INDIA POST PAYMENTS BANK New Changes
- POSB Linkage can be done only using Biometric authentication. OTP mode is disabled.
- Sweep-in limit is restricted to Rs.50000 till 3days from the end of 3days cooling period of IPPB-POSA linkage
- For newly opened IPPB account, only 10transactions(NEFT/RTGS/IMPS/Cash withdrawal) permitted per month for the initial 3 months. No restriction for UPI, Bill Payments & IPPB Funds trf.
- Mobile number can be modified only 1time in a quarter and maximum 3 times in a year. After Mobile number update, Customer cannot use Mobile Banking for 24hrs.
- Mobile number linked to a closed account can be registered to an existing acct/to open a new account aftr 15days of closure
- Dormant acct customers can access MB with only view rights.
- In MB, now customer can verify IPPB account while beneficiary addition or for already added beneficiaries.
