Question: How Do I Use My IPPB Card?

How do I withdraw money from my IPPB card?

The QR card you receive from India Post Payments Bank (IPPB) cannot be used in ATMs or as a debit card.

However, you will still be able to withdraw cash as well as make transactions..

What are the benefits of IPPB account?

IPPB offers various benefits to the merchants with its Merchant Services:Cost-effective. No charges for downloading, registering and accepting digital payments.Easy payment management. … Simple and secure. … Doorstep banking. … Instant information. … Track your business. … Drive a digital ecosystem.

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…•

Can IPPB issue ATM cards?

IPPB offers three kinds of savings account—regular, digital and basic—apart from a current account. None of them offer an ATM card. The IPPB mobile app has also been launched, which can be used for mobile banking. One can also open an Aadhaar-based account without visiting a branch.

Can I transfer money from IPPB to SBI?

National Electronic Fund Transfer or NEFT Under this facility, IPPB account holders can electronically send money to any individual, firm or corporate that has an account with any other bank branch in the country, participating with NEFT using account number + IFSC .

Can I deposit cash in IPPB account?

Apart from opening a bank account, you can deposit and withdraw cash, transfer funds, recharge or pay bills, among others, at nominal charges.

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 I open IPPB account online?

You can simply visit your nearest post office along with KYC documents and open a zero balance savings account at IPPB or any other account. The online application form to open a savings or current account is available on the official website of India Post Payment Bank.

How do I KYC for IPPB?

Complete the KYC formalities within 12 months. KYC formalities can be done by visiting any of the access points or with the help of the GDS/Postman, after which the Digital Savings Account will be upgraded to a Regular Savings Account. A maximum yearly cumulative deposit of Rs. 2 lakhs is allowed in the account.

What is the use of India Post Payment bank card?

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.

Can post office ATM card be used at bank ATM?

India Post or Department of Post allows three free transactions in a month from its debit card when used at ATMs of other banks in metro cities. Post office ATM card holders are allowed five transactions free of cost in other banks’ ATMs located in cities other than metros.

Where can I use my IPPB QR card?

Where can I use my 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.

What is the benefit of IPPB?

The India Post Payments Bank (IPPB) has recently started its banking operations in the country. One may avail various banking services such as opening of savings and current accounts, transfer of money, direct benefit transfers (DBT), bill and utility payments, and so on.

How do I transfer money from my IPPB account to my bank account?

1) Add money from your bank account to your IPPB account. 2) Go to DOP services. 3) From there you can choose product- Recurring Deposit, Public Provident Fund, Sukanya Samridhi Account, Loan against Recurring Deposit. 5) Enter your PPF Account Number and DOP Customer ID.

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.