India Post Payment Bank (IPPB) Post Office Savings Bank All India Single Ifsc Branch, Delhi

India Post entered yet again a new industry with their new service of Indian Post Payment Bank (IPPB) after they got in-Principle approval from RBI. Apart from this India Post has other services like postal, Insurance, Savings etc. India Post offers different features than their competitors which is Doorsteps Banking. In doorstep banking, all the banking operations can be availed at your doorstep. This service can be availed by dialing a toll-free number 155299.

IPPB is listed as a Payment Bank, it provides all the service that a Bank provides except for a Loan and Credit. You have an option to open a savings or current account which can be used with the Official India Post Payment Bank app, the app is different for both Customer and merchant. It enables both of them a hassle-free means to transfer and receive fund respectively. IPPB provides various payment options to transfer the funds like IMPS, RTGS and NEFT. All these banking benefit comes with no minimum maintenance balance for the saving account. Around 3,250 access points are activated in the rural and urban areas to avail banking service.