Services Charges for IPPB

Services Charges for IPPB

Cabinet approves revised cost of estimate for setting up of IPPB

Boost to Banking Services at Post Offices across India; Cabinet approves revised cost estimate for setting up of IndiaPostOffice Payments Bank from Rs. 800 crores to Rs. 1,435 crore

Cabinet Decision : Dearness Allowance(DA) for Central Government Employees raised by additional 2%

GDS JCA Items of agenda for discussion

GDS JCA letter- agenda for discussion

Department of Posts (Multi Tasking Staff ) Recruitment Rules,2018 :Gazette_Notification.

Postal Life Insurance to Professionals

PLI to Professionals:

Engineers, lawyers, Doctors, CAs, Architects, Management Consultant etc., and Employees of NSE and BSE Listed Companies

Raksha Bandhan Wishes

Nationwide rollout of India Post Payments Bank on 01.09.2018

Nationwide rollout of IPPB - Arrangements and nomination of Nodal officers for monitoring of preparation of Circles

Declaration of restricted holiday on 03.09.2018(Monday) instead of Closed holiday on account of "Janmasthami"

Janmastami holiday declared on 03.09.18 cancelled and treated as Restricted Holidy : Andhra Pradesh Circle

GDS JCA Letter reg-Minutes of the meeting held on 31.07.2018 at 11:30 A.M. at Dak Bhawan.

India Post Payments Bank - your bank at your doorstep

Key account features and benefits:

• Banking at your convenience 
• Instant and paperless A/C
• Interest Rate - 4%
• No monthly average balance is required to be maintained
• Free quarterly account statement
• Mini Statement through SMS
• Simplified Banking Service through QR card 

Doorstep Banking Service -India Post Payments Bank

Doorstep Banking

IPPB gives you the opportunity to enjoy banking facilities at your home with Doorstep banking services. Now you won’t have to leave the comfort of your home for your routine banking transactions. Our wide network of post offices and postal employees will make banking accessible to the remotest corners of the nation. You can open a bank account, transfer funds, deposit and withdraw cash, recharge or pay bills and accomplish much more with our Doorstep banking services, at nominal charges. (No charge for new account opening at your doorstep.)
You can focus on your daily work while your banking needs are handled safely by our trusted GDS/Postman, helping you save time, effort and cost of travelling to the bank.

Benefits of IPPB’s Doorstep Banking

• Banking from the comfort of your home
• Easy and convenient banking 
• Instant account opening
• Simple, secure and hassle-free banking

Services Offered by IPPB’s Doorstep Banking

• Account Opening
  Experience seamless, digital and paperless account opening at your doorstep through state-of-the-art technology
   
• Cash Deposits/Withdrawals
  Enjoy safe and secure cash transactions at your doorstep
   
• Money Transfers
  Hassle-free and 24x7 fund transfers anywhere
   
• Recharge and Bill Payments
  Instant mobile and DTH recharge, water and electricity bill payments
   
• Additional Services
  Benefit of a host of account-related services such as updating PAN/nomination details, requesting account statement, issuing standing instructions, QR card issuance and so on
   
• Third-party Services
  • Insurance
  • Loans
  • Investments

Simple steps to utilise our Doorstep services

• Call our contact centre @ 155299 and book your appointment
• Get SMS confirmation
• Confirm visit details to our representative
• Provide your account number/ mobile number, or show your QR card to our Doorstep representative and enjoy the services

Doorstep Banking Service Charges

Particulars	Cost
Customer On-boarding	NIL
Digital Transaction: Transaction other than cash deposits and withdrawals	Rs. 15 per Transaction
Cash Transaction: Cash Withdrawal, Cash Deposit	Rs. 25 per Transaction

Services Of India Post Payments Bank

1.Mobile Banking

IPPB offers a state-of-the-art, simple, secure and easy-to-use Mobile banking service through a Mobile app to access your IPPB account and carry out transactions from the convenience of your mobile phone.

Opening a Digital savings account (new customer)

1. Download the IPPB app on your android phone from the app store to activate banking services on the go
2. Open your digital savings account by following on-screen instructions

Process to register for IPPB’s mobile banking (existing customers)

Get benefits of our mobile banking facility by linking your registered mobile number with your IPPB account, opened at the Post Office/ through our Postman/ GDS at your doorstep.
Just follow these simple steps:

Step 1: To activate banking services on the go, download the IPPB app on your android phone from the app store
Step 2: Enter the details mentioned below:

• Account number
• Customer ID (CIF) and DOB
• Registered mobile number

Step 3: You will receive a one-time-password (OTP) on your registered mobile number
Step 4: Set MPIN
Step 5: Enter the OTP

Facilities you can get from IPPB’s mobile banking services

Our mobile banking services are hosted on a platform which is modern, secure and convenient.
Currently available services on Mobile Banking:

• Account balance enquiry
• Request for a statement of your account
• Request for a chequebook (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

2.SMS Banking

India Post Payments Bank, provides the facility of SMS banking so that customers can quickly access the account details on their mobile phones, simply by sending an SMS to the IPPB’s SMS Banking number 7738062873.

