DGSBA account is an account opened by a customer by himself through IPPB mobile banking app.
The account will have the following restrictions.
📍The account is valid upto 12 months from the date of opening of account.
📍Only inward fund transfer will be allowed from other banks.
📍DGSBA account cannot be linked with POSB account.
📍Fund transfer within IPPB, Bill payments, Payments for DOP products are allowed subject to a cumulative of ₹10000 per month.
To avoid such restrictions and closure of the account, the customer has to approach any PO and complete the e-KYC and conversion process.
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