India Post Payments Bank Savings (IPPB) account holders under various post office schemes can do basic tasks like transfer money to Sukanya Samriddhi Account (SSA), Recurring Deposit (RD), General Provident Fund (PPF) from the comfort of their homes. All the work including paying premiums for these plans can be done through the IPPB mobile app. With the IPPB app, any account holder can easily check their balance, transfer money and do other financial transactions, for which they had to visit the post office earlier.
However, to start these schemes one has to visit the post office, after which these schemes can be managed online using IPPB account or mobile app. Let us tell you that the government had launched ‘DakPay’ digital payment app last year, which is used by post office and IPPB customers. DakPay connects users to digital financial and allied banking services provided by India Post and IPPB.
DakPay also offers features like sending money, scanning QR codes and paying services and merchants digitally. It will also provide interoperable banking services. Investors can also use this app to make payments.
How to transfer funds to PPF through IPPB?
- Add money from your bank account to your IPPB account.
- Go to DOP Services.
- Here choose PPF from RD, PPF, SSA and Loan Against RD.
- Enter your PPF account number and DOP customer ID.
- Enter the amount to be deposited.
- Click on Pay.
How to transfer funds from IPPB to Sukanya Samriddhi Account?
- Add money from your bank account to your IPPB account.
- Go to DOP Services and select Sukanya Samriddhi Account.
- Enter Sukanya Samriddhi Account Number and DOP Customer ID.
- Select the installment tenure and amount and make the payment.