IPPB and HZL Collaborate for Financial Inclusion Services

In a revolutionary partnership poised to revolutionize the financial dynamics of rural Rajasthan, India Post Payments Bank (IPPB) and Hindustan Zinc Limited have come together to spearhead inclusive financial solutions. This alliance aims to bring about a meaningful transformation in the lives of community beneficiaries residing in and around Hindustan Zinc's operational zones. The memorandum of understanding (MoU) between IPPB and HZL was formalized by Gursharan Rai Bansal, Chief Sales & Marketing Officer of IPPB, and Arun Misra, CEO of Hindustan Zinc.

“Joining hands with Hindustan Zinc to provide financial inclusion services to its beneficiaries will help IPPB foray into the domain of serving the population benefitted by the corporate social responsibility (CSR) activities by prominent corporates in India. This alliance with HZL marks a very important milestone for us to expand our ambit of doorstep banking service delivery to the unserved and underserved people in this country", said Bansal.

On the occasion, HZL's CEO Arun Misra shared, “This transformative alliance with India Post Payments Bank reflects our dedication to empowering communities. By merging our strengths with IPPB, we aim to redefine financial inclusion and empower our community beneficiaries with access to advanced financial services. This collaboration exemplifies our commitment to making a meaningful impact on lives, fostering economic resilience, and driving positive change in the communities we serve".

IPPB's core services are geared towards fostering financial inclusion by facilitating the opening of bank accounts, offering access to pension products, and providing options for long-term savings and investment schemes. Moreover, these services play a crucial role in supporting and empowering over 3.5 lakh beneficiaries, including self-help group women, farmers, and youth, enabling them to serve as Individual Business Correspondents for a variety of IPPB services. Additionally, IPPB actively promotes government social welfare schemes through its banking channels and assists beneficiaries in accessing income-generating loans through collaborations with IPPB's

Through this partnership, IPPB, a publicly traded company under the Department of Posts, reiterates its dedication to extending top-notch digital banking services to the farthest corners. This collaboration also emphasizes Hindustan Zinc's steadfast commitment to social responsibility, actively contributing to the sustainable development of the regions it operates in and reinforcing its position as a leader in driving positive change. The signing ceremony of the MoU took place in the presence of distinguished representatives from both India Post Payments Bank and Hindustan Zinc, including Vishwanath Divya (AGM Marketing) and Anupam Nidhi, Head CSR (HZL).