Monday, September 3, 2018

IPPB Merchant Banking Mobile App

September 03, 2018 IPPB Mobile Banking App , 1 Comments

IPPB Merchant Banking Mobile App

 

 

IPPB’s cashless payment solution for your business needs.

Introducing the all new IPPB Merchant App!

Now accept payments in style and grow your business without the hassles of physical cash, loose change or soiled notes. It’s safe, secure and convenient to use.  And its free like it always will be!

Key Features

  • Hassle free registration with just a mobile number registered with IPPB
  • Accept payments for goods/services sold: This solution is available using:
    • Transactions initiated by customer i.e. scanning a QR code and making payments in a push transaction mode.
    • Transactions initiated by merchant i.e. accepting payments from the IPPB customer via Account Number + OTP, scanning customer QR card + OTP, Aadhaar Number + OTP.
  • Accept unlimited payment transactions unlike wallets
  • Receive instant SMS notifications for your transactions 
  • Complete overview of sales and business performance on the dashboard
  • Direct settlement into IPPB account 
  • Initiate instant refunds to the customer in case of any disputes/duplicate payments



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IPPB Mobile Banking Android App

September 03, 2018 IPPB Mobile Banking App , 2 Comments

Mobile App

 


IPPB offers a state-of-the-art, simple, secure and easy-to-use Mobile banking service through a Mobile app to access your IPPB account and carry out transactions from the convenience of your mobile phone.



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Service Charges / Fees for IPPB Salary Account

September 03, 2018 IPPB Rates & Charges , 0 Comments

Service Charges / Fees for IPPB Salary Account

 

Eligibility Anybody above 18 years with KYC
Initial minimum deposit NIL
Minimum account balance NIL
Maximum end of Day balance INR 1,00,000
Nomination facility Available
Linkage of POSA Account* YES
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB NA
Annual Interest Rate 4.00%
Interest payment Quarterly
SMS Alerts Free
Account statement Quarterly Statement Free (e-statement/ Physical statement**)
Additional Physical Statement @ INR 50
QR card Free
QR card Reissuance INR 25
Setting of Standing Instruction Charges Free
Account Closure Charges NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request NA
Cheque Bounce/Return Charges (Inward) NA
Cheque Bounce/Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free
Cash withdrawal charges Free
Notes :
  1. *POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 1 lakh at the end of the day will be transferred to Linked POSA account
  2. **Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter.
  3. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  4. For any services availed at doorstep, doorstep charges will be applicable
  5. All charges are exclusive of GST.
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Service Charges / Fees for IPPB Merchant Current Account

September 03, 2018 IPPB Rates & Charges , 0 Comments

Service Charges / Fees for IPPB Merchant Current Account

 

 

Eligibility Individual
Initial Minimum Deposit NIL
Minimum Account Balance NIL
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account* NO
Monthly Average Balance (MAB) INR 1,000
Non-maintenance charges on MAB** INR 100
Annual Interest Rate 0.00%
Interest Payment NA
SMS Alerts Free
Account Statement Quarterly Statement Free (e-statement/ Physical statement***)
Additional Physical Statement @ INR 50
QR Card Free
QR Card Reissuance INR 25
Setting of Standing Instruction Charges Free
Account Closure Charges Within 14 days of Account Opening- NIL, From 15th day of Account Opening till 6 months-INR 250, Post 6 months of Account Opening-NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request First 50 Cheque leaves free; subsequently INR 2 per leaf
Cheque Bounce/ Return Charges (Inward) INR 200
Cheque Bounce/ Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free upto INR 15,000/ day****
Cash withdrawal charges Free
Cheque Stop Payment per Instrument INR 25
Cheque Stop Payments per Series***** INR 100
ECS Return Charges (Financial Reason) INR 25
Cheque Collection (Local Clearing) Free
Outstation Cheque Collection upto and including INR 5,000 per instrument INR 25
Outstation Cheque Collection above INR 5,000 & upto INR 10,000 per instrument INR 50
Outstation Cheque Collection above INR 10,000 & upto INR 1,00,000 per instrument INR 100
Outstation Cheque Collection above INR 1,00,000 per instrument INR 200
Notes :
  1. *Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter.
  2. **Non-maintenance charges on Current Account-INR 100 Per Month/Recovered Quarterly.
  3. ***POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 1 lakh at the end of the day will be transferred to linked POSA account.
  4. ****Cash Deposit Charges (Current Account): Above INR 15,000 – INR 1.50 per incremental INR 1000 or part.
  5. *****Cheque in series is considered when cheques are in continuous series of 4 or above. Kindly note cheque book facilities are available for Current Account only.
  6. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  7. For any services availed at doorstep, doorstep charges will be applicable.
  8. All charges are exclusive of GST
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Service Charges / Fees for IPPB Bills Payments Free

September 03, 2018 IPPB Rates & Charges , 0 Comments

Service Charges / Fees for Bills Payments Free*

 

 

