Remittances/Funds Transfers - India Post Payments Bank
Service Charges / Fees for Remittances / Funds Transfers
Domestic Remittances /Money Transfer
- 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 |
- 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.
- *1% of transaction amount subject to a minimum of Rs. 1 and maximum of Rs. 20 per transaction.
- 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