New Delhi: India Post allows investors to put their money into several savings programs such as Recurring Deposit, Public Provident Fund (PPF), and Sukanya Samriddhi program, among others. If you are an investor in any of these programs, you can now invest your money online through an India Post Payments Bank savings account.
India Post Payments Bank or IPPB allows customers to open their bank accounts. If you transfer funds to an IPPB account, you can pay the premiums directly for any of the nine programs offered by mail.
Some of the more popular programs offered by the mail are the recurring deposit, the PPF, and the Sukanya Samriddhi program, among others. Investors can also avail tax benefits under Section 80 C of the Income Tax Act against their investments in some of the popular savings programs offered by mail. The interest rate offered in each plan differs accordingly.
To open an account in the small savings plans of the Post, you must go to a branch of the Post nearby. Even to pay the down payments, investors are required to pay a little visit to the center. But with an IPPB account, you can now invest in the programs entirely online.
Here’s how to invest money online in Swiss Post’s small savings plans via an IPPB account:
Step 1: First of all, you need to add money to your IPPB bank account. You can transfer money online from other bank accounts to IPPB bank account to make payment.
Step 2: Open the online banking portal of your IPPB bank account. Now go to the DOP Products section.
Step 3: Select the investment account you want to invest in. There will be options such as PPF or Sukankya Samridhi.
Step 4: Enter your PPF / Sukankya Samridhi account number and DOP client ID.
Step 5: Select the installment account to pay the premium entirely online,
New Delhi: India Post allows investors to put their money into several savings programs such as Recurring Deposit, Public Provident Fund (PPF), and Sukanya Samriddhi program, among others. If you are an investor in any of these programs, you can now invest your money online through an India Post Payments Bank savings account.
India Post Payments Bank or IPPB allows customers to open their bank accounts. If you transfer funds to an IPPB account, you can pay the premiums directly for any of the nine programs offered by mail.
Some of the more popular programs offered by the mail are the recurring deposit, the PPF, and the Sukanya Samriddhi program, among others. Investors can also avail tax benefits under Section 80 C of the Income Tax Act against their investments in some of the popular savings programs offered by mail. The interest rate offered in each plan differs accordingly.
To open an account in the small savings plans of the Post, you must go to a branch of the Post nearby. Even to pay the down payments, investors are required to pay a little visit to the center. But with an IPPB account, you can now invest in the programs entirely online.
Here’s how to invest money online in Swiss Post’s small savings plans via an IPPB account:
Step 1: First of all, you need to add money to your IPPB bank account. You can transfer money online from other bank accounts to IPPB bank account to make payment.
Step 2: Open the online banking portal of your IPPB bank account. Now go to the DOP Products section.
Step 3: Select the investment account you want to invest in. There will be options such as PPF or Sukankya Samridhi.
Step 4: Enter your PPF / Sukankya Samridhi account number and DOP client ID.
Step 5: Select the installment account to pay the premium entirely online,
Step 5: You will receive notification from IPPB once payment is successful. Also Read: Property Still Dominates Roost As Popular Investment Option During COVID Era: Investigation
Step 5: You will receive notification from IPPB once payment is successful. Also Read: Register Your Cell Phone Number, Email The Bank For Instant Alerts On Account Transactions, RBI Advises
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