How to Open India Post Office Savings Zero Balance Account Online at Home

A lot of people apply zero balance accounts because they are aware their account might be empty at any time. If you’re also seeking for an optimal zero balance account bank, then this is the ideal post to assist you in process your first india post office zero balance saving account in minutes.

Apart from this, there are many banks in India offering zero maintenance accounts, including IPPB (India Post Office Digital Bank), SBI BSBDA, ICICI Bank Zero Balance Savings Account, and DBS Zero Balance Account.

Today, India is progressing rapidly in banking sectors in which the facilities of digital payments and daily online transactions have also increased. According to India Brand Equity Foundation, the Indian fintech industry could reach Rs 150 billion by 2025.

This is possible only because today every person has a mobile in his hand and through that mobile he is able to easily avail all his financial facilities in just a few seconds. Compared to last few years, people above 18 years of age in India have more than two savings accounts and applications for making multiple payments.

It is not necessary that you should have two accounts, because if you have a zero balance account then you can use it for your regular transactions, according to the RBI guidelines, small saving account also has some limits which we will discuss in this article briefly.

Why we choose IPPB bank for Zero Balance?

With an annual interest rate of 2%, India Post Office Bank allows me to conduct financial operations with comfort. I can make transactions up to Rs 1 lakh (yearly) with a zero maintenance balance, just like a normal bank. You are also given a virtual debit card to use for online transactions, and the best part is that it provides doorstep service for an affordable price.

How to Open IPPB (India Post Payment Bank) Account online

India Post Office Savings Account Open onlnie

Now you can open your zero balance account in India Post Office Bank in two ways, online and offline (by visiting the branch). Both the methods of opening an account are very easy. If you do not like to go to the branch, then you can easily open a zero balance account sitting at home through their application.

IPPB Open account like this through mobile app:

  1. First got to play store and download the IPPB Mobile banking app,
  2. Click on “Open Your Account Now“,
  3. Select “Digital Saving Account” in Products,
  4. Fill the basic information like Mobile number, PAN card and click on continue.
  5. Now enter your Aadhaar number and click on submit
  6. Authenticate with OTP,
  7. Account opening form will open, fill the required information carefully.
  8. Finally, confirm the information further by entering OTP, you will get your post office account number and customer ID, the account has been created successfully.

6 easy steps for post office savings account online opening process at home:

How to Use Digital/Saving Account in IPPB Mobile App

Just like other indian banking apps, IPPB Mobile app is very easy to use, without any third party payments apps, you can directly avail many facilities including UPI transactions, NEFT, IMPS and bill payments.

To use it, you will have to set a four-number MPIN in the IPPB Mobile banking app, and after logging in, you will be able to easily take advantage of all the features.

  • First open the IPPB mobile app,
  • Enter your 4 digit MPIN,
  • Enable device location,
  • Now you can check your balance by clicking on the eye icon,
  • You can see your recent transactions by clicking on mini statement in ippb.

Fund transfer

Under Fund Transfer, you can transfer your funds in many ways in which the options of Wintin IPPB, Other Bank, and More will be visible.

The best thing about this mobile application is that you can send money to any account of Sukanya Samriddhi Yojana.

Benefits of UPI Services

In this you have to see the facility to send money, request money, and manage UPI. This app also allows you to raise a complaint on your UPI transaction, if you have sent money on a wrong UPI, then you can raise a complaint with the help of this option and inform the bank.

Bill payment

BillDesk provides you the facility to make online payments in which payment for mobile prepaid, electricity, mutual fund, credit card, insurance etc. can be done through this application.

Always Keep in mind, When you enable your location before logging in to IPPB Mobile App.

India Post office Savings Schemes

Ministry of Communication & Technology runs more than 10 post office saving schemes, in which new interest rates are provided every year. From Senior Citizen to Sukanya Samriddhi, many benefit schemes are active in the post office, the benefits of which can be easily availed by every eligible citizen of India.

India Post office savings account interest rate in 2024

Name of SchemeCurrent Interest rate
Sukanya Samriddhi Account (SSA)​8.2​​​% per annum
Public Provident Fund Account (PPF )​7.1% per annum
Senior Citizens Savings Scheme Account (SCSS)​8.2% per annum
​National Savings Monthly Income ​Account (MIS)7​.4​ % per annum
​National Savings Time Deposit Account (TD) – 5yr A/c7.5% at maturity
National Savings Recurring Deposit Account(RD)​​6.7​% per annum
Post Office Savings Account (SB)​​​​4.0% per annum
National Savings Certificates (VIIIth Issue) (NSC)7.7% at maturity
Kisan Vikas Patra (KVP)7.5% compounded annually
​Mahila Samman Savings Certificate7.5% per annum.


India Post Office provides your bank account with zero balance, with this you can easily avail the benefits of many post office schemes online, if you do not like to visit the bank again and again, then you can open a zero balance account sitting at home. IPPB Mobile is the banking app of India Post Office which can be availed by every citizen of India above 18 years of age.


Post Office provides the facility to open four types of savings account accounts,

  1. Premium Savings Account
  2. Regular Savings Account
  3. Digital Savings Account
  4. Basic Savings Account

Apart from this, you can also open current account for shops and small businesses in India Post Office.

Generally, in this type of account you can deposit up to ₹ 1,00,000 annually in which 2% interest rate is given.