India Post services its customers through nearly 17 crore post office savings accounts. The government plans to link over 1.5 lakh post offices with India Post Payments Bank by the end of this year. Linking of the post office savings account with the India Post Payments Bank account will help an account holder to avail more services. India Post Payments Bank has been set up under the Department of Post with 100% equity owned by the government. India Post Payments Bank will provide basic financial services through savings accounts, money transfers, and payments services such as social security payments and utility bill payments.