Current Account - India Post Payments Bank
Service Charges / Fees for Current Account
|Initial Minimum Deposit||NIL|
|Minimum Account Balance||NIL|
|Maximum End of Day Balance||INR 1,00,000|
|Linkage of POSA Account||NO|
|Monthly Average Balance (MAB)||INR 1,000|
|Non-maintenance charges on MAB*||INR 100|
|Annual Interest Rate||0.00%|
|Account Statement||Quarterly Statement Free (e-statement/ Physical statement**) |
Additional Physical Statement @ INR 50
|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|
- *Non-maintenance charges on Current Account-INR 100 Per Month/Recovered Quarterly.
- **Physical Statement quarterly free, subject to minimum one customer-induced transaction in that quarter.
- ***Cash Deposit Charges (Current Account): Above INR 15,000 – INR 1.50 per incremental INR 1000 or part.
- ****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.
- The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
- For any services availed at doorstep, doorstep charges will be applicable.
- All charges are exclusive of GST