*Only Doorstep Banking Charges will be applicable
For any services available at doorstep, doorstep charges will be applicale.
Notes:
All Charges are Excusive of GST.
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Service Charges / Fees for Remittances / Funds Transfers at IPPB Mobile Banking Services

September 03, 2018 IPPB Rates & Charges , 0 Comments

Service Charges / Fees for Remittances / Funds Transfers at IPPB Mobile Banking

 


Charges on Money Transfer


First Money Transfer Free: Up to INR 500 within 90 days of account opening.
Mode of Money Transfer
Transaction size
Charges at Access Point & Doorstep
Charges for Mobile Banking
Intra Bank(IPPB account to IPPB account)
Free
Free
Free



IMPS
Up to 2,000
INR 10
INR 05
2,001-5,000
INR 20
INR 05
Above 5,000
INR 50
INR 10




NEFT
Up to 10,000
INR 2.5
INR 2.5
10,001 to 1 Lakh
INR 05
INR 05
1 Lakh to 2 Lakh
INR 15
INR 10
Above 2 Lakh
INR 25
INR 20



RTGS
2 Lakh to 5 Lakh
INR 25
INR 25
Above 5 Lakh
INR 50
INR 50




  1. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  2. For any services availed at doorstep, doorstep charges will be applicable.
  3. All charges are exclusive of GST
     

Limits on Money Transfer - IPPB Mobile Banking App**


Savings Account
Payment System
Minimum Amount
Maximum Amount Per Transaction Limit
Per Day Limit
NEFT
INR 1
INR 1,00,000
INR 1,00,000
RTGS
INR 2,00,000
INR 5,00,000
INR 5,00,000
IMPS
INR 5
INR 50,000
INR 50,000
Current Account
Payment System
Minimum Amount
Maximum Amount Per Transaction Limit
Per Day Limit
NEFT
INR 1
INR 1,00,000
INR 2,00,000
RTGS
INR 2,00,000
INR 5,00,000
INR 5,00,000
IMPS
INR 5
INR 50,000
INR 50,000




**The default limit, can be increased/decreased based on customer request


Limits on Money Transfer – IPPB Assisted Mode


Payment System
Minimum Amount
Maximum Amount Per Transaction Limit
Per Day Limit
NEFT
INR 1
No Limit
No Limit
RTGS
INR 2,00,000
No Limit
No Limit
IMPS
INR 5
INR 2,00,000
INR 2,00,000




*Limits of Cash Deposit & Cash Withdrawl at Access Points & Doorstep



Savings Account
Current Account
Cash Deposit
Cash Withdrawal
Cash Deposit
Cash Withdrawal
Head Post Office
No Limit
INR 20,000
No Limit
INR 20,000
Sub Post Office
No Limit
INR 20,000
No Limit
INR 20,000
Branch Post Office
INR 5,000
INR 5,000
INR 20,000
INR 20,000
Gramin Dak Sevak/ Postman at Doorstep
INR 5,000
INR 5,000
INR 20,000
INR 20,000

*Limits are per customer per day
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IPPB Doorstep Banking Charges(DBS) for Savings & Current Account

September 03, 2018 IPPB Rates & Charges , 0 Comments

IPPB Doorstep Banking Charges(DBS) for Savings & Current Account

 

Customer On-boarding NIL
Cash Transaction: Cash Withdrawal, Cash Deposit INR 25 Per Transaction
Non Cash Transaction: Transaction Other Than Cash Deposit And Withdrawal INR 15 Per Transaction
Notes :
  1. Doorstep Banking will be charged for every successful request delivery.
  2. Customer can also avail doorstep services on Ad hoc basis. Doorstep charges will be applicable.
  3. Customer can do non cash as well as cash transaction at doorstep.
  4. Money transfer charges will be extra and will be levied as per the rate card.
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Service Charges / Fees for IPPB Current Account

September 03, 2018 IPPB Rates & Charges , 0 Comments

Service Charges / Fees for Current Account

 

Eligibility Individual
Initial Minimum Deposit NIL
Minimum Account Balance NIL
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account* NO
Monthly Average Balance (MAB) INR 1,000
Non-maintenance charges on MAB** INR 100
Annual Interest Rate 0.00%
Interest Payment NA
SMS Alerts Free
Account Statement Quarterly Statement Free (e-statement/ Physical statement***)
Additional Physical Statement @ INR 50
QR Card Free
QR Card Reissuance INR 25
Setting of Standing Instruction Charges Free
Account Closure Charges Within 14 days of Account Opening- NIL, From 15th day of Account Opening till 6 months-INR 250, Post 6 months of Account Opening-NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request First 50 Cheque leaves free; subsequently INR 2 per leaf
Cheque Bounce/ Return Charges (Inward) INR 200
Cheque Bounce/ Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free upto INR 15,000/ day****
Cash withdrawal charges Free
Cheque Stop Payment per Instrument INR 25
Cheque Stop Payments per Series***** INR 100
ECS Return Charges (Financial Reason) INR 25
Cheque Collection (Local Clearing) Free
Outstation Cheque Collection upto and including INR 5,000 per instrument INR 25
Outstation Cheque Collection above INR 5,000 & upto INR 10,000 per instrument INR 50
Outstation Cheque Collection above INR 10,000 & upto INR 1,00,000 per instrument INR 100
Outstation Cheque Collection above INR 1,00,000 per instrument INR 200
Notes :
  1. *Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter.
  2. **Non-maintenance charges on Current Account-INR 100 Per Month/Recovered Quarterly.
  3. ***POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 1 lakh at the end of the day will be transferred to linked POSA account.
  4. ****Cash Deposit Charges (Current Account): Above INR 15,000 – INR 1.50 per incremental INR 1000 or part.
  5. *****Cheque in series is considered when cheques are in continuous series of 4 or above. Kindly note cheque book facilities are available for Current Account only.
  6. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  7. For any services availed at doorstep, doorstep charges will be applicable.
  8. All charges are exclusive of GST
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Service Charges / Fees for IPPB Basic Savings Account

