India Post Payment Bank – IPPB Basic Savings Account

India Post Payment Bank – IPPB Basic Savings Account

This savings account has all the features and benefits offered by the Regular Savings Account (except that it allows only four cash withdrawals in a month). The aim of the basic savings account is to provide primary banking services at a very nominal charge.

Key Account Features and Benefits

• Banking at your convenience
• Instant and paperless account opening using Aadhaar as per the applicable rules
• Easy and convenient Non-eKYC account opening
• RuPay Virtual Debit Card for online transactions
• No monthly average balance required to be maintained
• The account can be opened with zero balance
• Free monthly e-statement
• Mini statement through SMS
• Simplified banking services through QR card
• Instant fund transfer through IMPS
• Easy bill payment and recharges
• Can be linked to a POSA (Post Office Savings Account)
• Send and receive money using BHIM UPI

What makes us different

• Free account opening at your doorstep
• Assisted services through the GDS, as and when required
• Availability of funds at your doorstep, upon request
• Bill payment facility at your doorstep
• Simple and secure banking with QR card
• Multilingual customer support
• No commitment of minimum balance
• Nominal charges
• Day end balance above Rs. 2 lakh can be swept out to a linked POSA (Post Office Savings Account)
• Access to our growing merchant network through IPPB QR card

Rates

Click here to see the detailed Schedule of charges.

Click here to see the detailed remittances/fund transfers charges.

Call 155299 to avail doorstep banking services to open a Basic Savings Account with IPPB.

*Visit your nearest IPPB branch to open Non-eKYC account