Many small savings schemes run by the Indian Post Office are very popular among investors. While the interest is good in these schemes, there is no risk of sinking investment due to government guarantee. This is the reason why a large number of people in the country invest money in post office savings schemes.
The post office has also started many services for the convenience of investors. These also include many online services, using which investors of small savings schemes can get important information related to their savings account sitting at home. Now investors can fill the monthly installments of many schemes like Public Provident Fund (PPF), Recurring Deposit (RD) and Sukanya Samriddhi Yojana (SSY) run by the post office.
Online installment payment is done through India Post Payments Bank (IPPB). Through the IPPB app, you can pay and invest the monthly installments of all the savings schemes offered by the post office including your PPF, Sukanya Samriddhi. It is very easy to make online payment in these plans. Not only this, online payment also does not take much time.