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Service Charges / Fees for Digital Savings Account

Eligibility Anybody above 18 years with KYC
Initial Minimum Deposit NIL
Minimum Account Balance NIL
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account NO
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB NA
Annual Interest Rate 2.50%
(Applicable from 1st of July 2021)
Interest Payment Quarterly
SMS Alerts INR 10 Quarterly
Account Statement Free Monthly e-statement*
QR Card NA
Account Closure Charges NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free
Cash withdrawal charges Free
Virtual Debit Card Issuance INR 25
Virtual Debit Card Reissuance NIL
Notes :
  1. Aadhaar & PAN card is mandatory for opening Digital Savings Account.
  2. To avail unrestricted banking services kindly upgrade your Digital Savings Account to Regular Savings Account within 1 year by visiting any IPPB access point.
  3. Please complete your full KYC within 1 year. Non-compliance of the same can result in account closure.
  4. *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.
  5. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  6. Doorstep services and services at access point/branch are available for Digital Savings Account, only when customer has completed biometric authentication.
  7. All charges are exclusive of GST. Virtual Debit Card issuance charge is including all Taxes.
  8. Cumulative monthly transaction limit of Rs. 10,000 is applicable only for Bill Payments, In store Merchant Payments and Payment towards eligible Post Office Savings Schemes and Services.