As part of the INR 1877.20 Cr (USD 270 Mil) DoP modernization/IT automation drive, Prime Minister
Narendra Modi on Saturday launched the payments bank of Indian postal department – IPPB
connecting 650 branches with India Post Payments Bank (IPPB) and 3250 access points.
Sify Technologies Limited has enabled this ambitious pan-India project as the Network Integrator and
Network Service Provider. Sify was mandated to build and connect endpoints, spanning both sorting
and administration offices. This resulted in Sify building the largest integrated MPLS (Multiprotocol
Label Switching) network in India for the postal services. The total scale of the project in Phase 1
involved connecting 28,000+ urban & Semi urban post offices.
Resting on Sify’s MPLS network backbone 650 branches and 3250 access points of IPPB co-located
at post offices and around 11,000 gramin dak sevaks and postmen will go now live providing doorstep
banking services. IPPB is starting operations with 17 crore accounts and gradually 1.55 lakh access
points in the country will be enabled to offer banking services.
Speaking on the occasion, Kamal Nath, CEO, Sify Technologies, said, “A proud moment for us and a
coming-of-age project for Sify that firmly established us as India’s most comprehensive ICT Solutions
and Services player. This was not just about bringing banking to millions of under-banked Indians. It
was about giving them the same opportunity as everybody else; a crucial enabler of the Prime
Minister’s vision for Digital India. We are immensely proud that, as a pioneer of Network and Data
connectivity in India, we played a crucial role in this financial inclusion revolution.”