September 03, 2018 IPPB Rates & Charges , 0 Comments

Service Charges / Fees for Basic Savings Account

 

Eligibility Anybody above 10 years with KYC
Initial Minimum Deposit NIL
Minimum Account Balance NIL
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account* YES
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB NA
Annual Interest Rate 4.00%
Interest Payment Quarterly
SMS Alerts Free
Account Statement Quarterly Statement Free (e-statement/ Physical statement**)
Additional Physical Statement @ INR 50
QR Card FREE
QR Card Reissuance INR 25
Setting of Standing Instruction Charges Free
Account Closure Charges NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request NA
Cheque Bounce/ Return Charges (Inward) NA
Cheque Bounce/ Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free
Cash withdrawal charges Free (Limited to 4 withdrawal in a month)
Notes :
  1. *POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 1 lakh at the end of the day will be transferred to Linked POSA account.
  2. **Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter.
  3. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  4. For any services availed at doorstep, doorstep banking charges will be applicable.
  5. All charges are exclusive of GST.
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Service Charges / Fees for IPPB Digital Savings Account

September 03, 2018 IPPB Rates & Charges , 0 Comments

Service Charges / Fees for Digital Savings Account

 

Eligibility Anybody above 18 years with KYC
Initial Minimum Deposit NIL
Minimum Account Balance NIL
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account* NO
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB NA
Annual Interest Rate 4.00%
Interest Payment Quarterly
SMS Alerts Free
Account Statement Quarterly Statement Free (e-statement/ Physical statement**)
Additional Physical Statement @ INR 50
QR Card NA
QR Card Reissuance NA
Setting of Standing Instruction Charges Free
Account Closure Charges NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request NA
Cheque Bounce/ Return Charges (Inward) NA
Cheque Bounce/ Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free
Cash withdrawal charges Free
Notes :
  1. Aadhaar & PAN card is mandatory for opening Digital Savings Account.
  2. To avail unrestricted banking services kindly upgrade your Digital Savings Account to Regular Savings Account within 1 year by visiting any IPPB access point.
  3. The total cumulative credit permissible in the account is INR 2 Lakhs within a year.
  4. Please complete your full KYC within 1 year. Non-compliance of the same can result in account closure.
  5. *POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 1 lakh at the end of the day will be transferred to Linked POSA account.
  6. **Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter
  7. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  8. For any services availed at doorstep, doorstep charges will be applicable.
  9. All charges are exclusive of GST.
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Service Charges / Fees for IPPB Regular Savings Account

September 03, 2018 IPPB Annual Interest Rate , IPPB Minimum Balance 0 Comments

Service Charges / Fees for IPPB Regular Savings Account

 

 

Eligibility Anybody above 10 years with KYC
Initial Minimum Deposit NIL
Minimum Account Balance NIL
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account* YES
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB NA
Annual Interest Rate 4.00%
Interest Payment Quarterly
SMS Alerts Free
Account Statement Quarterly Statement Free (e-statement/ Physical statement**)
Additional Physical Statement @ INR 50
QR Card Free
QR Card Reissuance INR 25
Setting of Standing Instruction Charges Free
Account Closure Charges NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request NA
Cheque Bounce/ Return Charges (Inward) NA
Cheque Bounce/ Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free
Cash withdrawal charges Free
Notes :
  1. *POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 1 lakh at the end of the day will be transferred to Linked POSA account.
  2. **Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter.
  3. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  4. For any services availed at doorstep, doorstep charges will be applicable.
  5. All charges are exclusive of GST.
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IPPB Direct Benefit Transfers

September 03, 2018 IPPB Direct Benefit Transfers , IPPB Payment Services 0 Comments

Direct Benefit Transfers

 

 

The Direct Benefit Transfer (DBT) Scheme was launched in 2013 by the Government of India with an aim to reduce leakages by cutting out middlemen and transferring benefits/subsidies directly to the beneficiary’s bank account. With IPPB, utilizing the benefits of DBT has been made easier. As a DBT beneficiary, all that you have to do is link your Aadhaar number with your IPPB savings account for receiving your DBT money. You will get the DBT money directly credited to your IPPB account, maintained at your neighborhood post office. 
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