India Post Payment Bank (IPPB) IFSC Code List for all Branch
Just like any other bank branch where an IFSC code is mandatory for online transactions such as RTGS, IMPS, and NEFT, the India Post Payment Bank (IPPB) also requires an IFSC code for facilitating online transactions.
IPPB bank has recently reported a substantial milestone, with over 3.6 Crore customers actively utilizing its services nationwide. This significant customer base underscores the considerable reach and impact of IPPB, solidifying its position as one of the largest banks operating in India under the auspices of the Government of India. This achievement highlights the widespread adoption of IPPB's services and its substantial contribution to the banking sector across the country.
IFSC Code of India Post Payments Bank
Every branch of India Post Payments Bank in India is assigned a unique IFSC Code. This code plays a vital role in facilitating electronic money transfers for India Post Payments Bank account holders. It's provided by the RBI (Reserve Bank of India) to streamline RTGS and NEFT transactions across branches.
Benefits of IFSC Code
1. Unique Identification: The IFSC code serves as a distinctive identifier for all banks and their individual branches. This ensures clarity and accuracy in transactions.
2. Smooth Fund Transfer: With the IFSC code, transferring funds between bank accounts becomes seamless and hassle-free. It simplifies the process for account holders.
3. Monitoring Transactions: RBI utilizes the IFSC code to monitor and track all bank transactions effectively. This oversight helps in minimizing errors and discrepancies in the system.
Here are some key banking services accessible to both POSB and IPPB customers:
Notably, IPPB has introduced additional services such as Virtual debit cards and UPI (Unified Payments Interface). The IPPB team has developed a dedicated UPI android application called "Dak Pay UPI App by IPPB," allowing users to add accounts from all banks, including their IPPB account, for seamless transactions. This reflects the bank's commitment to offering a comprehensive and user-centric suite of banking solutions.
IPPB IFSC Code |