Online Payment In Post Office PPF Account : Post Office Public Provident Fund is one of the popular tax-free and risk-free savings instruments. Investment in PPF gives returns on 7.1% from 1st April. Which is 80 basis points lower than the 7.9% interest rate paid in the January-March quarter. The central government has cut interest rates on small savings schemes by 70 to 140 basis points for the year 2020 during the April-June quarter.
Online Payment In Post Office PPF Account
Post office (India Post) account holders can deposit money online through the India Post Payment Bank app. So, in this time of corona virus when everyone is following social distancing! Post Office PPF account holders can deposit money in their PPF account through the user friendly platform of IPPB which helps in smooth conduct of transactions.
PPF accounts can be opened in the post office in one go. After that, now the post office PPF account holder need not visit the home post office branch to deposit money in his PPF account. He can deposit money in PPF (Public Provident Fund) online. But, for this, PPF account holders will have to download the India Post Payments Bank app on their Android phone or smartphone.
What are the Latest PPF Interest Rates (Online Payment In Post Office PPF Account)
The interest rates of Public Provident Fund or PPF and other small savings schemes remain unchanged for the January to March quarter. The government revises the interest rates of small savings schemes on a quarterly basis. Public Provident Fund (PPF) matures in 15 years, gets 7.1%! And a minimum deposit of Rs 500 per year is required to keep the account active.
How to transfer money to your post office PPF account through IPPB
- Add money from your bank account to IPPB account
- Go to DOP Products and select PPF
- Enter your PPF account number and then DOP customer ID
- Select installment term and amount
- For successful payment transfer done through IPPB Mobile Application, IPPB will notify you.
So how to open post office PPF account
To open a PPF account, you just need to visit the post office once. And then you can manage everything online with India Post Payment Bank App!
how to deposit money online in post office ppf account
PPF account holders can transfer money online from their bank account to Post Office PPF account through India Post Payments Bank app.
What is digital payment app ‘Duckpay’
The government launched the Postalpay digital payment app last month. Post Office and IPPB customers can also use this app. Postpay provides digital financial and allied banking services provided by India Post and IPPB. Send money, scan QR codes and make digital payments for services and merchants through the Postalpay Digital Payment App! Seeing the benefit of PPF (Public Provident Fund), you can take it in any post office.
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