Service Charges / Fees for IPPB Digital Savings Account

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.