India Post Payments Bank (IPPB)
India Post Payments Bank (IPPB) is a public sector payments bank established under the Department of Posts, Government of India. It was launched on September 1, 2018, with the vision to build the most accessible, affordable, and trusted bank for the common man. IPPB leverages the vast network of 1.55 lakh post offices and 3.89 lakh postal employees to deliver banking services at the doorstep of every citizen.
Key Services
- Savings Account: Digital savings account with zero minimum balance, free ATM card, and free digital transactions.
- Current Account: For businesses and traders with features like overdraft facility and free digital transactions.
- Fixed Deposit: Attractive interest rates with flexible tenure options.
- Recurring Deposit: Systematic savings with monthly deposits and competitive returns.
- Domestic Money Transfer: Instant money transfer to any bank account across India.
- Bill Payments: Pay utility bills, insurance premiums, and other recurring payments.
- Third-party Products: Mutual funds, insurance, and government securities.
Digital Banking Channels
IPPB offers a comprehensive suite of digital banking channels including the IPPB Mobile App, Internet Banking, and Aadhaar-enabled Payment System (AePS). Customers can access their accounts 24/7 and perform a wide range of banking transactions from the comfort of their homes.
Doorstep Banking
IPPB provides doorstep banking services through postal delivery staff who carry handheld devices to facilitate account opening, cash deposits, withdrawals, and fund transfers at the customer's location. This service is particularly beneficial for senior citizens, differently-abled individuals, and residents of rural areas.
IPPB Helpline
For any queries or assistance, customers can contact IPPB helpline at 155299 or 033-22029000.