorate

All India Association of Postal Supervisors - trade union shall oppose India Post Payment Bank firmly because of the following reasons.

1. IPPB is not a government entity and by using government assets as lean operating model, it shall be performed as a corporation.
2. It is like functioning SBI in our post offices by sucking our resources
3. If two Savings sectors are running under one roof then it shall swallow our POSB accounts volume, and one fine day our POSB schemes shall be merged with IPPB. That means POSB wing may be privatized or corporatized.
4. Above point is not derived imaginary. As per the task force committee recommendations they are implementing this
5. While attend the meeting tomorrow, 29.6.16 regarding IPPB, Comments shall be given as..

At any cost DOP assets, infrastructure, staffs should be utilised for IPPB since it is corporate entity and DOP is government entity.

Already ATM/Mobile banking facilities/Net banking facilities are available in POSB schemes itself. If required IPPB shall be merged into DOP-POSB instead of bringing new entity. Among POSB schemes in addition to that current accounts, payment gateway facility may be provided to citizen of India.