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DigiSmart Savings Account

DigiSmart Savings Bank Account: Open Account in Minutes & Enjoy Effortless Financial Management

The DigiSmart Savings Account with IPPB is the perfect solution for individuals who prefer the convenience of technology-driven banking. Open your account effortlessly through the IPPB Mobile Banking App on Play Store for Android/App Store for IOS. Designed for individuals aged 18 and above with Aadhaar and PAN cards, this account allows you to experience the freedom of banking from the anywhere, anytime.

Key Features and Benefits of DigiSmart Savings Account

  • Exciting Cashbacks on Virtual Debit Card induced transactions & Electricity Bill Payments
  • Complimentary Upgrade: Enjoy full transaction access by converting to Premium Savings Account at No additional fee by completing full KYC at any IPPB Banking outlet
  • Digital Banking: Transact on the go through IPPB Mobile application for payment of DoP schemes like PPF, Sukanya Samridhi etc and  Ecom/ bill  payments upto Rs 10,000 per month
  • No Monthly Balance Requirement:  No commitment on minimum balance  requirement i.e. there are no charges for non-maintenance of balance in DigiSmart Savings Account
  • DigiSmart Savings Account On-boarding: Open IPPB Digi-Smart Savings Account instantly with a simple, paperless process IPPB mobile application and fund account via UPI/IMPS/NEFT etc.
  • Free Monthly e-Statement: Stay organised with a free monthly email  statement of your account. Generate Mini Statements via SMS Banking and Missed Call Banking.
  • Virtual Cards for Transaction: Experience unmatched digital banking ease with IPPB Virtual RuPay Debit Card

Key Terms & Conditions:

  • Eligibility Individuals aged 18 or above with a valid Aadhaar, PAN card can open this account only with Mobile no linked to Aadhaar

  • KYC Requirement: Customer needs to complete KYC/Biometric verification at nearest IPPB Banking outlet /Post office within 12 months of account opening

  • Deposit Limit: A maximum yearly cumulative deposit of Rs. 2,00,000 is allowed in the account

  • Account Closure Policy: Failure to complete biometric verification within 12 months will result in account closure with account closure charges of Rs 150  + GST.

  • POSA Linkage: After completing KYC formalities within the stipulated time, DigiSmart Savings Account can be linked  Post Office Savings Account (POSA) for added benefits.

Rates

Annual Interest rates Frequency of payout

2.00% per annum

(Applicable from 1st of June 2022)

Quarterly (Interest shall be paid in the subsequent month of each quarter)


Click here to see the detailed Schedule of Charges.


Download our Mobile app to open a DigiSmart Savings Account with IPPB.

 

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