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Service Charges / Fees for Remittances / Funds Transfers

Domestic Remittances /Money Transfer

  1. Charges on Money Transfer:

         First Money Transfer Free: Up to INR 500 within 90 days of account opening.

Mode of Money Transfer

Transaction size (INR)

Charges at Access Point & Doorstep

Charges for Mobile Banking

Savings Account

Current Account

Savings Account

Current Account

Intra Bank (IPPB to IPPB account)

Free

Free

Free

Free

Free

 

IMPS

Up to 2,000

INR 10

INR 10

INR 05

INR 05

2,001-5,000

INR 20

INR 20

INR 05

INR 05

Above 5,000

INR 50

INR 50

INR 10

INR 10

 

NEFT

Up to 10,000

INR 2.25

INR 2.25

NIL

INR 2.25

10,001 to 1 Lakh

INR 4.75

INR 4.75

NIL

INR 4.75

1 Lakh to 2 Lakh

INR 14.75

INR 14.75

NIL

INR 14.75

Above 2 Lakh

INR 24.75

INR 24.75

NIL

INR 24.75

RTGS

2 Lakh to 5 Lakh

INR 24.50

INR 24.50

INR 24.50

INR 24.50

Above 5 Lakh

INR 49.50

INR 49.50

INR 49.50

INR 49.50

AePS Fund transfer* (Aadhaar–Aadhaar Transfer)

Up to 10,000

1% of Transaction Amount

1% of Transaction Amount

NA

NA

  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. *1% of transaction amount subject to a minimum of Rs. 1 and maximum of Rs. 20 per transaction. 
  4. 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 2,00,000

 

RTGS*

INR 2,00,000

INR 5,00,000

No Limit

IMPS

INR 5

INR 50,000

INR 2,00,000

UPI**

INR 1

INR 25,000

INR 25,000

Current Account

Payment System

Minimum Amount

Maximum Amount Per Transaction Limit

Per Day Limit

NEFT

INR 1

INR 2,00,000

 

RTGS

INR 2,00,000

INR 5,00,000

No Limit

IMPS

INR 5

INR 50,000

INR 2,00,000

UPI**

INR 1

INR 25,000

INR 25,000

* Not applicable for IPPB Digital Savings Bank Account.

** Maximum amount per transaction is 2,000 Rs. for UPI collect request. There is a cooling period limit for new user in which maximum Rs. 5,000 worth of transactions can be done in first 24 hours. The daily and per transaction limit of UPI payments using IPPB mobile banking application is 15,000 Rs.

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

INR 5,00,000

No Limit

IMPS

INR 5

INR 2,00,000

INR 2,00,000

UPI

INR 1

INR 10,000

INR 20,000

* RTGS limits at Post Office counters.

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

 

Savings Account

Current Account

Cash Deposit

Cash Withdrawal

Cash Deposit

Cash Withdrawal

Head Post Office

INR 2,00,000

INR 2,00,000

INR 2,00,000

INR 2,00,000

Sub Post Office

INR 2,00,000

INR 2,00,000

INR 2,00,000

INR 2,00,000

Branch Post Office

INR 25,000

INR 25,000

INR 25,000

INR 25,000

Gramin Dak Sevak/ Postman at Doorstep

INR 25,000

INR 25,000

INR 25,000

INR 25,000


*Limits are per customer per day

Domestic Money Transfer Limits

Customer type

Amount Per Transaction

Amount Per Month Cumulative

Low KYC

INR 5,000

INR 25,000

Payment System Timings

Payment System

Days

Timings

Remarks

NEFT

All Days including Sunday and Bank Holidays

24x7

 

RTGS

All Days including Sunday and Bank Holidays

24x7

Transaction through Branches - As per Branch working Hours.

Due to the limitation of 2 Lac balance and un-availability of Sweep-in after 8:00 PM, Mobile Banking app outward RTGS transaction is subject to the availability of balance received via Inward RTGS/fund transfer.

IMPS

All Days including Sunday and Bank Holidays

24x7

 

UPI(Assisted & Self-Service)

All Days including Sunday and Bank Holidays

24x7

 

   Bill Payments: Free*
*Only Doorstep Banking Charges will be applicable 

1.    For any services availed at doorstep, doorstep charges will be applicable.
2.    All charges are exclusive of GST