Products available in IPPB
1. Saving Account
2. Current Account
1.Saving Account
There are three category in Saving Account
i) Digital Savings Account ::
account can be opened instantly from home, which means banking anytime,
anywhere.But KYC formalities can be done by visiting any of the access
points or with the help of the GDS/Postman within 12 months from the
date of opening. Account can be opened with ZERO balance.
ii) Regular Savings Account ::
Account can be opened at the bank’s access points and your
doorstep. Account can be opened with ZERO balance. Interest rate of
2.75% p.a. paid quarterly. No commitment of minimum balance and no monthly average balance required to be maintained.
iii) Basic Savings Account ::
All features of Regular account apply to Basic account except in limit
of withdrawals. Basic Saving Account allows only four withdrawal in a
month.
2. Current Account
It
offer the facility to small merchants/ kirana stores and individual
businessmen. The current account can be opened at the Post Office
Counters or at your doorstep through our Postman/GDS with ZERO
balance. Nominal monthly average balance required to be maintained. Unlimited cash deposits and withdrawals. There is scheduled charges for transactions.
Services available in IPPB(India Post Payments Bank)
Mobile Banking
By linking your registered mobile number with IPPB account Mobile banking can be enabled.
3 mandatory input required
- Account number
- Customer ID (CIF) and DOB
- Registered mobile number
- Mobile banking User ID will be MPIN.
- SMS Banking (Not enabled)
- Missed Call Banking (Not enabled)
- Phone Banking/IVR Banking (Not enabled)
Digital Life Certificate for Pensioner
Digital
Life Certificate (Jeevan Pramaan) is a biometric enabled digital
service for pensioners. Pensioners of central or state government,
Employees’ Provident Fund Organisation or any other government
organization whose pension disbursing agency is live for DLC can take
benefit of this facility. A nominal fee of Rs. 70 (inclusive of GST/ CESS) will be charged.
Domestic Money Transfer
India
Post Payments Bank (IPPB) has already made Money Transfer products like
IMPS, assisted UPI, NEFT, RTGS available for IPPB customers and
interoperable AePS for non-customers.
Doorstep Banking
IPPB
gives you the opportunity to enjoy banking facilities at your home with
Doorstep banking services. IPPB wide network of post offices and postal
employees will make banking accessible to the remotest corners of the
nation. Can open a bank account, transfer funds, deposit and withdraw
cash, recharge or pay bills and accomplish much more with our Doorstep
banking services, at nominal charges.
Bills Payments and Recharge
India Post Payments Bank (IPPB), give access to multiple channels for easy, safe and quick payment of bills
- At Post Office counters
- Doorstep banking services
- Mobile Banking App
can pay bills to all major billers and utility service providers in the following categories
- Mobile and DTH recharge
- Mobile postpaid, landline and broadband bill payments
- Electricity, water and gas bill payments
- Insurance premiums payment
Remittances & Fund Transfers
India
Post Payments Bank (IPPB) customers can choose from a variety of
payment options to transfer money to their family and relatives
- Immediate Payment Service or IMPS
- National Electronic Fund Transfer or NEFT
- Real Time Gross Settlement or RTGS
- Aadhaar Enabled Payment System or AePS
Direct Benefit Transfers
The
Direct Benefit Transfer (DBT) Scheme was launched in 2013 by the
Government of India with an aim to reduce leakages by cutting out
middlemen and transferring benefits/subsidies directly to the
beneficiary’s bank account
DoP Product Payment
- Sukanya Samriddhi Account
- Public Provident Fund
- Recurring Deposit Account
- Loan Against Recurring Deposit
IPPB RuPay Virtual Debit Card
Debit
cards are one of the most popular instruments these days for cashless
transaction & already a prominent mode for payment adopted in India.
With growing business of Ecommerce/ Online services in India, usage of
debit card on ECOM/ Online merchant transactions are increasing
significantly, day by day.
India
Post Payments Bank (IPPB) presents RuPay Virtual Debit Card to promote
Government of India’s digital payments mission and encouraging customers
/ merchants to shift towards digital payments mode.
- IPPB help line number
2 . The following is not a product of IPPB
- Regular Saving Account
- Digital Saving Account
- Basic Saving Account
- Pension Account
3. QR card will not be supplied
- a)Regular Saving Account
- b)Current account
- c)Both account
- d)None of the above
4. Frequency on Interest Payout on Regular Saving account is
- Monthly
- Quarterly
- Half-Yearly
- Yearly
5. A digital Saving Account is subject to closure if the KYC is not submitted
- a)Within a month from the date of account opening
- b)Within 12 month from the date of account opening
- c)Within 6 month from the date of account opening
- d)Instantly
6. Monthly average balance required to be maintained in
- a)Regular Saving Account
- b)Digital Saving Account
- c)Basic Saving Account
- d)Current Account
7. The feature of automatic swipe out will happen when the amount
- a)Reaches One lakh
- b)Above One Lakh
- c)In both case
- d)None of these
8 .The following service is not offering by IPPB
- a)Mobile Banking
- b)SMS Banking
- c)Missed-Cal Banking
- d)None of the above
9. Which of the following cannot be possible through DOOR-STEP Banking
- a)Regular Saving Account Opening
- b)Account Closure
- c)Deposit
- d)Bill paymen
- 10. Payment to which DOP product can be possible through IPPB Mobile App
- a)PPF
- b)SCSS
- c)MIS
- d)NSC/KVP
Answers
- 155299
- Pension Account
- None of the above
- Quarterly
- Within 12 month from the date of account opening
- Current Account
- Above One Lakh
- None of the above
- Account Closure
- PPF