Post Office Savings Account link: Opening a post office savings account has become a medium of great convenience for crores of citizens of the country. Especially in rural areas, where the services of private banks are not easily accessible, people get the facility of getting financial work done through the post office.
Now any person can easily open an account through India Post Payment Bank (IPPB). But do you know that Post Office Savings Bank Account and India Post Payment Bank (IPPB) Savings Account can also be linked among themselves, which gives you many benefits.
How to link post office savings account with IPPB savings account
According to the official website of India Post Payment Bank, if a customer wants to link India Post Payment Bank with a savings account, then the customer should have an active post office savings bank account.
To link these two accounts, this work can be done through doorstep service at the time of opening India Post Payment Bank Savings Account or thereafter, or can be linked at IPPB access point.
For linking the savings bank account, the customer is required to show his/her post office savings bank account passbook to the GDS/Postman at the doorstep service or to the counter staff at the access point.
After the post office savings bank account is linked with the IPPB account, SMS is sent to the registered mobile number of the customer in which the bank account details are shared.
what are the advantages
If your IPPB account receives more than Rs 2 lakh, it is automatically transferred to the linked Post Office Savings Account (POSA) after linkage.
The entire balance amount can be transferred in one go from India Post Payment Bank Savings Account to Post Office Savings Account. For information, let us tell you that there is no limit on the maximum balance amount.
IPPB Mobile Banking App
Customers can manage funds through IPPB Mobile Banking App. Cash can be withdrawn and deposited through India Post Payment Bank savings account.
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