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Postal Savings Schemes Sukanya Samriddi, PPF, TD, 5 Years RD, Kisan Vikas Patra Accounts, NSC (National Savings Certificate, Post Office Monthly Income, etc., Services & Benefits. About post office scheme.

Savings are always an important part of anybody’s financial planning. No matter how much a person earns, if he does not have a proper financial planning and separate set of amount for savings, the person will not have enough money in time of need. It is to be noted that a small amounts of savings from childhood will lead to bigger amount of money in your hand in later days.

Always make a habit of saving some amount of your salary or revenue in order to face the future unforeseen issues or situations. In India one of the best options to invest is into post office. The Indian post offices not only provide postal and courier services but also provide various platforms for the customers to invest their money and to make proper financial decisions.

Postal Savings Schemes Benefits and Services

At present there are 9 postal savings schemes with various benefits and services.

The first one we discuss here is the Public Provident Fund (PPF) is one of the schemes which is beneficial at a longer period and as per this scheme the lock down period for the amount paid would be 15 years, however one can make a partial withdrawal of after saving in this scheme for 5 years.
Next one would be National Savings Certificate (NSC) wherein the scheme is very beneficial for those who wants to make investments but who has minimal amounts of income and revenue. An amount of 100 rupees can be made as an initial investment for this scheme.
Post Office Monthly Income Scheme is one of the schemes for those who wants to have a standard and regular income. One can invest a huge amount in this scheme and can get periodical returns.
Sukanya Samriddhi Account is a scheme initiated by the postal services to help the parents of girl child reduce the burden of child’s higher education and child’s marriage. Under this scheme parents or guardians of the girl child can open the account and save the amount periodically so that the huge amount will be given to the girl child once the girl reaches the age of 21. The parents should make sure that they should start this scheme before the child reaches 11 years of age. Any girl who us below the age of 10 years will be eligible to this scheme.
There are many other savings scheme under the postal services which includes the Senior Citizen Savings Scheme which will help the senior citizens who are willing to deposit their retirement amount and wants a regular return on their retirement amount.

Likewise there are many schemes which will help people to make investments and enjoy the income from the interest.

The interest rates are different for different schemes and one has to make a proper analysis before investing into any scheme.

Other schemes include Kisan Vikas Patra, Post Office Time Deposit Account, 5-Year Post Office Recurring Deposit Account, Post Office Savings Account and many more are as under.

The Kisan Vikas patra scheme helps you to earn double amount of your investment if you wait for 10 years.
The Post Office Time Deposit Account is a scheme that gives you return same like your fixed deposits in other banks. You can choose tenure as per your requirement like 1, 2, 3 and 5 years. Minor children after the age of 10 can open their savings under this scheme under their guardian.
5-Year Post Office Recurring Deposit Account is such a scheme that allows you to make huge amount with smaller monthly contributions.
Post Office Savings Account is an account that will operate like a savings account in your norm banks. You can also make transfers from your post office savings account.

Open Indian Postal Payment Bank Online

Keep visiting the page for more updates and hope the information provided is useful for you and help you make wise decisions in financial investments.

Open IPPB Account (Indian Postal Payment Bank) Online? Download IPPB App from Play store/ App store. IPPB Zero Account open on online..,

The Indian postal payments bank is an government owned public bank introduced by the government in the year 2018 and is running successfully.

The Indian postal has a huge chain of network with around 155000 post offices all around the country with around 3 lakhs of employees. The main aim to introducing this banking system is to make sure that all the post offices and the employees provide all the banking facilities to the families at their door steps all around the country.

Starting in 2018 the postal bank till now has acquired a customer base of up to 2 crore and is still trying to attract the customers. The exact number of employees working for the Indian postal payments bank is just 3 lakh but doing their best to render the customers full service. Headquartered in New Delhi the Indian postal payment bank operates at all corners in the country.

As all of us Indians know that postal is being run by the central government of India and so there is thought of risk when people deposit their huge amounts into the bank.

The Indian postal payment bank offers various services like loans, mutual funds, insurance, transfers and many more.

In this article let’s have a look at the process to open Indian postal payment bank account online from your own phone.

Open IPPB (Indian Postal Payment Bank) Account Online

All you will do is to download the Indian postal bank application from the play store (or) You can also download from the official site i.e., https://www.ippbonline.com/web/ippb/digital-saving-accounts

IPPB Account open online — Open IPPB Account Online

Click on the above link, then it will directly open to the official site of IPPB. Now, you can see the ‘Download App’ on the top right corner on the screen. If you click on it, IPPB App will be downloaded directly on your mobile phone.
Once you download the application you will be required to sign up to the postal bank account by providing your mobile number and your PAN Number.
You will receive an OTP to your mobile number that you have provided earlier, enter the OTP and click continue.
A page will open in the screen which will ask you to enter your Aadhar card details, you will be required to reenter your Aadhar number once again and then click submit.
You will receive one more OTP to your Aadhar registered mobile number. Enter the OTP and click submit.
Then you will be supposed to enter various details like your personal details, your address information and nominee details and other additional information like your marital status, your annual income, your professional and some other information. Provide all your data and then click submit.
In the last step of verification you will be asked to provide your name of the bank that is linked to your Aadhar and to which the government subsidy is linked to. Enter the details and click submit.
A preview appears before you and go through the preview properly and click on submit if all the details you have provided were correct up to your knowledge.
Then one more OTP will come to your phone for final confirmation. Enter the OTP and now you have successfully opened the Indian postal payment bank account online and make transactions.

Hope you have got all the required information and keep following the page for more updates on the Indian postal payment bank account.