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Service Charges / Fees for Current Account

Eligibility Individual
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) INR 1,000
Non-maintenance charges on MAB* INR 100
Annual Interest Rate 0.00%
Interest Payment NA
SMS Alerts Free
Account Statement On request Physical Statement @ INR 50
QR Card Free
QR Card Reissuance INR 25
Setting of Standing Instruction Charges Free
Account Closure Charges Within 14 days of Account Opening- NIL, From 15th day of Account Opening till 6 months-INR 250, Post 6 months of Account Opening-NIL
Balance certificate per Instance INR 50
Card/ KIT returned due to wrong address INR 50
Cheque Book on request First 50 Cheque leaves free; subsequently INR 2 per leaf
Cheque Bounce/ Return Charges (Inward) INR 200
Cheque Bounce/ Return Charges (Outward) INR 50
Bill Payments/ Re-charge Free
Cash deposit charges Free upto INR 15,000/ day***
Cash withdrawal charges Free
Cheque Stop Payment per Instrument INR 25
Cheque Stop Payments per Series**** INR 100
ECS Return Charges (Financial Reason) INR 25
Cheque Collection (Local Clearing) Free
Outstation Cheque Collection upto and including INR 5,000 per instrument INR 25
Outstation Cheque Collection above INR 5,000 & upto INR 10,000 per instrument INR 50
Outstation Cheque Collection above INR 10,000 & upto INR 1,00,000 per instrument INR 100
Outstation Cheque Collection above INR 1,00,000 per instrument INR 200
Notes :
  1. *Non-maintenance charges on Current Account-INR 100 Per Month/Recovered Quarterly.
  2. ***Cash Deposit Charges (Current Account): Above INR 15,000 – INR 1.50 per incremental INR 1000 or part.
  3. ****Cheque in series is considered when cheques are in continuous series of 4 or above. Kindly note cheque book facilities are available for Current Account only.
  4. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  5. For any services availed at doorstep, doorstep charges will be applicable.
  6. All charges are exclusive of GST