Indian Post Payment Bank

Reserve bank of India has allotted IFSC codes to all the bank branches in India to easily identify the transactions which are done through a particular branch. IFSC codes are unique 11 digits codes with alphabetic and numeric characters, which are given to all bank branches, and the code won't repeat. It is mandatory to enter IFSC code or MICR codes to identify the branches to perform the cash transactions, without this code the bank branches can't transfer the funds.

These codes helps the users to ensure that the transferred funds receives to the rightful person without any error or concern.

The IFSC code for INDIAN POST PAYMENT BANK which is located in Post office, speed post centre building, market road, New Delhi, central Delhi, Delhi 110001, is IPOS0000001

This IFSC code can be used for online money transaction via NEFT, RTGS and IMPS to any INDIAN POST PAYMENT BANK account or to any other bank accounts, Here the first 4 alphabets IPOS indicates the bank name, The fifth digit is 0 [zero] for future use, The last 6 digits indicates 000001 the particular branch of INDIAN POST PAYMENT BANK which is located in Post office, speed post centre building, market road, New Delhi, central Delhi, Delhi 110001.

IFSC code whose full form is Indian Financial System Code used for online payment applications like RTGS which is Real Time Gross Settlement, NEFT which is National Electronic Funds Transfer, IPM, from one bank to another through IMPS which is electronic Instant Mobile Money transfer Service and CFMS which is Centralized Funds Management System instructed by RBI.

RBI has allotted IFSC codes to all banks in India to find out the branches when money transfer takes place. According to RBI guidelines the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India, with the help of IFSC codes and MICR codes the online funds transaction are made easily without any confusion. This codes helps to avoid risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches to the rightful account holder at the specified branch.

Easy way to find INDIAN POST PAYMENT BANK'S IFSC code and MICR code?

If the customer knows the full name of the bank and its branch location then it is easy to find the IFSC and MICR code, the customer can find the codes in the passbook and cheque books of the specified bank which is printed on the passbook, or the website of RBI also offers the entire list of IFSC codes required for the account holder. Some third party website also shows the IFSC codes in their websites.

Some of the popular financial comparison sites display the table carrying IFSC codes for Bank of Baroda's branches throughout the India. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page where 4 columns are displayed. Customers must feed some bank details like the state -> district -> branch -> to get the IFSC codes or MICR codes for INDIAN POST PAYMENT BANK. The website displays all details about the bank such as the phone number, address, of the branch, name, branch code, etc...

India Post Payment Bank Branch Details

• Delhi

BANK DETAILS:

INDIAN POST PAYMENT BANK was established on 1st September 2018, but before it was founded as a financing bank, India post received its licence to work as a payments bank from RBI on 19th August 2015, and later on 2016 it was registered as a public limited government company to work as a payment bank. Indian Post Payment Bank has roped over Ten thousand Post mens into the first phase, and by September 2020 Indian Post Payment Bank got the total of 3.5crores customers.

Indian Post Payment Bank has a total of 650 branches around the country, and they also state their functioning in 3250 post offices across the nation, which is quite impeccable and unique. India Post Payments bank has replaced their ATM cards with some QR code cards, the card that we receive from the post payments bank cannot be used ATM's or as a ATM cards, but still we can able to withdraw cash and make transactions too.

Services offered by the Indian Post Payment Bank:-

• The bank offers up to a balance of 1lakh for savings and current accounts.
• customers can use QR code payment methods which helps them by not remembering their account numbers or PIN's or Passwords.
• Immediate payment service
• Unified Payment Interface
• NEFT
• RTGS
• Bharath Bill Payments
• Direct bill Transfer

The total asset value of Indian Post payment Bank is 16,45,26,68,540 rupees, which is 220983523.91 U.S. dollars$.

For further details contact or write to Indian Post Payments bank;
ADDRESS:
India Post Payments Bank Ltd.,
Corporate Office, 2nd Floor,
Speed Post Centre, Bhai Veer Singh Marg, Market Road,
New Delhi-110001.
Contact: 011-23362148.
E-Mail: contact@ippbonline.in