Post Office Internet Banking (DOP): How to register & features available

Last Updated on

After a long wait, the department of posts (DOP) has finally announced the India Post Internet Banking facility! This is a welcome move as it will allow users, especially senior citizens and their children to manage the account. This is a step by step user guide to register for the post office net banking facility and use it.

Since the facility is still new, it may have some bugs which will get sorted out as more and more people start to use it. So I would suggest applying for an online account and use it for only viewing your deposit details for a few weeks before making any big transactions.

Who can apply for DOP Internet banking?

Anyone with a valid and active single or joint post office savings account can apply for India post internet banking, provided,  they have valid KYC details submitted. Else they will have to do so at the time of application. In addition, they would require a DOP ATM or debit card, a mobile, email address and PAN.

It is not quite clear why a debit card is necessary for this! I hope it is relaxed as I don’t think many PO banking customers have one.

India Post Internet Banking (DOP) login page

How to register?

Visit the home branch, fill out the necessary form, provide copies of ID proof and address proof. Activation will take a day and you will be alerted via mobile. You can then go to the DOP Internet Banking website, follow instructions and login.

Update: 22nd Jan 2019. This is a message received (to my email) from DoP eBanking Team, Payment Channel Division

For availing internet banking facility Savings Account is mandatory.

  1. Kindly approach the home branch PO for availing the Internet Banking facility.
  2. Fill the pre-printed form and submit at the PO along with required KYC documents.
  3. Home branch PO will enable Internet Banking facility and an SMS alert will be delivered to the registered mobile number within 24 hours,
  4. once the user id is enabled for availing this facility.
  5. Use the link provided in SMS alert received and follow the instructions.

As of now, DoP has enabled this facility for transacting within DoP. Customer ID is the CIF ID and Account ID is the SB account number printed on the first page of the Passbook. Please refer FAQ on the Internet Banking home page for further clarification.

Download link for DOP banking application form

 

Things that you can do with an India Post Internet Banking  account

  1. transfer funds from one PO SB account to another.
  2. open recurring deposits
  3. open time deposits
  4. Close above deposits
  5. schedule fund transfers
  6. Stop cheque requests
  7. Contribute and withdraw from PPF (the same should apply for Sukanya Samriddhi accounts)

India Post Mobile Banking app Launched!

Update: 16th Oct 2019: India Post Mobile Banking App has been launched. You can do the following with this:

  • Check account balance
  • Transfer to own PPF
  • Transfer to other PO SB accounts

This is a screenshot. Date of registration will be notified soon

India Post Mobile Banking App Screenshot

India Post Payments Bank (IPPB) Mobile Banking App

You can give the IPPB app a try: Review: How to set up; Features, benefits & limitations

Is it worth registering for the PO net banking account?

The present facility is quite basic but is a step in the right direction, so I would recommend registering. Do not expect much and treat it for viewing your deposit details for a start. If you want to make transfers, try small amounts first. The most important facility of NEFT or IMPS from POSB to any other SB is still not possible, but hopefully, someday it will come true.

Do share if you found this useful

About the Author M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the author and owner of freefincal.com.  He is an associate professor at the Indian Institute of Technology, Madras since Aug 2006. Pattu” as he is popularly known, has co-authored two print-books, You can be rich too with goal based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management.  He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. Pattu publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year (2.5 million page views) with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis. He conducts free money management sessions for corporates  and associations(see details below). Previous engagements include World Bank, RBI, BHEL, Asian Paints, TamilNadu Investors Association etc. Contact information: freefincal {at} Gmail {dot} com (sponsored posts or paid collaborations will not be entertained)
Want to conduct a sales-free "basics of money management" session in your office?
I conduct free seminars to employees or societies. Only the very basics and getting-started steps are discussed (no scary math):For example: How to define financial goals, how to save tax with a clear goal in mind; How to use a credit card for maximum benefit; When to buy a house; How to start investing; where to invest; how to invest for and after retirement etc. depending on the audience. If you are interested, you can contact me: freefincal [at] Gmail [dot] com. I can do the talk via conferencing software, so there is no cost for your company. If you want me to travel, you need to cover my airfare (I live in Chennai)

Connect with us on social media


Content Policy

Freefincal has original unbiased, conflict-of-interest-free,  topical reports, reviews, commentary and analysis on all aspects of personal finance like mutual funds, stocks, insurance etc. All guest authors and contributors to the site also do not have any conflict of interest. If you find the content useful, please consider supporting us by (1) sharing our articles and (2) disabling ad-blockers for our site if you are using one. No promotional content We do not accept sponsored posts and link exchange requests from content writers and agencies. This is our privacy policy Our website is non-profit in nature. The revenue from the advertisement will only be used for hosting charges, domain registration charges, specific plugins necessary for traffic growth and analytics services for search engine optimisation.

Do check out my books


You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingMy first book is meant to help you ask the right questions, seek the right answers and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.  It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You WantGamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantMy second book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a young earner

The ultimate guide to travel by Pranav Surya

Travel-Training-Kit-Cover This is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step.  Get the pdf for ₹199 (instant download)

Free Apps for your Android Phone

All calculators from our book, “You can be Rich Too” are now available on Google Play!
Install Financial Freedom App! (Google Play Store)
Install Freefincal Retirement Planner App! (Google Play Store)
Find out if you have enough to say "FU" to your employer (Google Play Store)

Blog Comment Policy

Your thoughts are vital to the health of this blog and are the driving force behind the analysis and calculators that you see here. We welcome criticism and differing opinions. I will do my very best to respond to all comments asap. Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete the entire comment or remove the links before approving them.