Sukanya Samriddhi, RD and PPF account of post office can deposit money online, know step by step process
New Delhi, India Post pays higher interest on many types of FDs and other savings schemes than many major banks. Also, investment in almost all its savings schemes is exempt under Section 80 (c) of the Income Tax Act. This is the reason why people invest largely in post office savings schemes. The Department of Posts offers nine types of savings schemes including Reckering Deposit (RD), Public Provident Fund (PPF), Sukanya Samriddhi Yojana.
After investing in these post office schemes, you do not have to go to the branch every time to submit an installment. You only need to visit the post office once to invest in these schemes. After this, you can manage everything online. This has been made possible with the help of India Post Payment Banks.
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Through IPPB you can transfer the monthly investment amount of RD to your RD account. Even the premiums of Sukanya Samriddhi and PPF accounts can be deposited online. Let us know how online premium can be deposited after investing in these schemes.
Step 1. First of all add money from your bank account to IPPB account.
Step 2. Next go to the DOP Products section. Here you can choose either RD, PPF or Sukanya Samriddhi.
Step 3. If you want to deposit money in PPF account, then click on Provident Fund.
Step 4. Now enter your PPF account number and DOP customer ID.
Step 5. Now enter the amount you want to deposit in the account and click on ‘Pay’.
Step 6. Now IPPB will inform you about the successful payment.
Step 7. You can also deposit money in Sukanya Samriddhi account through this app. For this type your SSY account number and then enter the DoP Customer ID.
Step 8. After this you write the installment period and the amount.
Step 9. You can choose any one of the various investment options of India Post and make regular payments through IPPB Basic Savings Account.
Step 10. IPPB will notify in case of successful transaction.
