Full Information about India Post Payment Bank | What is IPPB A/C, Benefits, Service Fees & Charges

How to Open IPPB Digital Saving A/c:-   • How to Open India Post Payment Bank A...  

Regular Savings Account
The Regular Savings Account can be opened at the bank’s access points and your doorstep. This account can be used to keep funds secure, withdraw cash, deposit money and perform easy remittances, besides a host of other benefits. In addition, interest can be earned on the money kept in this account and the cash withdrawals allowed in this account are unlimited.
Key Account Features and Benefits:
• Banking at your convenience
• Instant and paperless account opening using Aadhaar as per the applicable rules
• *Easy and convenient Non-eKYC account opening
• Interest rate of 4% p.a. on EOD daily balances, paid quarterly
• No monthly average balance required to be maintained
• The account can be opened with zero balance
• Free quarterly account statement
• Mini statement through SMS
• Simplified banking services through QR card
• Instant fund transfer through IMPS
• Easy bill payment and recharges
• Can be linked to POSA (Post Office Savings Account)
What makes us different
• Free account opening at your doorstep
• Assisted services through the GDS, as and when required
• Availability of funds at your doorstep, upon request
• Bill payment facility at your doorstep
• Simple and secure banking with QR card
• No commitment of minimum balance
• Nominal charges
• Day end balance above Rs. 1 lakh can be swept into linked POSA (Post Office Savings Account)
• Access to our growing merchant network
• Unlimited cash deposits and withdrawals
Digital Savings Account
For the people who are tech savvy and comfortable with technology, IPPB’s Digital Savings Account is the best way to onboard yourself through the #IPPB Mobile App. This app can be downloaded from the play store on your Android phone and also available on app store for iPhone users. Anyone above the age of 18 years, having Aadhaar and PAN card, can open this account. The account can be opened instantly from the comfort of your home, which means banking anytime, anywhere.
Key Account Features and Benefits
• Banking at your convenience
• Instant self on-boarding
• Interest rate of 4% p.a. on EOD daily balances, paid quarterly
• No monthly average balance required to be maintained
• The account can be opened with zero balance
• Free quarterly account statement
• Simple and instant fund transfer through IMPS
• Easy bill payments and recharges
Key Points to remember while opening a Digital Savings Account:
• Individuals must be above 18 years of age
• Complete the KYC formalities within 12 months
• KYC formalities can be done by visiting any of the access points or with the help of the GDS/Postman, after which the Digital Savings Account will be upgraded to a Regular Savings Account
• A maximum yearly cumulative deposit of Rs. 2 lakhs is allowed in the account
• The account is subject to closure if the KYC is not completed within 12 months of account opening
• The Digital Savings account can be linked to a POSA (Post Office Savings Account) after completion of KYC within 12 months
Basic Savings Account
This savings account has all the features and benefits offered by the Regular Savings Account (except that it allows only four cash withdrawals in a month). The aim of the basic savings account is to provide primary banking services at a very nominal charge.
Key Account Features and Benefits
• Banking at your convenience
• Instant and paperless account opening using Aadhaar as per the applicable rules
• *Easy and convenient Non-eKYC account opening
• Interest rate of 4% p.a. on EOD daily balances, paid quarterly
• No monthly average balance required to be maintained
• The account can be opened with zero balance
• Free quarterly account statement
• Mini statement through SMS
• Simplified banking services through QR card
• Instant fund transfer through IMPS
• Easy bill payment and recharges
• Can be linked to a POSA (Post Office Savings Account)
What makes us different
• Free account opening at your doorstep
• Assisted services through the GDS, as and when required
• Availability of funds at your doorstep, upon request
• Bill payment facility at your doorstep
• Simple and secure banking with QR card
• Multilingual customer support
• No commitment of minimum balance
• Nominal charges
• Day end balance above Rs. 1 lakh can be swept out to a linked POSA (Post Office Savings Account)
• Access to our growing merchant network through IPPB QR card
• Four cash withdrawals allowed in a month

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