Post payment bank

Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). Code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch. MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques. (Select Bank Name then State then District then branch to see Details) BankIFSCcode.com has All 252 Computerised Banks and their 163677 Branches Listed. Guide:- Click to Refresh Corresponding List Field Disabled/Not Selected Please look for the correct name of the bank, e.g. "Federal Bank" is Actually "The Federal Bank." 2010 - 23, BankIFSCcode.com Disclaimer: - We have tried our best to keep the latest information updated as available from RBI, users are requested to confirm information with the respective bank before using the information provided. The author reserves the right not to be responsible for the topicality, correctness, completeness or quality of the information provided. Liability claims regarding damage caused by the use of any information provided, including any kind of information which is incomplete or incorrect, wi...

Contents • India Post Payment Bank CSP • What is India Post Payment Bank CSP? • How to to become a IPPB CSP Merchant? • Benefits of having India Post Payment Bank CSP • Related Articles – • Conclusion • FAQs – Frequently Asked Questions India Post Payment Bank CSP : India Post Payment Bank (IPPB) is a government-owned payment bank in India that was launched in 2018. It aims to provide basic financial services to customers in rural and remote areas of the country. One of the ways it achieves this goal is through the Common Service Centre (CSC) network, which acts as a bank correspondent for IPPB. This network is known as IPPB CSP (Customer Service Point). What is India Post Payment Bank CSP? IPPB CSP is a unique initiative that enables individuals to act as bank correspondents in their communities. They provide basic banking services such as account opening, cash deposit, cash withdrawal, money transfer, and bill payment services to customers in their area. This helps in reaching out to unbanked and underbanked individuals who live in remote or rural areas and have limited access to financial services. How to to become a IPPB CSP Merchant? The process of becoming an IPPB CSP is relatively simple. Interested individuals can apply for the CSP at the nearest CSC center or online through the IPPB website. They need to meet certain eligibility criteria, which include being an Indian citizen, having a valid PAN card and Aadhaar card, having a computer or smartphone with internet ...

• About us • • • • • • • Prelims • • • • • • • • • • • • • • • • • • • • Practice Quiz • • • • • • • • • • • • • • • • • Mains & Interview • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Current Affairs • • • • • • • • • Drishti Specials • • • • • • • • • • • • • • • Test Series • • • • • • • • • • • • • • • • • • • • • State PCS • • • • • • • • • Videos • • • • • • • • • • • • • • • • • • • • • • • • • • • Quick Links For Prelims: Fincluvation, India Post Payments Bank, RBI, Start up, Financial Inclusion, Digital India, Department of Post. For Mains: Growth & Development, Mobilization of Resources, Issues Relating to Development, Banking Sector & NBFCs, Government Policies & Interventions, Financial Inclusion, Digital India. Why in News? Recently, the India Post Payments Bank(IPPB) launched the Fincluvation Platform to promote innovative solutions in collaboration with fintech startups to accelerate financial inclusion among the underserved and unserved population. • The term Fintech (Financial Technology) refers to software and other modern technologies used by businesses that provide automated and imporved financial services. What is Fincluvation? • Fincluvation will be a permanent platform of IPPB to co-create inclusive financial solutions with participating start-ups. • IPPB and Department of Post (DoP) collectively serve close to 430 million customers through post offices and at their doorsteps via more than 4,00,000 Post Office employees and Gramin D...

• Adding transfer-on-death (TOD) or payable-on-death (POD) beneficiaries to your account is the easiest way to ensure your heirs have easy access to your account after passing. • Setting up a will or trust can help your heirs access money after your passing, but your account can still be part of the probate process. • Adding joint account holders with rights of survivorship makes things simpler after you pass but can lead to complications while you live. • Doing nothing will make things more complicated and stressful for your survivors; ensure you have something in place for their sake. Name Bank Account Beneficiaries The easiest way to pass your bank account on to your heirs after your passing is to make sure you name It is common practice for a bank to freeze an account upon notification of the account holder's death to prevent fraud. Therefore, it's important to have a payable on death (POD) beneficiary designated to ensure your money can be accessed by your loved ones if you pass away. Have a Will If you have a will in place, your heirs may not necessarily avoid probate, but at the very least, you will have a guideline for who gets your assets.The probate process can be lengthy, and your heirs may be required to hire costly probate attorneys depending on where they live. In addition, your will becomes public knowledge after your passing, and assets passed on through wills may still be subject to If the deceased has named a payable-on-death (POD) beneficiary for the acc...

The Indian Post Payment Bank (IPPB) is a unique initiative by the Indian government to provide banking services to every citizen, especially those in rural areas. This bank operates through the post office network and offers a range of services, including savings accounts, current accounts, and money transfers. In this guide, we’ll explore how the IPPB works and the benefits it offers to its customers. Besides this, we will see how one can open an online India post-payment bank Account. Also, you will learn the top benefits of India Post payment bank. Introduction to Indian Post Payment Bank. The Indian Post Payment Bank (IPPB) is a government-owned bank that was launched in September 2018. It aims to provide banking services to every Indian citizen, especially those in rural areas who may not have access to traditional banking services. The IPPB operates through the post office network, which has over 155,000 branches across the country. This makes it one of the largest banking networks in India. The IPPB offers a range of services, including savings accounts, current accounts, and money transfers. Let’s take a closer look at how the IPPB works and the benefits it offers to its customers. Read Services offered by IPPB. The Indian Post Payment Bank (IPPB) offers a range of services to its customers. These include savings accounts, current accounts, money transfers, bill payments, and more. Customers can open a savings account with the IPPB with just Rs. 10 and can earn int...

PM Narendra Modi has launched India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi. Now people can avail banking services at 1.5 lakh Post Offices with 3 lakh Postman or Grameen Dak Sevaks as banking agents. IPPB will enable money transfer, transfer of govt. benefits, bill payments, investment, insurance services etc. Postmen will deliver these services at their doorstep. It will remain available at 650 bank branches along with 3250 customer access points. People can open a regular savings or current account at ippbonline.com They will be empowered with smartphones and digital devices to provide financial services. IPPB will also facilitate digital transactions and availing benefits of govt. schemes such as Pradhan Mantri Fasal Bima Yojana for farmers. It is a public sector company under the Department of Posts with 100% GOI equity and is governed by Reserve Bank of India (RBI). Function was witnessed at around 3000 locations across the country. This initiative is to provide boost to banking services to the remotest people in the country. Now the revised cost for IPPB is Rs. 1435 crore. India Post Payments Bank (IPPB) – Complete Details From 1 September 2018, IPPB branches are opened across 650 districts today to achieve this financial inclusion. PM said that postman has been seen as a respected, trusted and accepted person in any village. Govt. is focusing on making reforms to existing frameworks and structures in accordance with changing times. Now around 3 ...