Post Office Money Transactions Big news for post office customers! Now you will be able to make large sums of money at any time by linking accounts operated in India Post Payment Bank and post office.
To avail this facility, you must have an account in post office as well as IPPB. Know about this new service in detail.
Post Office Money Transactions: Post Office customers will no longer have to worry about transactions of large amounts of money. By linking accounts operated in India Post Payment Bank (IPPB) and post office, large amounts of money can be paid at any time. Only those customers will get the benefit of this facility, whose account is operated in IPPB along with the post office.
Account opening in just 3 minutes
Most of the villagers already have their accounts in the post office. Since the post office has not made the accounts online yet, the customer has to come to the post office for transactions of large amounts. In such a situation, if money is required urgently, they 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 avail the benefits of any government scheme. The facility of opening an account in three minutes through Aadhar card verification attracts people.
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Gaurav Yadav, the branch manager of the bank operating in the main post office premises, says that those 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 customer of the post office can automatically transfer the money from his account to the IPPB account online and later send the payment to any person in their account from the online account of IPPB. This will eliminate the need to come to the post office.
This is also a facility
With the help of the IPPB app, along with transferring funds to any bank account, making online payments, depositing funds under Sukanya Samriddhi Yojana, account holders can also view the statement of both their accounts (post office and IPPB).
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