How To Transfer Money From Post Office Account To Bank?
Friends, today we are going to tell you that if your savings account, PPF or other schemes money is in the post office account and if you want to transfer your amount to any bank account, then how can you do it? Many people have this question: how can we transfer money from the post office account to the bank account? If you want to know the answer to this question then you have came to the right place, let us tell you that it is easy to transfer your money to any bank account.
The Indian Post Office allows you to do this through Internet Banking, Mobile Banking, and you can also open a digital account at your Post Office from your mobile phone through the IPPB (Indian post payment bank) application, through which you can easily transfer your money to any bank account by sitting at home. What is the whole process to transfer the money to bank account. How can you do this and what are the ways you can transfer money from post office account to bank account? Let us know here, and also what to do if you have already created your IPPB account.
IPPB (Indian Post Payment Bank Account)?
Friends, earlier we had to go to the post office to deposit, withdraw, check balance and send money to post office. And everyone knows that for PPF money, Sukanya Samriddhi etc., we had to go to the post office and where in line used to take a long time. Now the Government of India has digitized it by connecting the post office of India with modernity, for this the government has approved to link the savings accounts with the IPPB account. Because people who have a savings account at the post office will be able to transfer their money online, they can easily get the benefit of digital banking, and save their time, it was initiated by Prime Minister Narendra Modi on September 1, 2018.
All the transactions of this account are under the supervision of RBI, you can open this account in two ways.
First method: you have to go to the post office and do some paperwork, after that you can do all kinds of transactions from your mobile phone . You will not have to pay any type of charge to open it, it is a 0 balance account.
By this method, you can get network banking, mobile banking, SMS banking and missed call banking facilities. You can pay any type of bill, you can also transfer money to any bank account through IMPS, NEFT, RTGS. And you can also deposit money from your bank account to post office account through net banking, NEFT and UPI.
Second method: How to transfer money from IPPB app account?
Download IPPB application from play store and create your account on it then OTP will be sent to your registered mobile number. After entering the OTP in the app, you will be asked to enter Aadhaar number, date of birth, mobile number must be registered and then you need to enter your M Pin accordingly and register it, though which you will get registered in the app and an account number will be sent to you.
By doing this, you will not have to enter the above details over and over again to open this app. After this you will need to link your savings account with your IPPB account. After doing this you need to transfer the money from your post office savings account to your IPPB account, and then you can transfer it to any bank account or whoever you want to sent the money. With the help of the application, you will be able to transfer money.
Required for the transaction?
- It is necessary to do KYC of your IPPB (Indian Postpaid Bank) app account, you can do it from home or by visiting the post office.
- After linking your IPPB account with POSB, you will be able to transfer money.
- The bank account in which you want to transfer the money must be linked to any UPI.
- Get your mobile number linked to your account.
Send money?
- Open the IPPB app.
- Login to the post office account.
- Now, here from the side menu select the Fund Transfer option.
- Then, enter the details about the bank account to which the money to be transferred, such as account number, IFSC code, name of the account holder and add the account.
- Now enter the amount you want to send.
- Now click on the send button and send the money to the bank.
Conclusion
Friends, if you have already created your account in Indian Post Payment Bank app, by linking your KYC and savings account, you can transfer money from post office account to bank account with the help of this app. Along with this, you can easily pay your bills and do all other transactions with this app. I hope you have found this article valuable, if you have any questions or suggestions regarding this article, you can comment to us below.
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