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Indian Post Payments Bank
Postal bank of India is the most accessible bank and easier bank to approach. It offers Savings accounts, Mobile Banking, insurance, domestic Money Transfer, etc.
About Indian postal bank
WHY STAND IN QUEUE?
As on the website, the Indian postal bank of India answers perfectly for the question. It suggests paying smartly! By directly downloading the Mobile App – IPPB for services like banking and postal Department. It offers doorstep banking.
Advantages of Postal bank of India
1) Self onboarding
2) Paperless banking
3) Zero initial Deposit
Postal bank of India is the most Accessible Bank with the following accessibilities:
The postal bank of India provides the banking at our Fingertips
It gives doorstep banking. The following are the products
with different types of accounts.
Savings Account: There are three types of accounts in the Savings Account of personal banking, They are Regular savings account, digital savings account, basic savings account. Regular savings account in the postal bank of India helps in the availability of funds at the doorstep, bill Payment facility at the doorstep with nominal charges. A digital savings account in the postal bank of India is different from other banks is it has no commitment of minimum balance. Postal bank of India provides the Aadhar based OTP after opening a digital account with IPPB.
The basic savings account has an end balance of above Rs. 2 lakh.
Current Account: Current account is much used for merchants, small merchants, and businessmen. Postal bank of India provides help in digital transactions for business needs, with a QR card.
Services available:
Mobile banking: Indian postal bank provides mobile banking, Sms banking, Missed call banking, phone banking, IPPB and POSA Linkage, Digital Life Certificate, Domestic Money Transfer.
Mobile banking: Mobile banking is the best feature of postal banking in India where one can install the app (IPPB) on the Android phone from the play store, one needs to set an MPIN with an OTP.
SMS banking: Postal bank of India provides a direct number requesting the users to send an SMS to the number 7738062873. The feature of SMS banking of Indian postal banks is it is compatible with all mobile phones along with that it is available 24/7 which needs no internet facility. One can get a mini statement too. Depending on the transaction one gets a voice call and one can choose the number randomly and get their requests addressed. This helps in avoiding visiting the bank for smaller requests.
Missed call banking:
For the missed call banking the postal bank of India provided a number requesting the users to send a missed call for their requests. One can know the balance, as well as the mini statement, which can also be downloaded. The number to call is 8424054994.
Phone banking:
For the phone banking service, one can choose this to avoid the hassle-free things, The service is available on the phone number 155299.
Depending on the transaction one gets a voice call and one can choose the number randomly and get their requests addressed. This helps in avoiding visiting the bank for smaller requests.
IPPB and POSA linkage:
There are many benefits of linking our account to POSA and IPPB. It helps in the automatic transfer of funds with a limit of 2 lakhs. One can withdraw the cash and deposit.
Features:
No limits on the minimum amount which can be withdrawn.
one can get a single sign-in.
These services help one in checking the balances on the mobile phone at any time.
Digital life certificate:
These are helpful for the pensioners. The postal bank of India gives a pramaan ID from the DLC with a nominal fee of 70 rupees. The thing is the applicant must have the aadhaar number, with an existing mobile number and the bank post office details too.
Domestic money transfer:
Many people who are migrants don’t have the access to banks in the new places, so the postal bank of India came up with the idea to remit money to their family members. The main concept lies in remittance. This helps in giving the remitting fund to the loved people, it includes the transferring of funds and complaint management as well as the refund is also easier.
Doorstep banking
The following are the services offered by the postal bank of India:
opening of account
depositing cash and withdrawals
Transfer money
Paying off bills and Recharge
The account-related services
third party services too
Services for finance.
Payments available from the postal bank of India
Bill payments: The postal bank of India is planning to set up Bharat bill pay which will be launched soon
Bill payments and Recharge can also be done since it is planning to launch this feature soon. Direct benefit transfers can also be made simply by Aadhar number.
Postal banks in India
The postal bank in India is the Indian post payment bank which comes under the department of post. many postal banks with the subcategory of the Indian post payments bank, the branches are boudh branch, Adhaar branch, and many more branches, etc.
Conclusion:
The Indian postal bank is a boon for the Indians with many features that in the present era the integration of post services with the banking made banking easier. Many employees look at this with a good rate of interest and save their money.
