India
activeNeobank
- HQ
- Gurugram
- Fee
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India Post Payments Bank
RBI payments bank. DICGC. India Post. Doorstep banking. Not a wallet, not a universal bank.
Legal entity: India Post Payments Bank Limited
Rate this app
6.5Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Payments bank — India Post Payments Bank Limited (Reserve Bank of India). Still read the entity on the statement.
If it fails?
India Post Payments Bank Limited is an RBI payments bank. IPPB’s own footer links DICGC Deposit Insurance. DICGC lists India Post Payments Bank Limited. Eligible deposits follow DICGC up to Rs 5 lakh per depositor per bank. Payments-bank end-of-day balance limits still apply — IPPB’s deposit policy restates RBI’s cap. Doorstep banking is distribution, not a second licence.
Salary?
Payments-bank limits apply. Many payrolls still want a commercial bank. Confirm.
Open from abroad?
Indian KYC. Doorstep assisted onboarding exists.
Monthly fee
Confirm live Rates & Charges
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
6.5
/10 · Mixed
India Post Payments Bank Limited is the Department of Posts’ RBI payments bank. The footer on ippbonline.bank.in links DICGC Deposit Insurance; DICGC lists the legal name. Eligible deposits follow DICGC up to Rs 5 lakh per depositor per bank. Payments-bank rules still cap the end-of-day balance — read IPPB’s deposit policy. Doorstep banking, POSA linkage with Post Office savings, DBT and bill pay are the product. Airtel and Fino are the private payments-bank peers. Fi is a partner-bank current account. IPPB is a public payments bank with a postman. Use it for inclusion rails. Do not expect a neobank card.
What it is
The largest distribution network in Indian finance, sitting on a payments-bank licence. Directories under-index it because there is no metal card. The licence does not care.
Best for: Indian residents who want a payments bank that actually shows up at the door, not a metal-card app.
Last checked 2026-09-03. Not advice.
What it does well
- +Named RBI payments bank
- +DICGC linked on the operator footer
- +India Post distribution
- +POSA linkage is a real SKU
What to watch
- −Payments-bank deposit-size limit
- −App is not Jupiter
- −Not a lender
- −Doorstep is slow by design
Legal entity, not the app icon
Who is behind it
- Legal name
- India Post Payments Bank Limited
- Parent
- Government of India / Department of Posts
The product, not the brand colour
The account
- Platforms
- iOS · Android · doorstep / post office
- Account types
- Regular / DigiSmart / basic savings · current · SHG
- Partner bank
- India Post Payments Bank Limited
- Availability
- India
- Remote open
- Indian KYC. Doorstep assisted onboarding exists.
- Onboarding
- IPPB app, post office, or doorstep via postman/GDS.
- KYC documents
- Aadhaar / PAN as asked. Assisted KYC is the inclusion path.
- Salary / payroll
- Payments-bank limits apply. Many payrolls still want a commercial bank. Confirm.
- Local rails
- UPI / IMPS / NEFT / DBT
How money actually moves
- Who holds the cash
- Insured bank deposit
- How money moves
- UPI / INR
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual
Licence first
Safety
India Post Payments Bank Limited is an RBI payments bank. IPPB’s own footer links DICGC Deposit Insurance. DICGC lists India Post Payments Bank Limited. Eligible deposits follow DICGC up to Rs 5 lakh per depositor per bank. Payments-bank end-of-day balance limits still apply — IPPB’s deposit policy restates RBI’s cap. Doorstep banking is distribution, not a second licence.
Holder / issuer: India Post Payments Bank Limited
- Reserve Bank of IndiaPayments bank — India Post Payments Bank Limited · India
Fees
- Monthly
- Confirm live Rates & Charges
- FX markup
- Not a travel product
- ATM
- Confirm live
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- –Apple Pay
- –Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- RBI payments bank
- DICGC
- Doorstep banking via postmen/GDS
- POSA linkage with Post Office savings
- DBT / bills / remittances
Before you tap Sign up
How to open
Step 1
Name the bank
India Post Payments Bank Limited. RBI payments bank. DICGC.
Step 2
App, counter, or doorstep
Postmen/GDS can onboard. That is the product.
Step 3
Read the payments-bank cap
End-of-day limit is in the deposit policy. DICGC is a separate Rs 5 lakh scheme.
Official help: ippbonline.bank.in/
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 7.8
- Fees20%
- 7.4
- Features15%
- 7.2
- App15%
- 6.8
- Global15%
- 2.0
- Support10%
- 7.2
Change log
Full logSafety
India Post Payments Bank Limited — DICGC linked on the operator footer
RBI payments bank. Doorstep banking is distribution. Payments-bank end-of-day limits still apply.
Available in
Straight answers
FAQ
01Is India Post Payments Bank a bank?
India Post Payments Bank holds a banking-style licence (Reserve Bank of India). Still read the legal entity on the statement, not the app icon.
02How is money protected?
India Post Payments Bank Limited is an RBI payments bank. IPPB’s own footer links DICGC Deposit Insurance. DICGC lists India Post Payments Bank Limited. Eligible deposits follow DICGC up to Rs 5 lakh per depositor per bank. Payments-bank end-of-day balance limits still apply — IPPB’s deposit policy restates RBI’s cap. Doorstep banking is distribution, not a second licence.
03Where is India Post Payments Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with India Post Payments Bank.
04Card and wallets?
visa · physical · virtual
05Can I open India Post Payments Bank remotely?
Indian KYC. Doorstep assisted onboarding exists.
06What is the legal name behind India Post Payments Bank?
India Post Payments Bank Limited. Read the entity on the statement, not the app icon.
07Can I receive salary on India Post Payments Bank?
Payments-bank limits apply. Many payrolls still want a commercial bank. Confirm.
08What documents does India Post Payments Bank ask for?
Aadhaar / PAN as asked. Assisted KYC is the inclusion path.
09Is IPPB a Post Office savings account?
No. IPPB is a separate RBI payments bank. POSA linkage is a product that connects the two. Read which number you actually hold.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
Alternatives
Full alternatives page
Fino Payments Bank
RBI payments bank. DICGC. Navi Mumbai. Merchant-plus-app. Not a universal bank.
6.5Mixed
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