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Service Charges / Fees for Current Account

Eligibility Individual
Initial Minimum Deposit NIL
Maximum End of Day Balance INR 2,00,000
Nomination Facility Available
Linkage of POSA Account NO
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB* NA
Annual Interest Rate 0.00%
Interest Payment NA
SMS Alerts@ Actual usage of SMS alerts quarterly, INR 0.25 + GST per SMS
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, up to Rs. 10,000 per month. Post free limit, Charges 0.50% of the transaction value subject to minimum Rs. 25 per transaction
Cash withdrawal charges Free, up to Rs. 25,000 per month. Post free limit, Charges 0.50% of the transaction value subject to minimum Rs. 25 per transaction
Virtual Debit Card Issuance INR 25
Virtual Debit Card Reissuance INR 25
Virtual Debit Card Annual Maintenance INR 25
AePS Cash Withdrawal over non IPPB Network INR 20 per transaction post free limit.***
AePS Cash Deposit over non IPPB Network INR 20 per transaction post free limit.***
AePS Mini Statement over non IPPB Network INR 5 per transaction post free limit.***
Notes :
  1. *Applicable from 1st Jan 2021 till further notice.
  2. **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.
  3. *** One transaction is free over Non-IPPB Network (Issuer Transactions) per month (including AEPS Cash Deposit, Withdrawal and Mini-Statement): IPPB Customer transacting on other Network
  4. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  5. For any services availed at doorstep, doorstep charges will be applicable.
  6. All charges are exclusive of GST. Virtual Debit Card issuance/reissuance/Maintenance charge is including all Taxes.
  7. @SMS alerts @ Rs. 0.25 + GST per SMS. Maximum capping of SMS charges per quarter for customers shall be Rs.100 + GST and for Merchants, maximum capping of SMS charges per quarter shall be Rs. 50 + GST effective from 1st October 2024.