IPPB Bank Account Opening Online Details and Steps to Open It

IPPB Bank account opening online

India Post Payments Bank has been newly incorporated.

The bank account can be opened both online and offline.

Recently, the facility has been extended to mobile as well through IPPB mobile app. It will hardly take a few minutes for you to open the account. In this article, you will get the information related to account opening of IPPB.

Indian Post Payment Bank account opening The steps you need to follow to open a savings account at post office are given below: ● Visit your nearest or preferred post office. ● You can either fill up savings account opening form once getting it from the nearest branch or you can download it online. ● Fill up the form property and sign it. ● Submit the application form along with required KYC documents and 2 recent photographs ● You also have to pay minimum account amount of ₹20 to open your account. ● You can deposit a maximum amount of ₹1,00,000(single account) and ₹2,00,000 (joint account) initially.

IPPB Savings Account Types At IPPB Bank, you will get the following type of bank accounts: ● Regular Account – Safal Account ● Basic Savings Bank Deposit Account (BSBDA) – Sugam Account ● BSBDA Small – Saral Account ● Digital Savings Account

IPPB Mobile App Features As mentioned in the first paragraph, IPPB has initiated mobile app facility for bank account opening. ● ● ● ● ● ● ● ● ●

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

How can you start IPPB mobile app?

New customers can open their digital savings account by visiting the website of IPPB. For existing customers, steps are given below: Step 1: Enter the details mentioned below: ● Account number ● Customer ID (CIF) and DOB ● 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

The information provided on IPPB would help you understand its importance and whether or not you need it. You should also know that this is an initiative taken for rural or low-income groups. Since there is no minimum balance required to maintain in this account, many people from Below Poverty Line (BPL) will be able to maintain it.

Also, those who have access to smartphones can get it on their mobile. The facility of IPPB mobile app has made it even more convenient and reachable to the mass. So, if you are know someone who can benefit from this account, tell them to either visit nearest IPPB branch or help them open this account online. You can also guide them in IPPB bank account opening online and via mobile app.