Department of Posts has recently launched a new India Post Mobile Banking app.
Through this mobile App, post office customers can make deposits into their PPF accounts (Public Provident Fund) and other Small Saving Time Deposit Accounts online.
Post office account holders can also transfer funds from their savings accounts to own linked PPF accounts online through this mobile banking App.
India Post New Mobile App
How to download India Post’s new mobile banking app?
You can download the India Post Mobile Banking from Google Play store.
Post office Mobile Banking App & Pre-requisites
- To transact through PO mobile banking app, you should have a post office Savings Account in a Core Banking Solution enable post office branch.
- You should have enabled internet banking facility and possess login credentials to use net-banking.
- Besides net banking facility, you should also enable mobile-banking facility.
- In case, you have not yet enabled these facilities, you can apply for them by filing a mobile and internet banking request form. (If needed, you may have to submit ID/address proof copies at post office branch along with request form.)
How to activate Post Office New Mobile Banking app?
- After enabling mobile banking facility, you can install the app from Google play store on to your Smartphone.
- Open the app and click on Activate Mobile Banking button.
- Enter security credentials which you have provided with the Department of Post.
- You will receive an OTP to your registered mobile number.
- Once OTP is validated, you can set four digit MPIN for future logins.
- Enter your Username and Mpin to login to the App.
Features of India Post Mobile Banking App
- You can check your Savings account, PPF, Recurring Deposit and other Accounts balances.
- You can get mini statements of your PPF account(s) and Savings Account(s).
- Transfer of Funds to other Post office savings accounts can be made through mobile app. But, transfer to other Bank Savings Account(s) is not possible.
- However you can open IPPB (India Post Payments Bank) account, link your POSB A/c (Post Office Savings Bank Account) to it. Then you can sweep money from POSB to IPPB account and transfer from IPPB app to other banks.
- Post office account holders can also transfer funds from their PO savings accounts to own linked PPF accounts online through this mobile banking App. (If this app provides PPF account opening feature online it will be a great help to the customers.)
- You can submit service request to open Post office RD accounts.
Continue reading : ‘Post office Small Savings Schemes Latest Interest Rates‘
Kindly note that I have not yet used India Post’s New Mobile App. So, I do not have real-time experience on the usability of the above mentioned App features.
(Post first published on : 16-Oct-2019)