Current Account - India Post Payments Bank

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Eligibility	Individual
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)	INR 1,000
Non-maintenance charges on MAB*	INR 100
Annual Interest Rate	0.00%
Interest Payment	NA
SMS Alerts	INR 10 Quarterly
Account Statement	Free Monthly e-statement**
QR Card	Free
Setting of Standing Instruction Charges	Free
Account Closure Charges	Within 14 days of Account Opening- NIL, From 15th day of Account Opening till 6 months-INR 250, Post 6 months of Account Opening-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 upto INR 15,000/ day***
Cash withdrawal charges	Free
Virtual Debit Card Issuance	INR 25
Virtual Debit Card Reissuance	NIL

Notes :

*Applicable from 1st Jan 2021 till further notice.
**If customer updated his/her valid email ID. On request Physical Statement @ INR 50
***Cash Deposit Charges (Current Account): Above INR 15,000 – INR 1.50 per incremental INR 1000 or part.
The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
For any services availed at doorstep, doorstep charges will be applicable.
All charges are exclusive of GST. Virtual Debit Card issuance charge is including all Taxes.

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