Account-holders should be aware that they must first have India Post Payments Bank Savings Bank (IPPB) sb) account to make digital payments.
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But the question is how to open IPPB SB account?
The Department of Posts has launched several Post Office Savings Schemes to ensure the personal financial benefits of the general public.
Post Office Savings Schemes can be opened as a senior citizen by opening an account with the post office or by filling up an application in person.
Digitally using India Post Payments Bank (IPPB) App. At present, there are nine active schemes - a 5-year Post Office Recurring Deposit Account.
(RD), Post Office Monthly Income Scheme Account (MIS), Post Office Savings Account (SB), Post Office Time Deposit Account (TD), and
All these Kisan Vikas Patra (KVP) schemes are safe in their respective areas.
IPPB provides digital savings accounts which they can access from their home. No initial deposit is required and no account holders
Keep an average monthly balance. Individuals must be at least 18 years of age to open an account, specifically following the KYC process.
This account was completed within 12 months of activation. A maximum annual incremental deposit of Rs. 2 lakh is allowed in the account. Once upon a time
Once the KYC rules are completed, the digital savings account can be converted into a regular savings account and a digital savings account can be created.
Linked to POSA (Post Office Savings Account).
To deposit money into PPF account online through the IPPB app, follow these steps:
Step 1: Open IPPB Mobile Banking App
Step 2: Log in to your account using the 4-digit MPIN
Step 3: Click on 'DOP Services' and select the option 'Public Provident Fund'.
Step 4: Now enter PPF account number and DOP customer ID
Step 5: Click on 'Continue'
Step 6: Enter the deposit amount and tap on the 'Payment' option.
Stage 7: Enter the OTP got through SMS on the enlisted portable number and submit
Step 8: You will receive a successful payment message and account details on the phone number on the screen of your device.
SOURCE: NEWS18
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