Now you can open Post Office digital savings account using IPPB mobile app, know how

The India Post Payments Bank (IPPB) offers customers a facility to open savings accounts digitally using their IPPB mobile app. Post Office account holders can easily carry out basic banking transactions using their IPPB mobile app. IPPB Mobile App can be downloaded from the play store on Android phone or app store for iPhone.

Earlier, the customer had to visit the nearest post office for depositing money, checking balance, transferring money and other financial transactions. You can also transfer money to your Post Office Recurring Deposit (RD), Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA).

Points to remember while opening a Digital Savings Account:

Individuals must be above 18 years of age.

Within a year of account opening, you are required to complete biometric authentication for the account after which it will be converted into a regular savings account.

The digital savings account is valid only for a year.

The digital savings account can be linked to a POSA (Post Office Savings Account) after completion of KYC within 12 months.

Steps to open a post office digital savings account using IPPB app

1. Go to the IPPB Mobile Banking application on your mobile phone and click on 'Open Account'.

2. Enter your PAN card number and Aadhaar card number.

3. After inputting both, you get an OTP on your linked mobile number to open the instant bank account.

4. Enter required details such as mother's name, educational qualifications, address and nomination details.

5. Once details are filled and submitted, the account is opened and can be accessed using the app.