155299
Basic Savings Account - India Post Payments Bank
Call us 155299
Email to us at contact@ippbonline.in
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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
- RuPay Virtual Debit Card for online transactions
- No monthly average balance required to be maintained
- The account can be opened with zero balance
- Free monthly e-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)
- Send and receive money using BHIM UPI
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. 2 lakh can be swept out to a linked POSA (Post Office Savings Account)
- Access to our growing merchant network through IPPB QR card
Rates
| Annual Interest rates | Frequency of payout |
|---|---|
Balance up to INR 1 Lakh – 2.00% Balances above INR 1 Lakh & up to INR 2 Lakh – 2.25% (Application from 1st of June 2022) |
Quarterly |
Click here to see the detailed Schedule of charges.
Click here to see the detailed remittances/fund transfers charges.
Call 155299 to avail doorstep banking services to open a Basic Savings Account with IPPB.
*Visit your nearest IPPB branch to open Non-eKYC account