India Post Payments Bank: From January 1, fees will have to be paid on deposits and withdrawals of Rs 10,000 in Indian Post Payments Bank. The new rule will come into effect from January 1, 2022.
India Post Payments Bank: The customers of India Post Payments Bank (IPPB) will have to face some problems from next month. The account holders of this bank will have to pay a fee for depositing and withdrawing an amount of Rs 10,000. The new rule will come into effect from January 1, 2022. There are three types of savings accounts for India Post Payments Bank customers: (a) Basic Savings Account, (b) Savings (other than Basic SA) and Current Accounts, and (c) Savings (Other than Basic SA) and Current Accounts .
IPPB has informed all concerned that the charges on cash deposit and cash withdrawal transactions mentioned below will be effective from January 01, 2022 at the rates mentioned below.
Check out the new rate / fee table on cash transaction fee
- Account Type Transaction Type Free Customs
- Basic Savings Account Cash Withdrawal Free, post free limit up to 4 transactions per month, 0.50% of the value minimum Rs. 25 per transaction
Basic Savings Account Cash Deposit NOT Free NA - Savings (Other than Basic SA) and Current Accounts Cash Withdrawal Free, up to Rs. 25,000 per month. Post Free Limit, 0.50% of the value Minimum Rs. 25 per transaction
- Savings (Other than Basic SA) and Current Account Cash Deposit Free, Rs. 10,000 per month. Post Free Limit, 0.50% of the value Minimum Rs. 25 per transaction
- IPPB said that the above prices would be applicable at the applicable rates excluding GST/Cess.
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