Unique features of SMS banking:

• Compatible with all mobile handsets
• Internet not required
• Accessible anywhere, 24x7
   

To utilise the services, just follow two simple steps:

• Register your mobile number with us for SMS banking
• Send keyword “REGISTER” to 7738062873 from your mobile number, linked to your savings/ current account
   

Currently Available Services on SMS banking:

Services	SMS to be sent on 7738062873
Balance enquiry	BAL
Mini statement	MINI

3.Missed Call Banking

To add to your convenience of banking with IPPB, you can get your account information without any hassles, through the facility of missed call banking. Register your mobile number for IPPB’s missed call banking service and start availing the benefits. 

Unique features of the Missed call banking

• Compatible with all mobile handsets
• Internet not required
• Accessible anywhere, 24x7
   

To utilise the services, just follow two simple steps:

• Register your mobile number for missed call banking by giving a missed call on 8424054994 from the mobile number linked to your savings/ current account.
• Then give a missed call on the following numbers to avail the services as below.
   

Services available through Missed Call Banking

Services	Dial- IN Numbers
Balance enquiry	Missed call to8424046556
Mini statement	Missed call to8424026886

4.Phone Banking

IPPB’s phone banking provides the convenience to access your bank account from the comfort of your home, while at work or on the move. You can get information on your bank account, IPPB’s products & services and resolve queries. For this you need to call our PHONE BANKING service on our toll-free number 155299.

Depending on the type of transaction, our phone banking services could be a combination of IVR (Interactive Voice Response) and interaction with a teleoperator (agent assisted). Transactions that cannot be completed through IVR will be assisted by a dedicated phone banking officer.

You won't need to visit the bank branch for queries, complaints or selected service requests, as all the necessary information can be provided by IPPB’s phone banking services. At present, phone banking services are available in 13 languages through the IVR mode and eight languages through the agent-assisted channel, which will also be extended to 13 languages in the near future, giving you immediate access to IPPB’s products and services.

Benefits of IPPB’s Phone Banking

• 24x7 access account information 
• Immediate response to your queries
• Save time and money by avoiding visits to the bank
• Schedule Doorstep banking services through phone banking

IPPB's Phone Banking Services

• Information on IPPB’s products/services
• Information on the last five transactions
• Call-back function
• Queries related to interest rates
• Account-related information
• Issuing of account statement
• Book a request for Doorstep banking services
• Balance and transaction-related details
• Cheque and clearing-related queries
• Any other banking-related queries

5.QR Card

IPPB QR card redefines the way banking is done. It provides a unique, secure and convenient way to access your account without the hassle of remembering your account number. You do not need to remember your PIN/Password, as transactions can be initiated by using biometric authentication. You can do cash transactions, money transfer, bill payments, or cashless shopping using this card.

In case of a lost or stolen QR card, the money will still be safe in your account as each transaction is authenticated through biometrics. IPPB QR is easy to use. Follow these 3 simple steps:

1. Scan the code
2. Authenticate through biometric verification
3. Complete the transaction

Revised Syllabus and Pattern for LDCE & Direct Recruitment for the cadres of Postman, Mail Guard and MTS

"Directorate No.45-14/2012-SPB-I dated 17/01/2014"

PM Narendra Modi To Launch India Post Payments Bank On September 1

Prime Minister Narendra Modi on September 1 will launch long-awaited India Post Payments Bank (IPPB) 

Prime Minister Narendra Modi on September 1 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said. “The launch of India Post Payments Bank has been rescheduled for September 1. The Prime Minister will launch,” a senior government official told PTI. The launch of India Post Payments Bank (IPPB) was recently rescheduled in the wake of seven-day national mourning declared after the demise of former Prime Minister Atal Bihari Vajpayee.

Prime Minister Narendra Modi was to launch IPPB on August 21. IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. “Government is trying to link all the 1.55 lakh post office branches with IPPB services by the end of this year,” the official said. This will create the country’s largest banking network with direct presence at village level.

IPPB CEO Suresh Sethi had earlier said that IPPB will go live with 650 branches in addition to 3,250 access points co-located at post offices and around 11,000 postmen both in rural and urban areas will provide doorstep banking services. IPPB has permission to link around 17-crore postal savings bank (PSB) accounts with its account.

