The IFSC code is a unique 11-digit alphanumeric number that aims to smoothen the process of financial transactions in India. It has also been adopted as an integral part of the Department of Post. The administration has begun the Department of Post internet banking as a new service for customers of the Post Office Savings Banks accounts. They can also undertake financial transactions through the India Post internet banking system. However, it is important to know the IFSC code of the post office savings bank to initiate the transaction. Read on to know more:
Post Office Savings Bank Transactions
Just as with other banks, customers of post office saving bank accounts can undertake online transactions. The Department of Post also offers an Android application through the Google Play Store. All you have to do is activate the Department of Post internet banking option for your savings account. The service can be used to fulfil all kinds of online transactions over the online portal and mobile phone.
Post Office Transactions and IFSC code
Customers often find it difficult to find the IFSC code for post offices. However, it is an absolute requirement and you have to enter the same to complete the transaction. The code can be found through the official website of the Public Financial Management System. Read on to know the simple steps that you can use to find the MICR code for a post office:
Step 1 – Visit the official website of the Public Financial Management System i.e PFMS
Step 2 – Enter the name of the bank i.e India Post.
Step 3 – Enter the pin code of the bank.
Step 4 – Now click on enter.
Step 5 – You can then view the IFSC code of the post office.
IFSC code for Post Office – Benefits
The IFSC code is an essential aspect required when undertaking a transfer of funds through a post office savings bank account. It allows a customer of post offices across India to make transactions to other post office savings accounts and accounts of other banks. It simplifies the process for existing and new customers of the post office.
Frequently Asked Questions
Does the Department of Post Office have an IFSC code?
Yes, the Department of Post has an IFSC code.
Is there a difference between the Department of Post IFSC code and Post Office IFSC code?
No, there is no difference between the Department of Post IFSC code and Post Office IFSC code. Both are the same.
Does every post office have a different IFSC code?
Yes, every post office has a different IFSC code.