India Post Payments Bank: Public sector India Post Payments Bank will provide digital life certificate services to EPFO ​​pensioners at their doorsteps. A Memorandum of Understanding (MoU) has been signed between the two organizations. Under this collaboration, India Post Payments Bank (IPPB) will leverage its extensive network of over 1.65 lakh post offices and 300,000 postal service providers (postmen and Gramin Dak Sevaks) equipped with banking devices.

These devices are used to digitally process facial recognition technology and fingerprint biometric verification to assist EPFO ​​pensioners in submitting their digital life certificates.

About the Agreement

India Post Payments Bank has signed a Memorandum of Understanding (MoU) with the Employees’ Provident Fund Organization (EPFO) to provide digital life certificate services at the doorsteps of its pensioners under the Employees’ Pension Scheme, 1995. Digital Life Certificate (DLC) allows pensioners to perform online verification instead of visiting the office every year. This eliminates the need for them to visit bank branches or EPFO ​​offices to submit traditional paper-based certificates.

According to a statement, the EPFO ​​will bear the entire cost of issuing digital life certificates, making the service free for its pensioners. India Post Payments Bank launched the Digital Life Certificate Doorstep service in 2020 to generate life certificates for pensioners using Aadhaar-enabled biometric authentication to reduce the time taken to issue life certificates.

Visweswaran said, “This partnership with EPFO ​​reaffirms IPPB’s mission of bringing essential financial and civic services to every household in India. With access to our technology-enabled postal network and reliable last mile connectivity, EPFO ​​pensioners will now be able to submit their life certificates with ease.”

According to the statement, to avail this service, EPFO ​​pensioners will have to contact their postman or Gramin Dak Sevak or visit their nearest post office, provide Aadhaar number and pension details for Aadhaar linked face authentication or fingerprint biometric verification.

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Who will benefit the most?

This service will be especially useful for those who have been facing technical problems related to thumb recognition or OTP system till now. This technology will make banking very easy for the elderly, disabled people, and citizens living in remote rural areas.

What is special about the technology?

The face authentication system has been developed on the standards of the Unique Identification Authority of India (UIDAI). This initiative strengthens the Digital India campaign as well as creates a system that is completely contactless and secure.

In how many post offices will this facility be available?

According to IPPB, this service will soon be made available to customers through 1.6 lakh post offices and more than 3 lakh postal workers across the country. This step is a major change towards deepening financial inclusion under the ‘Aapka Bank, Aapke Dwar’ mission.

Why is this necessary in a situation like a pandemic?

In case of a pandemic or any health emergency when it becomes necessary to avoid physical contact, this face authentication technology will prove to be very useful. This will not only make transactions faster and easier, but will also make banking services more accessible and secure for everyone.

The post IPPB Introduces Aadhaar Face Authentication Across India: Here’s How It Works first appeared on Rightsofemployees.com.

This facility has been developed under the system of Unique Identification Authority of India (UIDAI). In this, customers will be able to do Aadhaar authentication through their face recognition, which will also reduce the possibility of fraud.

Big relief to the elderly and the disabled

This facility is a boon for the elderly, the disabled and those whose fingerprints have been erased. They will not have to go through the hassle of repeatedly entering their fingerprints or getting OTP . Just show your face in front of the camera and the work will be done.

Also beneficial in health emergency

If someone is ill, or there is a situation where physical contact is not possible, this face authentication technology will prove to be very useful. This facility is opening a new way of safe banking.

IPPB’s focus: Banking with dignity

IPPB MD and CEO R Visvesvaran said, “We want banking to be not just accessible but also dignified. This technology is a way to bring together people who have been left behind due to OTP or biometrics.”

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IPPB Money Remittance Service: India Post Payments Bank (IPPB) has started remittance from abroad to India in partnership with Euronet’s Ria Money Transfer. A senior IPPB officer gave this information on Wednesday. IPPB Managing Director and Chief Executive Officer (CEO) R Vishwaswaran said that the person receiving money from abroad will not have to pay any fee when the amount comes into the account and only the sender will have to pay the charge for sending the money to Ria Money.

What did the Managing Director of IPPB say

R Viswesharan said that our aim is to remove the barriers of the unbanked and underbanked people. We are now launching international remittance service in partnership with Ria Money Transfer at 25,000 locations. This will be gradually expanded to cover our entire network of more than 1.65 lakh locations.

Also Read: Airport New Facility: Self-baggage drop facility launched at Delhi airport, to reduce check-in time

Facility to withdraw full or partial amount will be available

A top official of Ippb, a payment bank operated under the postal department, said that through this service, the recipients of money will have the option of withdrawing the entire amount or partial amount as per their choice.

You can also send money to IPPB account

Vishwaswaran said that those receiving money from abroad will also have the option of sending the money to their IPPB account. This is a paperless process. They can withdraw the money using biometrics. This service will be delivered to their doorstep through a postman and no charges will be levied on the recipients.

Ria Money Transfer has presence in 200 countries

Ria Money Transfer Chief Operating Officer (COO) Ignacio Reid said the company has a presence in nearly 200 countries and has a 22 per cent market share in the money remittance segment. “We have been operating in India for the last 10 years. With this partnership with IPPB, we expect to increase the number of our locations in India by about 30 per cent,” Reid said.

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It is said that a sensible person is the one who goes by planning both good and bad times. When an accident happens in life, nothing can be said. In such a situation, it is very important to take accidental insurance cover in today’s time. With this, you can prepare your family and yourself for the dangers that come.

People nowadays have started taking accidental life insurance cover in large numbers. India Post Payment Bank of Post Office has brought Group Accidental Insurance Cover for its customers. Through this group accidental insurance cover, you get an insurance cover of up to Rs 10 lakh.

What is India Post Group Accident Insurance?

Significantly, India Post Payments Bank has tied up with Tata AIG. Through this, he is giving the facility of group insurance cover to the people. Through this insurance cover, you and your family can get an insurance cover of up to Rs 10 lakh. In this, the policyholder or his family gets a cover of up to Rs 10 lakh on death due to accident and partial or complete disability due to accident. People in the age group of 18 to 65 years can take advantage of this insurance policy. The thing to keep in mind is that the benefit of this insurance cover is available only to the customers of India Post Payment Bank.

Know what is Group Accident Insurance?

Let us tell you that the insurance company keeps on offering insurance cover according to the needs of different people. There are many types of accidental insurance. India Post Payment Bank offers Group Accidental Insurance facility to its customers. In this insurance cover, the policyholder and his entire family get accident insurance cover. Through IPPB, you can get group accident insurance cover up to Rs 10 lakh by paying a fee of Rs 299.

Under what circumstances there is no insurance cover-

• Insurance cover is not available in case the person commits suicide.
• Martyrdom in Military Service or Operation.
• Death during a war.
• death due to insurance
• Death due to a bacterial infection.
• death due to AIDS
• The benefit of insurance is not available on the death of a person due to a deadly sport.

The post Super Post Office New Plan ! By spending only Rs 299, you will get the benefit of Rs 10 lakh, know details first appeared on Rightsofemployees.com.

Digital Life Certificate is a digital service with biometric support which is being provided to the pensioner. Submission of Life Certificate means that the pensioner is alive. Let us know how many ways you can submit a life certificate.

1. You can submit life certificate through India Post Payments Bank (IPPB)

The post Jeevan Praman Patra: Pensioners can submit life certificate online in these 6 ways first appeared on Rightsofemployees.com.