With IPPB in place, people in rural area will be able to avail digital banking and financial services, including money transfer, to any bank account either with help of mobile app or by visiting a post office. IPPB was the third entity to receive payments bank permit after Airtel and Paytm.

Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses. The postal payment bank has permit to carry RTGS, NEFT, IMPS transaction that will enable IPPB customers to transfer and receive money from any bank account. With the third party tie-ups, account holders in IPPB will be able to avail financial services as in case of a regular banking customer. The payment bank will be used by government to distribute NREGA wages, subsidies, pension etc.

The IPPB app which is expected to be launched on same day will enable customers to pay for services of around 100 firms including phone recharges and bill, electricity bill, DTH service, college fees etc that are present on Bharat Bill payments system of National Payments Corporation of India.

Source : https://www.financialexpress.com/industry/banking-finance/pm-narendra-modi-to-launch-india-post-payments-bank-on-september-1/1287812/

Current Account - IPPB

Current Account

IPPB offers the facility of a Current Account to the small merchants/ kirana stores and individual businessmen. This account is a prerequisite for carrying out and expanding business. IPPB’s Current Account gets you started on the road to digital transactions for your business needs. Along with this, IPPB also offers a Merchant App for meeting business requirements. The current account can be opened at the Post Office Counters or at your doorstep through our Postman/GDS.

Key Account Features and Benefits

• Banking at your convenience
• Instant account opening
• Nominal monthly average balance required to be maintained
• The account can be opened with zero balance
• Free quarterly account statement
• Mini statement through SMS
• Simplified banking services through QR card
• Instant fund transfer through IMPS
• Easy bill payments and recharges

What makes us Different

• Self on-boarding to IPPB Merchant App
• Assisted services through the GDS, as and when required
• Availability of funds at your doorstep, based on your request
• Bill payment facility at your doorstep
• Simple and secure banking through the IPPB QR card
• Multilingual customer support 
• Nominal charge
• Chequebook facility on request
• Unlimited cash deposits and withdrawals

Digital Savings Account - IPPB

Digital Savings Account

For the people who are tech savvy and comfortable with technology, IPPB’s Digital Savings Account is the best way to onboard yourself through the IPPB Mobile App. This app can be downloaded from the play store on your Android phone. Anyone above the age of 18 years, having Aadhaar and PAN card, can open this account. The account can be opened instantly from the comfort of your home, which means banking anytime, anywhere.

Key Account Features and Benefits

• Banking at your convenience
• Instant self on-boarding
• Interest rate of 4% p.a. on EOD daily balances, paid quarterly
• No monthly average balance required to be maintained
• The account can be opened with zero balance
• Free quarterly account statement
• Simple and instant fund transfer through IMPS
• Easy bill payments and recharges

What you need to open a Digital Savings Account

• Individuals must be above 18 years of age
• 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
• The account is subject to closure if the KYC is not completed within 12 months of account opening
• The Digital Savings account can be linked to a POSA (Post Office Savings Account) after completion of KYC within 12 months

What makes us different

• Multilingual customer support
• No commitment of minimum balance
• Nominal charges

Rates

Interest rates	Frequency of payout
4.00% p.a	Quarterly

Regular Savings Account - IPPB

Regular Savings Account

The Regular Savings Account can be opened at the bank’s access points and your doorstep. This account can be used to keep funds secure, withdraw cash, deposit money and perform easy remittances, besides a host of other benefits. In addition, interest can be earned on the money kept in this account and the cash withdrawals allowed in this account are unlimited.

Key Account Features and Benefits:

• Banking at your convenience
• Instant and paperless account opening
• Interest rate of 4% p.a. on EOD daily balances, paid quarterly
• No monthly average balance required to be maintained
• The account can be opened with zero balance
• Free quarterly account statement
• Mini statement through SMS
• Simplified banking services through QR card
• Instant fund transfer through IMPS
• Easy bill payment and recharges
• Can be linked to POSA (Post Office Savings Account)

What makes us different

• Free account opening at your doorstep
• Assisted services through the GDS, as and when required
• Availability of funds at your doorstep, upon request
• Bill payment facility at your doorstep
• Simple and secure banking with QR card
• Multilingual customer support
• No commitment of minimum balance
• Nominal charges
• Day end balance above Rs. 1 lakh can be swept into linked POSA (Post Office Savings Account)
• Access to our growing merchant network
• Unlimited cash deposits and withdrawals

Rates

Interest Rates	Frequency of payout
4.00% p.a	Quarterly