Service Charges / Fees for Remittances / Funds Transfers
Domestic Remittances /Money Transfer
- Charges on Money Transfer:
First Money Transfer Free: Up to INR 500 within 90 days of account opening.
|
Mode of Money Transfer |
Transaction size (INR) |
Charges at Access Point & Doorstep |
Charges for Mobile Banking |
||
|
Savings Account |
Current Account |
Savings Account |
Current Account |
||
|
Intra Bank (IPPB to IPPB account) |
Free |
Free |
Free |
Free |
Free |
|
IMPS |
Up to 2,000 |
INR 10 |
INR 10 |
INR 05 |
INR 05 |
|
2,001-5,000 |
INR 20 |
INR 20 |
INR 05 |
INR 05 |
|
|
Above 5,000 |
INR 50 |
INR 50 |
INR 10 |
INR 10 |
|
|
NEFT |
Up to 10,000 |
INR 2.25 |
INR 2.25 |
NIL |
INR 2.25 |
|
10,001 to 1 Lakh |
INR 4.75 |
INR 4.75 |
NIL |
INR 4.75 |
|
|
1 Lakh to 2 Lakh |
INR 14.75 |
INR 14.75 |
NIL |
INR 14.75 |
|
|
Above 2 Lakh |
INR 24.75 |
INR 24.75 |
NIL |
INR 24.75 |
|
|
RTGS |
2 Lakh to 5 Lakh |
INR 24.50 |
INR 24.50 |
INR 24.50 |
INR 24.50 |
|
Above 5 Lakh |
INR 49.50 |
INR 49.50 |
INR 49.50 |
INR 49.50 |
|
|
AePS Fund transfer* (Aadhaar–Aadhaar Transfer) |
Up to 10,000 |
1% of Transaction Amount |
1% of Transaction Amount |
NA |
NA |
- 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.
- *1% of transaction amount subject to a minimum of Rs. 1 and maximum of Rs. 20 per transaction.
- All charges are exclusive of GST
$Limit on Debit Transactions (For Initial 3 Months of Account Opening)
|
Account type |
No. of debit transaction limit/month |
Total debit transaction cumulative value limit/month |
|
Savings |
10 |
INR 5,00,000.00 |
$ Here the debit transaction type would comprise of NEFT, RTGS , IMPS and Cash Withdrawal only.
Limits on Money Transfer - IPPB Mobile Banking App
|
All Savings/Current Account except DGSBA |
||||
|
Payment System |
Per Transaction Minimum Amount |
Maximum Amount Per Transaction |
Per Day Max Limit |
Per Day Max Count |
|
NEFT(Outward) |
INR 1 |
INR 2,00,000 |
INR 5,00,000 |
10 |
|
RTGS(Outward) |
INR 2,00,000 |
INR 5,00,000 |
INR 10,00,000 |
5 |
|
IMPS(Outward) |
INR 5 |
INR 50,000 |
INR 2,00,000 |
10 |
|
UPI**(Outward) |
INR 1 |
INR 25,000 |
INR 50,000 |
20 |
#Limits on Money Transfer – IPPB Assisted Mode (IPPB MATM APP*)
|
All Savings/Current Account except DGSBA |
||||
|
Payment System |
Per Transaction Minimum Amount |
Maximum Amount Per Transaction Limit |
Per Day Max Limit |
Per Day Max Count |
|
NEFT(Outward) |
INR 1 |
INR 2,00,000 |
INR 5,00,000 |
10 |
|
IMPS(Outward) |
INR 5 |
INR 50,000 |
INR 2,00,000 |
10 |
|
UPI**(Outward) |
INR 1 |
INR 10,000 |
INR 20,000 |
20 |
LIMITS ON MONEY TRANSFER – Assisted Mode (Post Office Counter)
|
All Savings/Current Account except DGSBA |
||||
|
Payment System |
Per Transaction Minimum Amount |
Maximum Amount Per Transaction Limit |
Per Day Max Limit |
Per Day Max Count |
|
NEFT(Outward) |
INR 1 |
INR 2,00,000 |
INR 5,00,000 |
10 |
|
RTGS(Outward) |
INR 2,00,000 |
INR 5,00,000 |
INR 10,00,000 |
5 |
|
IMPS(Outward) |
INR 5 |
INR 50,000 |
INR 2,00,000 |
10 |
|
UPI**(Outward) |
INR 1 |
INR 10,000 |
INR 20,000 |
20 |
LIMITS ON MONEY TRANSFER - Cumulative Limit Across all Channels*
|
All Savings/Current Account except DGSBA |
||
|
Payment System |
Cumulative Limit Across the Channels |
|
|
Per Day Max Amount |
Per Day Max Count |
|
|
NEFT(Outward) |
INR 5,00,000 |
10 |
|
RTGS(Outward) |
INR 10,00,000 |
5 |
|
IMPS(Outward) |
INR 2,00,000 |
10 |
|
UPI**(Outward) |
INR 50,000 |
20 |
|
Customer Max. Per day Limit inclusive of all the channels & Remittance type |
INR 17,50,000 |
45 |
*RTGS is not available in MATM
** Maximum amount per transaction is 2,000 Rs. For UPI collect request. There is a cooling period limit for new user in which maximum 5,000 Rs. worth of transactions can be done in first 24 hours.
Limits* of Cash Deposit & Cash Withdrawal at Access Points & Doorstep
|
Savings Account |
Current Account |
|||
|
Cash Deposit |
Cash Withdrawal |
Cash Deposit |
Cash Withdrawal |
|
|
Head Post Office |
INR 2,00,000 |
INR 2,00,000 |
INR 2,00,000 |
INR 2,00,000 |
|
Sub Post Office |
INR 2,00,000 |
INR 2,00,000 |
INR 2,00,000 |
INR 2,00,000 |
|
Branch Post Office |
INR 25,000 |
INR 25,000 |
INR 25,000 |
INR 25,000 |
|
Gramin Dak Sevak/ Postman at Doorstep |
INR 25,000 |
INR 25,000 |
INR 25,000 |
INR 25,000 |
*Limits are per customer per day
Domestic Money Transfer Limits
|
Customer type |
Amount Per Transaction |
Amount Per Month Cumulative |
|
Low KYC |
INR 5,000 |
INR 25,000 |
Charges for availing NACH Debit Services
|
Event |
Charges |
|
NACH Mandate Registration |
Rs. 50 + GST |
|
Returning charges of NACH (debit) due to insufficient balance |
Rs. 100 + GST |
Payment System Timings
|
Payment System |
Days |
Timings |
Remarks |
|
NEFT |
All Days including Sunday and Bank Holidays |
24x7 |
|
|
RTGS |
All Days including Sunday and Bank Holidays |
24x7 |
Transaction through Branches - As per Branch working Hours. Due to the limitation of 2 Lac balance and un-availability of Sweep-in after 8:00 PM, Mobile Banking app outward RTGS transaction is subject to the availability of balance received via Inward RTGS/fund transfer. |
|
IMPS |
All Days including Sunday and Bank Holidays |
24x7 |
|
|
UPI(Assisted & Self-Service) |
All Days including Sunday and Bank Holidays |
24x7 |
|
Bill Payments: Free*
*Only Doorstep Banking Charges will be applicable
1. For any services availed at doorstep, doorstep charges will be applicable.
2. All charges are exclusive of GST