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Service Charges / Fees for Remittances / Funds Transfers

Domestic Remittances /Money Transfer

First Money Transfer Free: Up to INR 500 within 90 days of account opening.

Mode of Money Transfer

Transaction size

Charges at Access Point & Doorstep

Charges for Mobile Banking

Intra Bank(IPPB account to IPPB account)

Free

Free

Free

 

 

 

IMPS

Up to 2,000

INR 10

INR 05

2,001-5,000

INR 20

INR 05

Above 5,000

INR 50

INR 10

 

 

 

 

NEFT

Up to 10,000

INR 2.25

INR 2.25

10,001 to 1 Lakh

INR 4.75

INR 4.75

1 Lakh to 2 Lakh

INR 14.75

INR 9.75

Above 2 Lakh

INR 24.75

INR 19.75

 

 

 

RTGS

2 Lakh to 5 Lakh

INR 24.50

INR 24.50

Above 5 Lakh

INR 49.50

INR 49.50

 

 

 

 

  1. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  2. For any services availed at doorstep, doorstep charges will be applicable.
  3. All charges are exclusive of GST
     

Limits on Money Transfer - IPPB Mobile Banking App

Savings Account

Payment System

Minimum Amount

Maximum Amount Per Transaction Limit

Per Day Limit

NEFT

INR 1

INR 1,00,000

INR 1,00,000

RTGS

INR 2,00,000

INR 5,00,000

INR 5,00,000

IMPS

INR 5

INR 50,000

INR 50,000

Current Account

Payment System

Minimum Amount

Maximum Amount Per Transaction Limit

Per Day Limit

NEFT

INR 1

INR 1,00,000

INR 2,00,000

IMPS

INR 5

INR 50,000

INR 50,000

Limits on Money Transfer – IPPB Assisted Mode

Payment System

Minimum Amount

Maximum Amount Per Transaction Limit

Per Day Limit

NEFT

INR 1

No Limit

No Limit

RTGS

INR 2,00,000

No Limit

No Limit

IMPS

INR 5

INR 2,00,000

INR 2,00,000

 

 

 

 

Limits of Cash Deposit & Cash Withdrawal at Access Points & Doorstep

 

Savings Account

Current Account

Cash Deposit

Cash Withdrawal

Cash Deposit

Cash Withdrawal

Head Post Office

No Limit

INR 20,000

No Limit

INR 20,000

Sub Post Office

No Limit

INR 20,000

No Limit

INR 20,000

Branch Post Office

INR 5,000

INR 5,000

INR 20,000

INR 20,000

Gramin Dak Sevak/ Postman at Doorstep

INR 5,000

INR 5,000

INR 20,000

INR 20,000


*Limits are per customer per day

Payment System Timings

Payment System

Days

Timings

Remarks

NEFT

Monday to Saturday (Except 2nd and 4th Saturday and bank holidays)

8:00 AM to 7:00 PM

The Funds transfer request made after 6:30 PM will be processed on next working day. Transaction initiated on 2nd Saturday , 4th Saturday, Sunday and on non RTGS working days will be settled on next RTGS working day.

RTGS

Monday to Saturday (Except 2nd and 4th Saturday and bank holidays)

8:00 AM to 5:45 PM

Transaction through Branches - As per Branch working Hours

IMPS

All Days including Sunday and Bank Holidays

24x7

 

UPI(Assisted)

All Days including Sunday and Bank Holidays

24x7

It is meant for assisted mode only and cannot be initiated from IPPB Mobile banking.

 

                                            Bill Payments: Free*

*Only Doorstep Banking Charges will be applicable 

1.    For any services availed at doorstep, doorstep charges will be applicable.

2.    All charges are exclusive of GST