Using the Apps like IIPB (India Post Payment Bank) or India Post Mobile Banking App, Post Office now offering online deposit in Post Office PPF, Sukanya Samridhi, RD account easily. Let us see the available options for the same.
PPF, Sukanya Samridhi or RD accounts require a frequent deposit. However, earlier it was cumbersome to do it online deposit in Post Office PPF, Sukanya Samridhi, RD accounts as there was no such facility earlier.
Now using the IPPB (India Post Payment Bank) App or India Post Mobile Banking App.
Let me explain to you one by one.
Online deposit in Post Office PPF, Sukanya Samridhi, RD – How to do?
First let us understand the features of Online deposit in Post Office PPF, Sukanya Samridhi, RD using IPPB Mobile Banking App.
# Online deposit in Post Office PPF, Sukanya Samridhi, RD using IIPB Mobile Banking App
IIPB Mobile Banking App was launched in September 2018. IPPB (Indian Post Payments Bank), was launched by the government to make banking services available at the doorstep. This Indian Postal Department will work via a network of Post Offices. There are various services available under this such as Mobile Banking, SMS Banking, Missed Call Banking etc.
You can download the app HERE.
If you have an IIPB account opened through Post Office or Postman, then you are considered as an existing customer. Enter details such as Account number, Customer ID and registered mobile number you will receive an OTP. After verifying OTP you will be able to access your account via this App.
However, if you are a new user then you can open a digital account online. This account has some restrictions and you need to open a regular savings account within 12 months. This service is available at a doorstep. You can call on a Toll-free number to request a doorstep account opening service or you can also visit the nearest Post Office. Digital account opening service is currently on hold due to the supreme court’s judgment on Adhar Based KYC. However, with the recent amendment to KYC, I hope this service will open again.
To make an Online deposit in Post Office PPF, Sukanya Samridhi, RD customer should have an active PPF, SSA or RD accounts and customers should be corresponding and account number and Customer ID. The steps for Online deposit in Post Office PPF, Sukanya Samridhi, RD using IIPB App are as below.
# Add money to your IIPB Account.
# Go to DOP Products. Choose PPF, SSY or RD.
# Write your PPF, SSY or RD Account numbers for which you wish to deposit and then DOP Customer ID.
# Choose the installment duration and amount.
# IPPB will then notify you for successful payment transfer made through IPPB mobile application.
Do remember that using IPPB you are unable to open NEW accounts. But can only deposit to your existing PPF, Suknya Samridhi or RD.
# Online deposit in Post Office PPF, Sukanya Samridhi, RD using India Post Mobile Banking App
India Post Mobile Banking App has been launched by the Department of Posts for Post Office Saving bank account users. This app is available to android users and you can download HERE.
Who can use India Post Mobile Banking App?
- You must have a single or joint type Post Office Savings Account in CBS (Core Banking Solutions) enabled Post Office.
- Your account is enabled for internet banking services with transactions and login credentials.
- You need to have valid PAN, Email ID, unique Mobile Number.
- Your account must be KYC complied.
- Remember that one mobile number can be used for only one account. Hence, if you have multiple accounts, then you have to provide different mobile numbers.
If you have all the above things in place then you can submit a duly signed form at CBS Post Office where your POSB(Post Office Savings Bank) account is held. After submitting the form mobile banking facility should be activated within 24hrs.
Once you get the credentials from Post Office you can click on activate Mobile banking. OTP will be sent to the registered mobile number. Upon successful validation, you will be asked to enter MPIN and then you are all set to login.
Here also, as I have explained above, using the DOP products option, you can invest in PPF, SSY and RD accounts. However, using this feature you can’t open the new PPF, SSY and RD accounts.
Conclusion:-Using IIPB App or India Post Mobile Banking App, you can do the online deposit in Post Office PPF, Sukanya Samridhi, RD accounts. However, both are currently having more glitches like typical Government Apps. Also, if you are holding multiple accounts with the same mobile number, then it is far better to use the IIPB App rather than India Post Mobile Banking App.
If both these Apps provide an option to open PPF or Sukanya Samridhi Accounts online, then I think a service is better.
Let me know your experience of using both these apps.
Few Posts related to PPF and Sukanya Samriddhi Account:-
- All about Public Provident Fund (PPF)
- Public Provident Fund Interest Rate 2018 and 50 Yrs History
- How to open PPF account online in ICICI and SBI Banks?
- PPF and NSC for NRIs – Amendment Rules 2017
- PPF Account for Minor and Wife – Rules, Tax Benefits and Tricks
- How to encash or withdraw NSC bought from different Post Office?
- NSC-Accrued Interest taxation and way to reduce it
- Post Office Monthly Income Scheme or MIS – A complete guide
- Premature closure of PPF account – New Rules 2016
- PPF withdrawal rules & options after 15 years maturity
- Public Provident Fund -20 unknown facts
- 15 Rules of availing Loan against PPF (Public Provident Fund)
- How to transfer PPF Account from Post Office or Bank to another Post Office or Bank?
- Excel PPF Calculator-Calculate goal, loan or withdrawal amounts
- PPF-Loan and Withdrawal
- PPF-When to contribute to get higher returns?
- All about Kisan Vikas Patra (KVP)-2014
- Sukanya Samriddhi Account -When to invest to earn more returns?
- Sukanya Samriddhi Account-An investment scheme for your girl child
- Post Office Senior Citizen Scheme (SCSS)-Benefits and Interest Rate
- NSC and KVP in e-mode and Passbook mode from 1st July 2016
- How to transfer NSC from one person to another?
- India Post Help Centre and a Toll-Free Number 1924 features
10 Responses
Where can i find my customer id sir
Dear Jenifer,
Check with Post Office.
How i get customer id of my daughter ssa account. Only name address and account no printed on passbook.
Dear Chander,
Customer ID is allotted to your savings account.
Hi Basu sir,
I have 2 daughters whom I am contributing to their SSY account in offline mode. I wanted to set up an online payment option as you suggested in the article to to open an digital account in IPPB mobile app.
But, unfortunately it doesn’t work as my name in PAN is BALAJI R and in KYC AADHAR it is R BALAJI.
1) Kindly let me know which should format of name and in which I should change my format – In PAN or AADHAR ?
2) If this is due to the court verge, then I had to go with opening savings account post office and then utilize this apps service right ?
Dear Balaji,
Sad to hear.
1) Retain the one which as per you is correct.
2) Yes.
Thank you Basu Sir. I am also checking to migrate my account from PO to ICICI for my kids. Hope that should work hassle free. Keeping my fingers crossed.
Dear Balaji,
Best of luck. Let us hope for the best.
But sir, you have to visit post office to get your PPF passbook updated!!!!
As well as stand in line deposit and get passbook updated
Dear Sachin,
Let us hope for the best 🙂