India Post Payments Bank Account- IPPB Account -

India Post Payments Bank Account- IPPB Account

India post payments bank account (IPPB) offers door banking services like money transfer, bill payments, insurances through third parties, and other utility payments. 

India Post Payments Bank is a division of India Post. It was established under the Department of Post (DOP), Ministry of Communication, and is 100% owned by the Government of India. 

The IPPB was launched on January 30, 2018, in Ranch (Jharkhand) and aimed to be present throughout India in the financial year 2018-2019.

Post office India seeks to use 1,31,312 post offices and 3 lakh postmen and Grameen Dak Sewaks as contact points to provide online banking services through IPPB to its customers. IPPB gained approx. Forty million customers by December 2020.

What is IPPB Account in Post Office?

India post payment bank account is a savings account that any eligible Indian over ten years of age can open in any post office of India. 

The three accounts types of IPPB are Regular, Basic Saving Bank Deposits (Sugam Account), and Basic Saving Bank Deposits (Saral Account). Regular account needs an initial amount of Rs. 100, sugam, and saral accounts do not require any initial amount. 

Payments bank was established to build the simplest, most efficient, and most reliable bank for the common public in India. 

IPPB aims to remove barriers for the unbanked and achieve its ultimate goal to reach every corner of the country by using the postal system of 155,000 post offices and 300,000 postal workers.

The scope and business model of IPPB are to enable paperless, cashless, and presence-less banking simply and securely directly to customers using smartphones and biometrics integrated with CBS. 

IPPB uses cost-effective innovations and emphasizes the comfort of banking for the general public. It offers a cost-effective and straightforward banking solution through an intuitive interface available in thirteen (13) languages.

Post payments bank is committed to supporting the cashless economy and boosting the Digital vision of India.

What is the Advantage of IPPB Account?

India post payments bank account provides several benefits to its holder these are: 

  • Banking that makes your job easier
  • Easy registration 
  • No necessity to maintain an average monthly balance
  • No amount is needed to open an IPPB account 
  • Monthly e-statement without charges
  • Easy bill payments and recharges  

Indian post payments bank offers merchants several benefits with Merchant Services through which merchants can:

  • Register, download statements, and accept digital payments free of cost 
  • Easily manage payments through the innovative IPPB Merchant application that can be downloaded to any smartphone
  • Access account information such as transactions and statements at any time
  • Build a transaction history that allows a positive credit score 

Also Read: Central Government Computer Courses Scheme

 Who can open IPPB account? (Eligibility) 

Any Indian citizen over ten years of age can open an IPPB; documents needed for this are:

  • Aadhaar card
  • PAN card
  • Valid mobile number

 How to Open IPPB Account in Post Office?

If you want to open a post office IPPB account, visit your nearest post office with your Aadhaar card or simply Aadhaar and mobile number. 

If you live in a village and visit your village post office, a Gram Dak Sevak (GD) will help you open the account. A GD is equipped with a biometric device and a 4G internet connection smartphone.

If you open an IPPB account in the city post office, the staff there will help you to open this account. If you already own a post office account, your can link your IPPB account and that account to get more benefits. 

When you open an IPPB account successfully, download the IPPB Mobile Banking App from the Play Store and use services such as money transfers bill payments. 

You can also pay for post office Recurring Deposit Account (RD), Public Provident Fund (PPF), and Sukanya Samridhi Account (SSA) through IPPB.

 IPPB Mobile Banking Registration (Existing Customers) 

To enjoy a mobile banking facility under the India post payment bank account, which you open at the post office, all you need is to download the IPPB mobile application from Google Play Store and link your account and registered mobile number.

Follow the steps given below to register for IPPB mobile banking:

  • Download the IPPB Mobile application from your internet-enabled Android mobile phone from the play store.
  • Enter your details- Account number, customer ID, Date of birth, and Registered mobile number
  • You will receive an OTP (One Time Password) on your mobile phone
  • Enter the OTP and set MPIN 
  • You are now registered for mobile internet banking 
  • You can now use mobile internet banking through your IPPB account 


India post payment bank account under the administration of India post provides easy banking for the account holders. IPPB account holders can pay bills, recharge DTH, pay for other schemes in the post office, such as PPF SSY.

Tech-savvy people can also enjoy several services through IPPB mobile banking app on the go. 


Is IPPB a Zero Balance Account?

For opening an IPPB account, there is no need for any amount. 

What is IPPB Interest Rate 2021?

From Ist February 2022 interest rate on IPPB account is 2.25% 

What is the Minimum Balance for IPPB Account?

No minimum balance is required to maintain in IPPB account 

How do I find my customer ID for IPPB?

You can call the IPPB customer care number 155299 to get your customer ID by authenticating yourself.

What is IPPB Customer Care email ID? 

[email protected] 

Where is IPPB located? 

In the Corporate Office 2nd Floor, Speed Post Centre, Bhai Veer Singh Marg, Market Road, New Delhi-110001.

How many IPPB branches are there in India?

There are 650 branches of IPPB in India. 

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