Standard Operating Procedure for Mandate Account Opening in India Post Payments Bank (IPPB)Standard Operating Procedure for Mandate Account Opening in India Post Payments Bank (IPPB)

The Standard Operating Procedure (SOP) for mandate account opening in IPPB is released now. This SOP for mandate account opening is approved by the GM Operation of CSMO, Head Products of COO, and Head BDLG.

SOP for Mandate Account Opening in IPPB

The SOP for Mandate account opening in IPPB can be downloaded from here.

Other important thinks regarding SOP of mandate account opening in IPPB

IPPB talks with multiple government departments and other institutions of repute where there has been a requirement to track the account opening.

To cater to the need for tracking of the account opening specific to mandates, IPPB has come up with the customization in the account opening process. The End User(EU) shall have the option to open all the accounts either in the normal route or by tagging the accounts with specific mandates. The basic solutions which the mandate account opening provides are:

  • 1. It will provide the option to tag an account for single or multiple DBT/Campaign scheme codes for which the account has been opened
  • 2. It will enable identification of accounts through the DBT/Campaign Scheme name, the listing of all account opened for the customers under a specific DBT Scheme for any Government department
  • 3. It will provide the provision for selection of relevant Government Scheme (or any other Scheme beyond DBT as well) from an extended master list of Schemes maintained in the custom library for tagging the account at the account opening stage or a later stage as well
  • 4. It will enable us to capture a specific beneficiary ID/identifier as per the scheme for which the account is being opened.
  • 5. The mandate will also have the provision to validate The beneficiary ID if IPPB has got a database from the Govt department or institution whose mandate IPPB is implementing.

Note: Modification rights of the custom table/library of the schemes with the bifurcation of national/state hierarchy to be provided to authorized users (at CO only). As and when a new scheme/campaign is added to the list, the modified library would be replicated in the front end during the account opening process.