India Post Savings Account

[supperman]

Can someone confirm can we use net banking and mobile banking with Post Bank account? (Not IPPB).

Yes, you do get net banking and mobile baking with India Post SB. They're not swanky, but they get the job done for basic things.

 

[ashwinkashwink is verified member.]

Yes, you do get net banking and mobile baking with India Post SB. They're not swanky, but they get the job done for basic things.

What was the process?

 

[ontherocks]

Is passbook a very vital object in Post Office world? I came to know that for everything you need the original passbook.

 

[Pikachu.]

What was the process?

You have to fill a physical form that's available on their website and submit it.
You'll receive the following sms on your registered number after successful activation.
"Your India Post Internet/Mobile Banking UserID is ready for activation. Please activate using 'New User Activation' link in https://ebanking.indiapost.gov.in".

 

[Anindya98]

Is passbook a very vital object in Post Office world? I came to know that for everything you need the original passbook.

Yes, the heart of your account. Without it, you can't do anything.

 

[supperman]

Is passbook a very vital object in Post Office world? I came to know that for everything you need the original passbook.

It's not quite so vital these days. They have the necessary information on their systems.
I have not needed my passbook for any specific transaction.

That being said, it's never a good idea to lose it. Post Office instructions and processes widely differ in practice, depending on where the PO is located. Perhaps in a rural area, or even the suburbs of a city or township, they may absolutely need the passbook.

For transactions, you can use the debit card, or MB/NB, or a chequebook. If you wish to withdraw cash at the Post Office without any of these instruments, or even with a self cheque, they may ask for a passbook, as they would in several others. Similarly for FD, RD, insurance etc.

 

[S D S]

Just curious, can it be linked to UPI

 

[KGSIPO]

Just curious, can it be linked to UPI

Yes with the debit card

 

[ashwinkashwink is verified member.]

Just curious, can it be linked to UPI

I think not , Only IPPB can be linked with UPI ..

 

[KGSIPO]

Yes with the debit card

I think not , Only IPPB can be linked with UPI ..

I linked UPI with IPPB only

 

[supperman]

Just curious, can it be linked to UPI

No. India Post Savings bank account does not provide any UPI related services at the moment. IPPB does, but not the normal SB account.

 

[cardy]

Hi, I need some information about India Post Savings Account, any one use this service from India Post please elaborate about it how to open ? How to use ? Features & Charges everything about this I want to open for my mother because of 4% interest rate P.A. to park some emergency fund and deposit monthly some amount..

I know that Post office is dependable and go to place for many.

But I have very much doubt about it's service. A tiny simple work may require forms to fillup, visit office etc. there's long ques also.

And in emergency all these act as disadvantages.

Now a days banks like kotak, indusind etc offers very good interest rate and if I were you my tendency would have been to banks over post office.