Short notes on IPPB ! MCQ on IPPB(India Post Payments Bank)


India Post Payments Bank presents banking with a difference which aims to provide simple, inclusive, convenient and efficient banking system to the nation. IPPB’s economic and premium technology setup for payment and settlements provides the masses with affordable solutions delivered to the last mile.


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Products available in IPPB

1. Saving Account

2. Current Account

1.Saving Account

There are three category in Saving Account

i)  Digital Savings Account  :: account can be opened instantly from home, which means banking anytime, anywhere.But KYC formalities can be done by visiting any of the access points or with the help of the GDS/Postman within 12 months from the date of opening. Account can be opened with ZERO balance.

ii)  Regular Savings Account :: Account can be opened at the bank’s access points and your doorstep. Account can be opened with ZERO balance. Interest rate of 2.75% p.a.  paid quarterly. No commitment of minimum balance and no monthly average balance required to be maintained.

iii) Basic Savings Account :: All features of Regular account apply to Basic account except in limit of withdrawals. Basic Saving Account allows only four withdrawal in a month.  

2. Current Account

It offer the facility to small merchants/ kirana stores and individual businessmen. The current account can be opened at the Post Office Counters or at your doorstep through our Postman/GDS with ZERO balance. Nominal monthly average balance required to be maintained. Unlimited cash deposits and withdrawals. There is scheduled charges for transactions. 


Services available in IPPB(India Post Payments Bank)


Mobile Banking

By linking your registered mobile number with  IPPB account Mobile banking can be enabled.

3 mandatory input required

  • Account number
  • Customer ID (CIF) and DOB
  • Registered mobile number
  • Mobile banking User ID will be MPIN.



you can also read TOPIC WISE MCQ for Postal Examination

  • SMS Banking (Not enabled)
  • Missed Call Banking (Not enabled)
  • Phone Banking/IVR Banking (Not enabled)


Digital Life Certificate for Pensioner

Digital Life Certificate (Jeevan Pramaan) is a biometric enabled digital service for pensioners. Pensioners of central or state government, Employees’ Provident Fund Organisation or any other government organization whose pension disbursing agency is live for DLC can take benefit of this facility. A nominal fee of Rs. 70 (inclusive of GST/ CESS) will be charged.



Domestic Money Transfer

India Post Payments Bank (IPPB) has already made Money Transfer products like IMPS, assisted UPI, NEFT, RTGS available for IPPB customers and interoperable AePS for non-customers.

Doorstep Banking

IPPB gives you the opportunity to enjoy banking facilities at your home with Doorstep banking services. IPPB wide network of post offices and postal employees will make banking accessible to the remotest corners of the nation. Can open a bank account, transfer funds, deposit and withdraw cash, recharge or pay bills and accomplish much more with our Doorstep banking services, at nominal charges.

Bills Payments and Recharge

India Post Payments Bank (IPPB), give  access to multiple channels for easy, safe and quick payment of bills

  • At Post Office counters
  • Doorstep banking services
  • Mobile Banking App

can pay bills to all major billers and utility service providers in the following categories

  • Mobile and DTH recharge
  • Mobile postpaid, landline and broadband bill payments
  • Electricity, water and gas bill payments
  • Insurance premiums payment

Remittances & Fund Transfers

India Post Payments Bank (IPPB) customers can choose from a variety of payment options to transfer money to their family and relatives

  • Immediate Payment Service or IMPS
  • National Electronic Fund Transfer or NEFT
  • Real Time Gross Settlement or RTGS
  •  Aadhaar Enabled Payment System or AePS

Direct Benefit Transfers

The Direct Benefit Transfer (DBT) Scheme was launched in 2013 by the Government of India with an aim to reduce leakages by cutting out middlemen and transferring benefits/subsidies directly to the beneficiary’s bank account

DoP Product Payment

  • Sukanya Samriddhi Account
  • Public Provident Fund
  • Recurring Deposit Account
  • Loan Against Recurring Deposit


IPPB RuPay Virtual Debit Card

Debit cards are one of the most popular instruments these days for cashless transaction & already a prominent mode for payment adopted in India. With growing business of Ecommerce/ Online services in India, usage of debit card on ECOM/ Online merchant transactions are increasing significantly, day by day.

India Post Payments Bank (IPPB) presents RuPay Virtual Debit Card to promote Government of India’s digital payments mission and encouraging customers / merchants to shift towards digital payments mode.

  1.  IPPB help line number
  • 155299
  • 155229
  • 152999
  • 155999

     2 .    The following is not a product of IPPB

  • Regular Saving Account
  • Digital Saving Account
  • Basic Saving Account
  • Pension Account


3.  QR card will not be supplied

  • a)Regular Saving Account
  • b)Current account
  • c)Both account
  • d)None of the above


4.   Frequency on Interest Payout on Regular Saving account is

  • Monthly
  • Quarterly
  • Half-Yearly
  •      Yearly

5.    A digital Saving Account is subject to closure if the KYC is not submitted

  • a)Within a month from the date of account opening
  • b)Within 12 month from the date of account opening
  • c)Within 6 month from the date of account opening
  • d)Instantly

6.  Monthly average balance required to be maintained in

  • a)Regular Saving Account
  • b)Digital Saving Account
  • c)Basic Saving Account
  • d)Current Account


7.  The feature of automatic swipe out will happen when the amount

  • a)Reaches One lakh
  • b)Above One Lakh
  • c)In both case
  • d)None of these


8 .The following service is not offering by IPPB

  • a)Mobile Banking
  • b)SMS Banking
  • c)Missed-Cal Banking
  • d)None of the above


9. Which of the following cannot be possible through DOOR-STEP Banking

    • a)Regular Saving Account Opening
    • b)Account Closure
    • c)Deposit
    • d)Bill paymen


  • 10.  Payment to which DOP product can be possible through IPPB Mobile App
  • a)PPF
  • b)SCSS
  • c)MIS
  • d)NSC/KVP


  1. 155299
  2. Pension Account
  3. None of the above
  4. Quarterly
  5. Within 12 month from the date of account opening
  6. Current Account
  7. Above One Lakh
  8. None of the above
  9. Account Closure
  10. PPF

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