Prime Minister Narendra Modi launched India Post Payments Bank (IPPB) on September 1. It has been launched with a variety of features. In the IPPB, customers can open three types of savings accounts. Digital Savings accounts can be opened through the IPPB mobile app, while regular and basic post office or postman can be opened. In this news, we are talking about some important issues related to IPPB.
Basic Savings Account: All the features and benefits of Regular Saving Account will be made available in the IPPB Basic Savings Account. Though only 4 times a month the withdrawal of money will be allowed. In this account, interest will also be paid at 4% of the annual rate of deposits.
Digital Savings Account: In IPPB, you can open a digital saving account. You can use it easily through IPPB's mobile app. The person whose age is above 18 and has a PAN card and Aadhaar card can open this account. On the basis of deposits in this account, interest of 4 per cent will be given on an annual basis.
Services provided in the IPPB account: There is a facility of savings in current account with IPPB. These accounts have the option of direct fund transfer. The IPPB account will be used to send money, make payments, use mobile banking facility, phone banking, insurance products, mutual funds, and other financial services.
QR Card: India Post Payment Bank provides customers with a free QR card. To get the QR card resumed, the fee is Rs 25.
Initial Minimum Deposit: Customers do not need to have any kind of Minimum Deposit in initially in this account.
Monthly average balance: Customers do not have to maintain monthly average balance in this account. Therefore, no charge is charged in the event of not maintaining Monthly Hours Balance accordingly.
Interest rate: In India Post Payment Bank's Zero Balance Savings Account, an interest rate of 4 per cent is provided, which is paid on a quarterly basis.
The postman will come home and pay the payment to the account holders of the IPPB. Any person can apply online for payment. The postman of that area will go to the holder's house and match the finger print of the Aadhar card. After the fingerprint match, the information of the account holder will be sent to the postman's mobile and he will make the payment. If finger prints are not match then payment will not be made on behalf of the postman. In this case, the account holder will have to go fingerprint matches by going to the post office.
Minimum Account Balance: In this account, customers are not required to maintain Minimum Balance.
Maximum balance at the end of the day: The account holder can keep up to a maximum of Rs. 1,00,000 in the Zero Balance Savings account of the payment of India Post.
Convenience to Link to POSA Account: Customers can link to their Post Office Savings Bank Account (POSA) to the Basic Savings Bank Deposit Account of India Post Payment Bank. If they link the two accounts then the amount of one lakh plus one day is transferred to the linked POSA account itself.
Types of accounts:-
Regular savings account: India Post Payments Bank's Regular Savings Account (Regular Savings Account) can be opened on the access points of the bank. You will also get interest on deposits in this account and there are many times the withdrawal allowed from this account. This Savings Account will earn 4% interest on an annual basis.Basic Savings Account: All the features and benefits of Regular Saving Account will be made available in the IPPB Basic Savings Account. Though only 4 times a month the withdrawal of money will be allowed. In this account, interest will also be paid at 4% of the annual rate of deposits.
Digital Savings Account: In IPPB, you can open a digital saving account. You can use it easily through IPPB's mobile app. The person whose age is above 18 and has a PAN card and Aadhaar card can open this account. On the basis of deposits in this account, interest of 4 per cent will be given on an annual basis.
Services provided in the IPPB account: There is a facility of savings in current account with IPPB. These accounts have the option of direct fund transfer. The IPPB account will be used to send money, make payments, use mobile banking facility, phone banking, insurance products, mutual funds, and other financial services.
QR Card: India Post Payment Bank provides customers with a free QR card. To get the QR card resumed, the fee is Rs 25.
Initial Minimum Deposit: Customers do not need to have any kind of Minimum Deposit in initially in this account.
Monthly average balance: Customers do not have to maintain monthly average balance in this account. Therefore, no charge is charged in the event of not maintaining Monthly Hours Balance accordingly.
Interest rate: In India Post Payment Bank's Zero Balance Savings Account, an interest rate of 4 per cent is provided, which is paid on a quarterly basis.
The postman will come home and pay the payment to the account holders of the IPPB. Any person can apply online for payment. The postman of that area will go to the holder's house and match the finger print of the Aadhar card. After the fingerprint match, the information of the account holder will be sent to the postman's mobile and he will make the payment. If finger prints are not match then payment will not be made on behalf of the postman. In this case, the account holder will have to go fingerprint matches by going to the post office.
Minimum Account Balance: In this account, customers are not required to maintain Minimum Balance.
Maximum balance at the end of the day: The account holder can keep up to a maximum of Rs. 1,00,000 in the Zero Balance Savings account of the payment of India Post.
Convenience to Link to POSA Account: Customers can link to their Post Office Savings Bank Account (POSA) to the Basic Savings Bank Deposit Account of India Post Payment Bank. If they link the two accounts then the amount of one lakh plus one day is transferred to the linked POSA account itself.
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Reviewed by ADMIN
on
Sunday, September 23, 2018
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Reviewed by ADMIN
on
Sunday, September 23, 2018
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