Economy India Post Payments Bank launch: How the post payments in India have evolved Updated : August 23, 2018 06:27 AM IST Postal payments have been the oldest banking methods, the geographical infrastructure is strong enough to reach every nook and corner of the country, including the rural areas. Right after ATMs came into the picture, the Narendra Modi government announced that the post office will have its own payments bank in Budget 2015. The IPPB remains to be a revolutionary change in the postal payments purview. The Indian Payments Post Payments Bank (IPPB) will be launched on Septemeber 1. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.