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To Open a new account or know more about our Product and Services:

Call our toll free number 155299

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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
  • Interest rate of 4% p.a. on EOD daily balances, paid quarterly
  • No monthly average balance required to be maintained
  • The account can be opened with zero balance
  • Free quarterly account 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)

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. 1 lakh can be swept out to a linked POSA (Post Office Savings Account)  
  • Access to our growing merchant network through IPPB QR card
  • Four cash withdrawals allowed in a month

Rates

Interest rates Frequency of payout

4.0% per annum

Quarterly


Click here to see the detailed Schedule of charges.

Click here to see the detailed remittances/fund transfers charges.

Call 155299 (toll-free number) to avail doorstep banking services to open a Basic Savings Account with IPPB.