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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 2.00% 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*
QR Card NA
Account Closure Charges INR 150
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 INR 25
Virtual Debit Card Annual Maintenance INR 25
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 service is available for Digital Savings Bank Account holders for doing full KYC using biometric authentication.
  7. All charges are exclusive of GST. Virtual Debit Card issuance/reissuance/Maintenance 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.