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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 2,00,000
Nomination Facility Available
Linkage of POSA Account NO
Monthly Average Balance (MAB) NIL
Non-maintenance charges on MAB* NA
Annual Interest Rate 0.00%
Interest Payment NA
SMS Alerts INR 10 Quarterly
Account Statement Free Monthly e-statement**
QR Card Free
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
Bill Payments/ Re-charge Free
Cash deposit charges Free upto INR 15,000/ day***
Cash withdrawal charges Free
Virtual Debit Card Issuance INR 25
Virtual Debit Card Reissuance NIL
Notes :
  1. *Applicable from 1st Jan 2021 till further notice.
  2. **If customer updated his/her valid email ID. On request physical statement @ INR 50+GST upto 1 year and above the 1 year Rs. 100 + GST.
  3. ***Cash Deposit Charges (Current Account): Above INR 15,000 – INR 1.50 per incremental INR 1000 or part.
  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. Virtual Debit Card issuance charge is including all Taxes.