The facility will be available to all savings account holders of core banking solutions (CBS)- enabled post offices.
India Post has launched a new mobile app to facilitate easier transactions for customers. The app is available on Google Play Store.
Customers can use it to make deposits into their PPF accounts and other schemes without having to visit the post office in person.
The Department of Post announced the app launch via a circular on October 14. The facility will be available to all savings account holders of core banking solutions (CBS)- enabled post offices.
To avail the facility, a customer is also required to have a valid login ID and internet banking credentials. The department launched the internet banking facility for its customers about a year ago.
To activate the India Post mobile banking app, you need to press the 'Activate Mobile Banking' option. There, you will have to enter your security credentials provided to the Department of Post.Following this, you will receive a one-time password (OTP) to your registered mobile number. After the verification, customers will be asked to enter a 4-digit MPIN, which will be required along with the username every time you login to the mobile banking app.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.