Is IPPB a PSU?

On 17 August 2016, it was registered as a public limited government company for setting up a payments bank. IPPB is operating with the Department of Posts under Ministry of Communications.

What is IPPB job?

IPPB (India Post Payments Bank) is an undertaking of the Department of Posts, Govt. of India. The recruitment notice for 2022 will be released in the upcoming months by India Post Payments Bank. Recruitment for posts like Managers, Assistants and Territory officers is done as per requirement through this exam.

Is IPPB app safe?

DakPay UPI by IPPB is a safe, easy and reliable payments app that allows you to use BHIM UPI to make payments using your mobile phone. Using the DakPay UPI App, you can make instant money transfers with UPI and make instant payments at your favorite offline and online stores.

How safe is IPPB?

Another key feature if the IPPB is that it comes with QR Card with a unique QR code — which the government claims to be safer than ATM cards. The transactions using the card will be authenticated using the account holder’s biometrics and not via four digit pin codes.

What is interest rate in IPPB?

2.50\%
Service Charges / Fees for Digital Savings Account

Eligibility	Anybody above 18 years with KYC
Annual Interest Rate	2.50\% (Applicable from 1st of July 2021)
Interest Payment	Quarterly
SMS Alerts	INR 10 Quarterly
Account Statement	Free Monthly e-statement*

Is IPPB private bank?

INDIA POST PAYMENTS BANK LIMITED, a public limited company wholly owned by the Government of India through Department of Post under Ministry of Communication and set up under the Companies Act, 2013, and the Banking Regulation Act, 1949 as a Payments Bank under the Department of Posts and in line with relevant …