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Service Charges / Fees for Digital Savings Account

Eligibility Anybody above 18 years with KYC
Initial Minimum Deposit NIL
Minimum Account Balance NIL
Maximum End of Day Balance INR 1,00,000
Nomination Facility Available
Linkage of POSA Account NO
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB NA
Annual Interest Rate 4.00%
Interest Payment Quarterly
SMS Alerts Free
Account Statement Quarterly Statement Free (e-statement/ Physical statement*)
Additional Physical Statement @ INR 50
QR Card NA
QR Card Reissuance NA
Setting of Standing Instruction Charges Free
Account Closure Charges NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request NA
Cheque Bounce/ Return Charges (Inward) NA
Cheque Bounce/ Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free
Cash withdrawal charges Free
Notes :
  1. Aadhaar & PAN card is mandatory for opening Digital Savings Account.
  2. To avail unrestricted banking services kindly upgrade your Digital Savings Account to Regular Savings Account within 1 year by visiting any IPPB access point.
  3. The total cumulative deposit permissible in the account is INR 2 Lakhs within a year.
  4. Please complete your full KYC within 1 year. Non-compliance of the same can result in account closure.
  5. *Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter
  6. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  7. Doorstep services and services at access point/branch are available for Digital Savings Account, only when customer has completed biometric authentication.
  8. All charges are exclusive of GST.