One can also avail funds transfer modes of NEFT, IMPS, RTGS through IPPB account. The biggest advantage of the QR card is that one need not remember the account number or any password to undergo banking activities as the authentication can be done using the biometrics of the account holder. The frequency of payout is quarterly for the account holders.Ī unique feature of India Post Payments Bank savings account is its ‘ banking with QR card’. The account balance up to Rs 1 lakh was revised to 2.5 per cent per annum while on balance above Rs 1 lakh up to Rs 2 lakh, there is no change and account holders will continue to earn 2.75 per cent per annum. The actual fee will be calculated after taking into account the GST or CESS which will be levied at the applicable rates.Įarlier, India Post Payments Bank had revised its Doorstep banking charges effective from 01st August 2021 which is Rs 20 for each request per customer.įrom July 1, 2021, the interest rate on savings accounts was revised which depends on the account balance.

10,000 per month and thereafter, a charge of 0.50% of the value subject to minimum Rs. In the Savings (other than Basic SA) and Current Accounts, the cash deposits will be Free up to Rs. Your Money: Rate cuts coming, but how soon?