How To Make Digital Payments For Post Office Savings Schemes?

How to open an IPPB SB account?

IPPB provides its clients with digital savings accounts that they can access from the comfort of their homes. This account can be opened without an initial deposit and it is not necessary to hold an average monthly balance. People must be at least 18 years old to create an account, and KYC processes must be completed within 12 months for the account to remain operational.

A maximum annual cumulative deposit of Rs. 2 lakhs is allowed into the account, and a digital savings account can be converted to a regular savings account, and a digital savings account can be linked to a savings account from the POSA post office after fulfilling the KYC criteria. Customers who set up this account will receive a free monthly electronic statement and will be able to make digital bill payments and top-ups. An annual interest rate of 2.50% is paid quarterly on this account. Follow the steps below to open an IPPB SB digital account:

• Go to Play Store and search for the IPPB Mobile Banking app
• Click “Install” and wait for the download to complete.
• Click on “Open” and authorize all access to the mobile banking application.
• Click on “Open your account now” and enter the required information such as cell phone number, PAN number and click “Continue”.
• Enter the OTP received by SMS on your given mobile number.
• Now scan the QR code in Aadhaar or manually enter the Aadhaar number or Aadhaar virtual ID.
• Now tick the “Checkbox” box and click “Send”.
• Now enter the OTP received on your mobile phone number and click on “Personal information”.
• Now enter your personal data and click on “Save”.
• Now click on “PAN and communication address” and enter non-farm income, farm income and remarks if applicable.
• Click “Save” and on the next page enter the candidate details.
• Now click on “Additional Information” and enter the required information such as marital status, occupation, gross annual income, degree, political exposure if applicable and click “Save”.
• Now click on “Account Info” and select the delivery method for the account statement, select the Aadhaar seed option and enter the plan beneficiary ID, if applicable.
• Now check the “Checkbox” box and click “Save”.
• Now click on “Continue” and check the details submitted to confirm.
• Now you will get a one-time password on your given mobile number via SMS, enter it and your digital savings bank account will be opened successfully and you can make online payments to your postal savings plan by following the steps described below.

Steps to pay installments for recurring deposits through the IPPB Mobile Banking app

• Open the IPPB Mobile Banking app and log in with your 4-digit MPIN.
• Now click on the “DOP Services” option and select “Recurring deposit”.
• Now enter the RD account number, DOP client ID, payout amount, number of payouts and click “Continue”.
• Now check and confirm the details on the screen and click “Pay”.
• Now check and confirm the amount to be paid and click “Confirm”.
• Now you will receive a one-time password via SMS to your registered mobile number, enter it and after successful verification of the submitted details, you will receive a successful payment message on your screen and a debit message on your number registered cell phone.

Steps to make money deposit to Sukanya Samriddhi (SSA) account online using IPPB app

• Open the IPPB Mobile Banking app and log into your account using the 4-digit MPIN.
• Click on “DOP Services”, then click on “Sukanya Samriddhi Account”.
• Now enter the SSA account number and DOP client ID.
• Now enter the deposit amount and click on “Pay”.
• Now confirm the amount to be paid by checking it on the screen and click on the “Confirm” button.
• Now enter the OTP received on your registered mobile number and click on “Send”.
• You will now receive a successful message on your screen and on your registered cell phone number.

Steps to make money deposit to PPF account online through IPPB app

• Open the IPPB Mobile Banking app and log into your account using the 4-digit MPIN.
• Click on ‘DOP Services’ then on the option ‘Public Provident Fund’.
• Now enter the PPF account number, DoP client ID and click on the “Continue” button.
• Now enter the deposit amount and click on the “Pay” option.
• Now enter the OTP received by SMS on your registered mobile phone number and submit it.
• You will now receive a successful payment message on your device screen and account debt details on your registered cell phone number.

Interest rates for postal savings plans

India Post Payments Bank Savings Account Interest Rate