Question: How Do I Use My IPPB Card?

Where can I use my IPPB QR card?

A.

You can use your QR card at post office counters, at your doorstep through our GDS/Postmen and at the IPPB merchant stores for cashless payments through the IPPB account..

Is IPPB a Nationalised bank?

India Post Payments Bank (IPPB) is a 100% government owned public sector bank, operating with the Department of Posts under Ministry of Communications, which aims to utilize all of India’s 155,015 post offices as access points and 3 lakh postal postmen and Grameen Dak Sewaks to provide house to house banking services.

Can we transfer money from bank to IPPB account?

IPPB offers an user-friendly platform to carry out the transactions smoothly. 1) Add money from your bank account to your IPPB account. … 9) Funds can be transferred from other bank accounts to IPPB using the app. 10) In the same way, you can deposit money in your RD or Sukanya Samriddhi Account through IPPB mobile app.

POSA account can be linked at the time of opening IPPB account or post opening of IPPB account through Doorstep service or at the IPPB Access Point. At the time of linking POSA account customer needs to produce his/her POSA passbook to GDS/Postman in case of Doorstep service or to counter staff at Access Point.

How can I use India Post Payment Card?

IPPB QR card redefines the way banking is done….Follow these 3 simple steps:Scan the code.Authenticate through OTP verification & OVD validation.Complete the transaction.

What is the benefit of IPPB?

Along with a zero balance account, IPPB will be offering 4 per cent interest to its savings account customers. To attract young smartphone users, the postal department is also mobile banking solution to wherein account holders can transfer money, pay bills, get statements and so on.

Is IPPB app safe?

You can make cash transactions, money transfer, bill payments, or cashless shopping using this card. In case of a lost or stolen QR card, the money will still be safe in one’s account as each transaction is authenticated through biometrics.

What is the use of QR card of IPPB?

QR Card can be used for withdrawal of money, money transfer, bill payment and cashless shopping. IPPB provides doorstep banking service at the cost of Rs 25 per cash transaction. For this, the postman does two-step verification.

How do I use my IPPB account?

Opening a Digital savings account (new customer)Download the IPPB app on your android phone from the google play store to activate banking services on the go.Open your digital savings account by following on-screen instructions.

Does post office provide ATM card?

The Department of Posts offers several savings schemes with different interest rates. Along with its savings accounts, it offers ATM-cum-debit cards with a certain withdrawal limit. Post office savings account can be opened by paying a minimum of ₹ 20, according to the India Post’s official website – indiapost.gov.in.

Does IPPB issue debit card?

Instead, IPPB will issue new QR (Quick-Response) cards which work on biometric authentication and not on passwords or PINs. At present, IPPB offers 3 types of savings accounts—regular, digital and basic—besides a current account. Although each one of them has different features yet none offers an ATM or debit card.

What is interest rate in IPPB?

4% per annumInterest rate on IPPB account: All IPPB accounts attract an interest rate of 4% per annum. Calculated on your daily closing balance, the interest rate is paid quarterly.

Can I open IPPB account online?

All the 3 IPPB savings accounts offer some common features and benefits, including 4% interest rate, no minimum balance, etc. … India Post Payments Bank (IPPB) account can be opened both through a mobile app as well as at the post office.

How do I put money on IPPB?

Here is a step-by-step guide for transferring money in your post office RD account through IPPBAdd money from your bank account to IPPB account.Go to DOP Products, From there choose Recurring Deposit.Write your RD account number and then DOP customer ID.Choose the installment duration and amount.More items…•

What is difference between IPPB and POSB?

IPPB customers can use NEFT, RTGS and other money transfer services as available for any banking customers. Money transfer allowed within post office savings bank (POSB) accounts. Once POSB accounts are linked with IPPB, customers will be able to enjoy all money transfer service like other banks.