India Post Payment Bank (IPPB) was launched by the Ministry of Communication of the Government of India operating under the India Post division of the Department of Post in 2015. The Payment Bank of India Post was governed by the Reserve Bank of India like other banks but there are some specific restrictions added by the government of India and the Reserve Bank of India. The first bank was launched by the government in 2017 in Raipur and Ranchi, Chhattisgarh. The project of the Indian Payment Bank was approved by the Union Cabinet minister with a fund of Rs 1345 to set up the first phase of the India Post Payment Bank.
The model of payment banks in India was launched by the Reserve Bank of India with the restriction of issuing Credit Cards. Under this scheme, Bharti Airtel organization launched its first Airtel Payments bank. The government of India also planned to reach the urban/ tribal areas of the country to connect with the mainstream via the India Post division of the Ministry of Communication.
India Post Payment Bank, Update Aadhar/ Mobile Number
The government of India planned to use the India Post department and thousands of Postman and Gramin Postman to give the facility of Banking at the doorstep. The Payment Banks of India Post have an online banking portal to give online facilities to furnish general banking purposes for their daily need. The India Post Payment Bank gives the ability to use UPI, IMPS, ATM facility, and many more except Credit Card Facility.
| Name of Bank | India Post Payment Bank |
| Work Under | India Post, Department of Post, Govt. of India |
| Eligibility | Indian Citizens |
| Document Required | Aadhar Card, Mobile Number & Pan Card |
| Facilities | ATM Card, UPI facility, IMPS, NEFT, Online Banking |
| Restriction | No Credit Card |
| Maximum Limit | INR 2,00,000 |
| Official Site |
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How to Open Account & User Login @ippbonline.com?
Citizens of India can open their savings accounts and current accounts in India Post Payment by completing the general requirements for opening accounts. People who have their account in India Post Payment Bank can apply for the ATM card of the India Post Bank. Customer can use their account for UPI transfers and to send and receive paymentsbya scanning any QR Code.
As per the rule of RBI, the higher limit of payment of the savings account of India Post Payment bank is Rs 2 Lakh. Banker of Payment banks can not issue Credit Card as per the rules defined by RBI. As per the record of the government, one lakh 36 thousand seventy-eight post offices and postmen are operating the India Post Payment Bank.
Open India Post Payment Bank Account and Online Banking
The account opening process in India Post Payment Bank is as easy and it’s available at your doorstep from the local postman and nearest Post office. Documents you need with you are only your Aadhar card and active mobile number. After opening the banking account you will receive your ATM, and Net Banking information via India Post at your doorstep. The ATM issued by the India Post Payment Bank is valid on every ATM all over India.
If any customer wants to update any of his Banking Information like Aadhar card and other information can log in to the online portal of India Post Payment Bank. All the information and updating facilities are available online on the India Post Payment Bank.