Remittances/Funds Transfers - India Post Payments Bank

Domestic Remittances /Money Transfer

1. Charges on Money Transfer:

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

Mode of Money Transfer	Transaction size (INR)	Charges at Access Point & Doorstep		Charges for Mobile Banking
		Savings Account	Current Account	Savings Account	Current Account
Intra Bank (IPPB to IPPB account)	Free	Free	Free	Free	Free
IMPS	Up to 2,000	INR 10	INR 10	INR 05	INR 05
	2,001-5,000	INR 20	INR 20	INR 05	INR 05
	Above 5,000	INR 50	INR 50	INR 10	INR 10
NEFT	Up to 10,000	INR 2.25	INR 2.25	NIL	INR 2.25
	10,001 to 1 Lakh	INR 4.75	INR 4.75	NIL	INR 4.75
	1 Lakh to 2 Lakh	INR 14.75	INR 14.75	NIL	INR 14.75
	Above 2 Lakh	INR 24.75	INR 24.75	NIL	INR 24.75
RTGS	2 Lakh to 5 Lakh	INR 24.50	INR 24.50	INR 24.50	INR 24.50
	Above 5 Lakh	INR 49.50	INR 49.50	INR 49.50	INR 49.50
AePS Fund transfer* (Aadhaar–Aadhaar Transfer)	Up to 10,000	1% of Transaction Amount	1% of Transaction Amount	NA	NA

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. *1% of transaction amount subject to a minimum of Rs. 1 and maximum of Rs. 20 per transaction. 
4. 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 2,00,000
RTGS	INR 2,00,000	INR 5,00,000
IMPS	INR 5	INR 50,000	INR 2,00,000
UPI**	INR 1	INR 25,000	INR 25,000
Current Account
Payment System	Minimum Amount	Maximum Amount Per Transaction Limit	Per Day Limit
NEFT	INR 1	INR 2,00,000
IMPS	INR 5	INR 50,000	INR 2,00,000
UPI**	INR 1	INR 25,000	INR 25,000

 

** Maximum amount per transaction is 2,000 Rs. for UPI collect request. There is a cooling period limit for new user in which maximum Rs. 5,000 worth of transactions can be done in first 24 hours. The daily and per transaction limit of UPI payments using IPPB mobile banking application is 5,000 Rs.

Limits on Money Transfer – IPPB Assisted Mode

Payment System	Minimum Amount	Maximum Amount Per Transaction Limit	Per Day Limit
NEFT	INR 1	INR 2,00,000
IMPS	INR 5	INR 50,000	INR 2,00,000
UPI	INR 1	INR 10,000	INR 20,000

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	INR 2,00,000	INR 2,00,000	INR 2,00,000	INR 2,00,000
Sub Post Office	INR 2,00,000	INR 2,00,000	INR 2,00,000	INR 2,00,000
Branch Post Office	INR 25,000	INR 25,000	INR 25,000	INR 25,000
Gramin Dak Sevak/ Postman at Doorstep	INR 25,000	INR 25,000	INR 25,000	INR 25,000

*Limits are per customer per day

Domestic Money Transfer Limits

Customer type	Amount Per Transaction	Amount Per Month Cumulative
Low KYC	INR 5,000	INR 25,000

Payment System Timings

Payment System	Days	Timings	Remarks
NEFT	All Days including Sunday and Bank Holidays	24x7
RTGS	All Days including Sunday and Bank Holidays	24x7	Transaction through Branches - As per Branch working Hours. Due to the limitation of 2 Lac balance and un-availability of Sweep-in after 8:00 PM, Mobile Banking app outward RTGS transaction is subject to the availability of balance received via Inward RTGS/fund transfer.
IMPS	All Days including Sunday and Bank Holidays	24x7
UPI(Assisted & Self-Service)	All Days including Sunday and Bank Holidays	24x7

   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