If you are the account holder of the, then it is especially important news for you. As IPPB is going to impose the charges on the cash deposits, cash withdrawal as well as on the Aadhaar Enabled Payment System (AEPS) transactions from April 1. The charges have been imposed when the user will end their free limits.
PPB Cash Transaction charges (From April 1, 2021)
• Essential Savings Account
• Money Withdrawal: Free up to 4 exchanges each month; Post free breaking point, 0.50% of the worth subject to least Rs. 25 for each exchange.
• Essential Savings Account: Cash Deposits will stay free.
• Investment funds (other than Basic Account) and Current Accounts: Cash Withdrawal free, up to Rs. 25000 every month.
• Without post breaking point, 0.50% of the worth subject to least Rs. 25 for each exchange.
• Reserve funds (other than Basic Account) and Current Accounts: Cash Deposits Charges free, up to Rs. 10000 every month; without post breaking point, 0.50% of the worth subject to least Rs. 25 for each exchange.
IPPB AePS Transaction charges
• Free Limit for AePS exchanges
• Free Unlimited exchanges over IPPB organization (Acquirer exchanges): Non-IPPB client served by IPPB organization.
• Up to 3 Transactions over Non-IPPB Network (Issuer Transactions) each month (counting AePS Cash Deposit, Withdrawal and Mini-Statement): IPPB Customer executing on other Network.
• AePS Cash Deposit-Post free breaking point, Rs. 20 for each exchange.
• AePS Mini Statement sans post cut off, Rs. 5 for each exchange.
• AePS Fund Transfer-1% of exchange sum subject to at least Rs. 1 and limit of Rs. 20 for every exchange
Aadhya Purchase Pay-Free The above IPPB charges are select of GST/CESS which will be collected at the pertinent rates. According to the rules for Payment Banks, they cannot acknowledge stores of more than Rs 1 lakh from one record holder and are not permitted to loan cash. In any case, they may offer any remaining types of assistance, for example, ATM card, store move, charge installments, re-energizes, net banking and so forth to the record holders.
As of now, the kinds of bank account that can be opened in India Post Payments Bank (IPPB) are – Regular bank account, a Basic Savings Bank Deposit Account (BSBDA), and the Digital Savings Account. A novel element of India Post Payments Bank investment account is it's' keeping money with QR card'. One can likewise benefit supports move methods of NEFT, IMPS, RTGS through IPPB Mobile Banking App or through IPPB Assisted Mode.