Indian post office net banking

Important Notice: Opening of new digital savings account has been suspended w.e.f 18th May 2023 till further notice. 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 and also available on app store for iPhone users. 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. • 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. 1,20,000is 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 • Make Bill Payments, in store merchant Payments and payment towards eligible Post Office Savings Schemes • Overall transaction value cap on monthly basis • Not having Aadhar based OTP account with any bank nor shall be opened after opening digital account with IPPB

Post Office Time Deposit Account (TD) or National Savings Time Deposit Account (TD) is a small savings scheme administered by the Department of Posts and overseen by the Ministry of Communications, Government of India. A Post Office Time Deposit Account (TD) is ideal for debt investors planning to create financial wealth with stable and inflation-beating returns. This small savings scheme can be established offline by submitting a duly filled application form at your local post office or online. Customers must have a savings account at the same post office in order to open a time deposit account. Opening an account by physically visiting your nearest branch could be inconvenient, while the online approach speeds up the process. As a result, here's how you can create an online Post Office Time Deposit (POTD) account. Key takeaways of Post Office Time Deposit Account • A Post Office Time Deposit Account can be opened online or offline by depositing a minimum amount of Rs 1000/- and in multiple of Rs 100 with no upper limit. • The account can be opened by a single adult, joint holders up to 3 adults, or on behalf of a minor. • The account can be opened for a flexible tenure of 1 year, 2 years, 3 years, or 5 years. • The current interest rate on post office fixed deposits is 5.5 percent for deposits maturing in one to three years and 6.7 percent for deposits maturing in five years. These interest rates are payable on an annual basis but calculated on a quarterly basis. • By su...