Quick Answer: How Do I Transfer Money From My Post Office Account To Bank Account?

How can I check my post office account online?

More From Our PartnersSteps to download post office savings account statement.(a) Using Internet Banking.

Step 1: Login to your India Post Internet Banking on the website https://ebanking.indiapost.gov.in/ …

(b) Using Mobile Banking.

Points to Note..

How do I transfer money from my post office account online?

1) Add money from your bank account to your IPPB account. 2) Go to DOP services. 3) From there you can choose product- Recurring Deposit, Public Provident Fund, Sukanya Samridhi Account, Loan against Recurring Deposit. 5) Enter your PPF Account Number and DOP Customer ID.

Can I deposit cash at Post Office?

If you can get to a post office, you can just pop in and: Withdraw cash from your usual bank account using your card. Pay cash into your usual bank account using a card or paying-in slip. … Deposit a cheque using a paying-in slip (though Nationwide customers can’t do this)

Are post office deposits safe?

So, Post Office deposits are safer than FDs, although RBI and the government will take all possible measures to prevent a PSU bank from getting bankrupt. … So, for FDs or time deposits of less than 5 years, there will be no tax deductions. Tax-free interests: Interest earned on PPF and SSY are only tax free.

Can we transfer money from post office to bank account?

The finance ministry has approved linking of savings bank accounts at post offices with IPPB accounts. This will enable post office account holders to transfer money from their account to any bank accounts.

Does post office account have IFSC code?

IFSC code for India Post Payments Bank India Post Payments Bank IFSC code can be used by both the National Electronic Fund Transfer and Real Time Gross Settlement finance transfer systems. IPPB NEFT, RTGS and IMPS codes are provided by RBI. … Please NOTE that not all branches of a bank provide net banking facility.

What are the benefits of post office account?

4. Benefits of Post office savings accountA post office savings account requires a minimum balance of Rs. … The cash can be withdrawn either partly or completely if need be.The risk exposure is very less to the account holders because they can avail an assured return on all the investments.More items…•

How long does it take to transfer money from a post office account to a bank account?

Deposits made by transfer from an eligible Post Office Money savings account are available for withdrawal immediately. How long does it take for withdrawals from my Post Office Money Online Saver to reach my linked current account? It normally takes 1 business day for withdrawals to reach your linked current account.

Which account is best in post office?

Sukanya Samriddhi AccountInstrumentInterest rate (%) from 01.07.2020Min amt (Rs)Senior Citizen Saving Scheme7.401000Sukanya Samriddhi Account7.60250Public Provident Fund7.105005 Yr NSC – VIII Issue6.8010006 more rows•5 days ago

How do I activate my post office mobile banking?

Process to register for IPPB’s mobile banking (existing customers) Get benefits of our mobile banking facility by linking your registered mobile number with your IPPB account, opened at the Post Office/ through our Postman/ GDS at your doorstep. Step 2: Enter the details mentioned below: Account number.

How do I activate my post office internet banking?

​Open the DOP Internet banking page using the URL mentioned in the SMS and use the hyperlink “New User Activation”. Fill the necessary details and configure your Internet Banking login password and transaction password. Now login and configure security questions and answers along with passphrase.

How do I withdraw money from my post office savings account?

You can withdraw your saved money entirely or partly. You can transfer your Post office account from any post office to another in any location. You will be given a passbook along with ATM/Debit card to get access on your money anytime anywhere.

How much money can be deposit in post office?

Single account holders can deposit a maximum of Rs one lakh while joint account holders can deposit a maximum of Rs two lakhs. One of the main features of a Post Office savings account is that there is no lock-in or maturity period.

Is money safe in post office?

Government-backed schemes like post office saving schemes and bank fixed deposits are safe and they also offer assured returns. However, the trouble with them is that they offer only modest returns. Often the post-tax returns fail to beat inflation. When that happens over a long period, your money loses its value.