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Service Charges / Fees for Premium Savings Account

Eligibility Anybody above 10 years with KYC
Account Opening/Subscription Charges INR 149 + GST
Annual Renewal Charges INR 99 + GST
Initial Minimum Deposit INR 200
Mandatory Minimum Account Balance NIL
Maximum End of Day Balance INR 2,00,000
Nomination Facility Available
Linkage of POSA Account* YES
Non-maintenance charges on MAB NA
Annual Interest Rate Balance up to INR 1 Lakh - 2.00%
Balances above INR 1 Lakh & up to INR 2 Lakh – 2.25%
Interest Payment Quarterly
SMS Alerts INR 10 Quarterly
Account Statement Free Monthly e-statement**
QR Card Free
Setting of Standing Instruction Charges Free
Account Closure Charges INR 50 + GST, if account is closed after 3 months of account opening/ upgradation
Balance certificate per Instance 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
Virtual Debit Card Annual Maintenance NIL
Doorstep Banking Free
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. *POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 2 lakh at the end of the day will be transferred to Linked POSA account. Cumulative transaction limit for sweep-in is ₹50000/- for the first 3 days post successful linkage.
  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. All charges are exclusive of GST. Virtual Debit Card issuance is including all Taxes.