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Digital Savings Account

For the people who are tech savvy and comfortable with technology, IPPB’s Digital Savings Account is the best way to onboard yourself through the IPPB Mobile App. This app can be downloaded from the play store on your Android phone and also available on app store for iPhone users. Anyone above the age of 18 years, having Aadhaar and PAN card, can open this account. The account can be opened instantly from the comfort of your home, which means banking anytime, anywhere.

Key Account Features and Benefits

  • Banking at your convenience
  • Instant self on-boarding
  • No monthly average balance required to be maintained
  • The account can be opened with zero balance
  • Free monthly e-statement
  • Easy bill payments and recharges

Key Points to remember while opening a Digital Savings Account:

  • Individuals must be above 18 years of age
  • Complete the KYC formalities within 12 months
  • KYC formalities can be done by visiting any of the access points or with the help of the GDS/Postman, after which the Digital Savings Account will be upgraded to a Regular Savings Account
  • A maximum yearly cumulative deposit of Rs. 2 lakhs is allowed in the account
  • The account is subject to closure if the KYC is not completed within 12 months of account opening
  • The Digital Savings account can be linked to a POSA (Post Office Savings Account) after completion of KYC within 12 months

What makes us different

  • Multilingual customer support
  • No commitment of minimum balance
  • Nominal charges


Annual Interest rates Frequency of payout


(Application from 1st of July 2021)


Click here to see the detailed Schedule of Charges.

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


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