How to Open India Post Payment Bank Saving Account Online

IPPB Digital Saving Account is the best way to on board yourself through the IPPB mobile app. This app can be downloaded from play store on your Android mobile phone and also available on Iphone Apple store. Anyone   above the age of 18 years, having Aadhar and Pan card, can open this account.

IPPB ANDROID APP

IPPB IOS APP

How to Register

Download the IPPB app on your android phone from the app store to activate banking services on the go
New Customer
Open your digital savings account by following on-screen instructions
Existing Customers
Step 1: Enter the details mentioned below:

•  Account number (12 digit)
•  Customer ID (CIF 10 digit) and DOB(as per aadhar records)
•  Registered mobile number

Step 2:  You will receive a one-time-password (OTP) on your registered mobile number
Step 3:  Set MPIN
Step 4:  Enter the OTP

Key Features

Our mobile banking services are hosted on a platform which is modern, secure and convenient. Currently available services on Mobile Banking:

• Account balance enquiry
• Request for a statement of your account
• Request for a chequebook (Current Account)
• Stop payment on a cheque
• Transfer funds within the bank
• Transfer funds to other bank accounts
• Pay water, electricity and utility bills
• Recharge prepaid and DTH (direct-to-home) services
• Manage your funds with the linked POSA (Post Office Savings Account) by using Sweep-in and Sweep-out facility

Key Account Features and Benefits

• Banking at your convenience
• Instant self on-boarding
• Interest rate of 3.0% p.a. on EOD daily balances, paid quarterly
• No monthly average balance required to be maintained
• The account can be opened with zero balance
• Simple and instant fund transfer through IMPS
• Easy bill payments and recharges

Key Points to remember while opening a Digital Savings Account:

• Individuals must be above 18 years of age
• Complete the KYC formalities within 12 months
• KYC formalities can be done by visiting any of the access points or with the help of the GDS/Postman, after which the Digital Savings Account will be upgraded to a Regular Savings Account
• A maximum yearly cumulative deposit of Rs. 2 lakhs is allowed in the account
• The account is subject to closure if the KYC is not completed within 12 months of account opening
• The Digital Savings account can be linked to a POSA (Post Office Savings Account) after completion of KYC within 12 months

What makes us different

• Multilingual customer support
• No commitment of minimum balance
• Nominal charges