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Service Charges / Fees for DigiSmart Savings Account

Eligibility Anybody 18 years and above with Aadhaar & PAN Card
Opening/Subscription Charges INR 149+GST
Initial Minimum Deposit INR 200 (After account opening)
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account POSA linkage can be done post full KYC at IPPB Banking Outlet
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB NA
Interest Rate Balance up to INR 1 Lakh - 2.00% per annum
Interest Payment (Interest shall be paid in the subsequent month of each quarter) Quarterly
SMS Alerts@ Actual usage of SMS alerts quarterly, INR 0.25 + GST per SMS
Account Statement Free Monthly e-statement*
Bill Payments/Recharge Free
Account Closure Charges INR 150
Cash Deposit Charges NA
Cash Withdrawal Charges NA
Virtual Debit Card Issuance INR 25
Notes :
  1. DigiSmart Savings Account customers need to pay 149+GST as account subscription charges. Once the account is opened DGSBA customer have to do fund transfer from any KYC-complied account only.
  2. DigiSmart Savings Account will get opened in negative lien of 149+GST and Debit freeze also. Account will be operations only once the subscription charges are debited.
  3. DigiSmart Savings Account Subscription charges will not be refunded.
  4. Aadhaar & PAN card is mandatory for opening DigiSmart Savings Account.
  5. To avail unrestricted banking services kindly upgrade your DigiSmart Savings Account to Regular Savings Account within 1 year by visiting any IPPB access point.
  6. Please complete your full KYC within 1 year. Non-compliance of the same can result in account closure.
  7. *If customer updated his/her valid email ID. On request physical statement @ INR 50+GST upto 1 year and above the 1 year Rs. 100 + GST.
  8. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  9. Doorstep service is available for DigiSmart Savings Account holders for doing full KYC using biometric authentication.
  10. All charges are exclusive of GST. Virtual Debit Card issuance/reissuance/Maintenance charge is including all Taxes.
  11. Cumulative monthly transaction limit of Rs. 10,000 is applicable only for Bill Payments, e-com Payments and Payment towards eligible Post Office Savings Schemes and Services.
  12. @ SMS alerts @ Rs. 0.25 + GST per SMS. Maximum capping of SMS charges per quarter for customers shall be Rs.100 + GST