look news india
Post Office Customers of the bank will no longer have to worry about transactions of large amounts. Large amounts can be paid anytime by linking accounts operated in India Post Payment Bank (IPPB) and post office. Only those customers will get the benefit of this facility, whose account is operated in IPPB along with the post office.
Account is being opened in three minutes
Most of the villagers already have accounts in the post office. Currently, since the post office has not made the accounts online, the customer has to come to the post office for transactions of large amounts. In such a situation, if money is needed urgently, they have to face problems.
IPPB accounts are being opened for the benefit of government schemes
IPPB accounts are also being opened by the Postal Department. Most people are getting attracted towards these accounts to take advantage of any government scheme. The facility of opening an account in three minutes through Aadhar card verification is attracting people.
Gaurav Yadav, the branch manager of the bank operating in the main post office premises, says that people who have accounts in IPPB can download the bank's application and link their post office account to it. The limit of the account operated in the post office is only 25 thousand rupees, but with the online facility of IPPB, a transaction of two lakh rupees can be done at a time.
Any post office customer can transfer money from his account to IPPB account online and later send payment to any person from his IPPB online account to his account. This will eliminate the need to visit the post office.
This is also a feature
With the help of Ippb app, account holders can transfer money to any bank account, make online payments, deposit money under Sukanya Samriddhi Yojana as well as view the statement of both their accounts (Post Office and Ippb).