India Post Savings Account
The Department of Post has launched India Post Mobile Banking App for its savings account customers. This mobile banking facility will be available to all savings account customers of CBS (core banking solutions) post offices.
National Savings Institute works under Department of Economic Affairs, Ministry of Finance, Government of India. The Institute is entrusted with the task of mobilization of savings in National Savings Schemes of Government of India, operated through Post Offices and designated Banks throughout the country. The Post Office Savings Account (POSA) POSA holds a significant place in fostering savings as it reaches out to the remotest part of India which has a limited reach of banking services. Some of the key features of a POSA are that it can be opened by cash only with a minimum initial deposit of Rs. Application Form For Opening of Account: 477 KB: Application Form For Closure Of Account On Maturity: 327 KB: Application Form For extension of RD/TD/PPF/SCSS Account: 61 KB: Application Form For Loan/Withdrawl From RD/PPF and SSA Accounts: 405 KB: Pay in Slip SB-103 490 KB: Application Form For Pre-Mature Closure Of Account: 328 KB.
India Post Mobile Banking App
With the launch of this facility, using your post office savings account just became easier. You can download and install this app from the Google Play Store.
This app will help savings accounts customers to do transactions into their PPF accounts and other post office schemes online without physically visiting to post offices.
The department of Post launched the internet banking facility for its customers about a year ago. The Department announced this app launch via a circular on October 14, 2019. Click here to read the full circular.
Below are some details of how you can use the India Post Mobile Banking App.
Eligibility criteria for availing Mobile Banking facility
The eligibility criteria for availing India Post Mobile Banking App are as follows:
- You should have a savings account in CBS post office.
- Single or Joint “B” account type customers allowed to avail this facility.
- You should have a valid login ID and Internet banking credentials. If internet banking is not enabled, mobile should be enabled after enabling the net banking option at the CIF level by the SOL.
- Joint “A”, Minor, Lunatic, Illiterate, branch office accounts are not allowed for availing this facility.
Pre-requisites for availing this facility
You need to fulfill certain pre-requisites to avail this facility. The pre-requisites are as follows:
- You should have a valid Email ID and PAN number.
- You should have a valid unique mobile number
- CIF ID should be updated with the correct first and last name, DOB, gender, father’s name, valid identity and address proof, correct present address, PAN number, mobile number and Mother’s Maiden name.
How to apply for India Post Mobile Banking App?
You need to apply for this facility at any CBS head/sub-post office but not in branch offices. You need to submit a duly-filled mobile/internet banking request form available with the post office.
The KYC of the account holder should be completed.
If you have opened a savings account after migration to CBS with proper KYC documents, then there is no need to complete KYC formalities.
If you have opened a savings account before migration of the post office to CBS, then you need to submit KYC documents along with service request form.
You can submit this request form only in the CBS post office where the savings bank account stands. Your mobile number should be unique and same mobile number should not be used for any other CIF.
Once this request form submitted, you can activate this facility after 24 hours. You can download and install India Post Mobile Banking App through Google play store.
The self-explanatory steps will guide you while performing the activation process. Your CIF ID will be your user ID and the transaction password will be the same which has been already set through internet banking.
For any complaint regarding this facility
You can either dial toll-free number 1800-425-2440 or send an email at dopebanking@indiapost.gov.in. If you complain at any CBS post office, your complaint accepted and forwarded to the above email ID.
Facilities through India Post Mobile Banking App
You can avail the following facilities via this facility:
- Account balance and details – Saving, RD, LARD, PPF, Loan against PPF, TD, and NSC.
- Transaction history – Saving, RD, PPF, Loan against PPF, TD, and NSC.
- Get Mini statement – Saving and PPF accounts.
- You can transfer funds to own savings accounts and other user’s post office savings accounts.
- You can also transfer funds from your savings account to own/linked RD and own/linked LARD accounts.
- Funds transferred from your savings account to own/linked PPF (Subscription and Loan on PPF) accounts.
- Service request for RD account opening.
- You can also request for Time Deposit account opening.
- Service request for stopping cheque payment.
How to disable this facility?
If you want to disable this facility, then you need to approach your home branch post office. It will take 24 hours to disable this facility.
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India Post Savings Account And Maturity Chart
Final Thoughts
With this mobile banking facility, using your post office savings account just became easier. India Post Mobile Banking App will help you to do transactions into your PPF account and other post office schemes online without physically going to the post office. You can also transfer funds you’re your savings account to own/linked PPF accounts online.
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Related
Now PPF account holders can deposit money online through India Post Payment Bank (IPPB) application.
In this coronavirus time or otherwise one can deposit money online in the PPF account.
Public Provident Fund is one of the most popular tax-saving instruments in India. PPF is a 15-year scheme backed by the Central Government of India.
It is a completely safe and secured scheme which is backed by the Government of India.
- Firstly you have to deposit money from your bank account to your IPPB account.
- Go to the DOP service.
- Choose the product in which you want to deposit the money like a recurring deposit, PPF account, loan against recurring deposit or other.
- Enter your PPF account number and DOP customer ID.
- Mention the amount that needs to be deposited and click on pay option tab.
- the IPPB will notify you for successful payment transfer made through the mobile application.
- You can opt for various post office investment options provided by India post and make payment through IPPB basic saving account.
Ing Orange Account Log In
How to register for IPPB mobile App
For New Clients
Open your digital savings account by following on-screen instructions.
After downloading the app, you have to give your mobile number and PAN card number.
Once you click submit it will generate an OTP.
Submit the OTP.
It will aks for AAdhar card number or otherwise you can scan QR code on Aadhard card.
Again you will get OTP. Submit the OTP and follow the on screen instructions and you will be able to open your account.
For existing customers
STEP 1 Enter the details:
- Account number,
- Customer ID (CIF) and DOB
- registered mobile number
2)You will receive a one-time-password (OTP) on your registered mobile number
3) Set MPIN
4) Enter the OTP
You are ready to make any number of transactions you like.
Saving Deposit Rates
Additional resources :https://www.youtube.com/watch?v=HK_vgGQQTzw
Currently available services on Mobile Banking:
- Account balance enquiry
- Request for a statement of your account
- Request for a cheque book (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