India Post Payments Bank (IPPB)

iAbout This Scheme

India Post Payments Bank, launched in September 2018 with 100% government ownership, offers savings accounts, current accounts, money remittance, and payment services leveraging India Post's network of 1.55 lakh post offices and 3 lakh postmen/Grameen Dak Sewaks. It serves as a last-mile banking conduit, particularly for DBT and rural customers.

🎁Key Benefits

Zero-balance savings account with doorstep banking via postman
Money transfer and remittances nationally
DBT receipt for government scheme beneficiaries
Bill payments, insurance premium payments
QR-code based cashless payments
Aadhaar-enabled payment system (AePS) for withdrawals

✅Eligibility Criteria

1
Any Indian resident
2
Minor accounts allowed with guardian

Min Age

18 years

🤖

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📝How to Apply

1

Visit Post Office or Call Postman

Open account at post office or request doorstep enrollment.

2

Aadhaar eKYC

Biometric Aadhaar eKYC completed by postman/GDS.

3

Account Active

Account activated; virtual debit card issued.

❓Frequently Asked Questions

What services does India Post Payments Bank offer?

IPPB offers zero-fee savings accounts, money transfers, direct benefit transfers, bill payments, insurance premium collection, micro-ATM and Aadhaar-based payment at 1.36 lakh post office access points.

How do I open an IPPB account?

Open at any post office or through the IPPB mobile app. Postmen also open IPPB accounts at doorstep. Aadhaar-based eKYC makes account opening instant.