India Post Payments Bank

[Bapun]

India Post offers doorstep banking from April

Come April, it will be virtual transformation for the India Post. The oldest and the largest financial service provider in the country will foray into payments bank in Telangana. Christened as India Post Payments Bank (IPPB), the Department of Posts (DoP) initiative is set to offer a slew of services to its customers including banking at doorstep.
The IPPB account holders — savings and current accounts — can opt for internet and mobile banking, biometric cash deposits and withdrawals at the doorstep. Services including remittances, bill payments, direct benefit transfer, insurance, mutual fund and disbursal of loans of other banks through third party tie-up are on the anvil.

 

[Bapun]

The next time your neighbourhood postman comes to your house, don’t be surprised if he takes out his smartphone, activates the biometric device and carries out your request like making bill payments, handing over cash and accepting the deposits.

Postmen, GDS to get complete makeover

 

[Bapun]

Post office savings account customers can soon avail full digital banking service

“The finance ministry has approved linking of savings bank accounts at post offices with IPPB accounts. This will enable post office account holders to transfer money from their account to any bank accounts,” an official source told PTI.

He said that by May, India Post will give option to POSB account customers to avail this facility. “The service will be optional. If post office account holders opt for it, their account will be linked to their IPPB account,” the source said.

“In the second phase, starting September, account holders in post office will have an option to pay for post office products from their IPPB accounts including deposit money for Sukanya Samridhi Yojana, recurring deposits, speed post, etc,” he said.

The IPPB customers will be able to make payments to various merchants like grocery store, tickets etc with help of their app, the source said.

 

[Bapun]

https://twitter.com/x/status/1000742389214924802

Source

 

[greylala91]

Are they really going to De-link? I dont think so

 

[Bapun]

Are they really going to De-link? I dont think so

As per the form, Yes!

https://www.indiapost.gov.in/Financial/DOP_PDFFiles/AadhaarLinkageDelink.pdf

 

[hike]

https://twitter.com/x/status/1035906399136632833

Source

https://twitter.com/x/status/1035905251939766272

Source

 

[piinku1]

Post Offices can't delivered a letter in time.
They will provide banking at doorstep.

 

[Bapun]

India Post introduces internet banking services for savings account holders

https://twitter.com/x/status/1073568719622701056

https://twitter.com/x/status/1073537022155997184

 

[ramesh skyPLAY]

I opened with the app by aadhar and pan number. It's first not linked with my postal saving account. Then an postal person came and done that. He asked me the thump impression. And given a QR Card. For this digital AC , I transfer money from my savings account, then we can send to any other bank accounts.