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What are the charges of IPPB account?

Service Charges / Fees for Regular Savings Account EligibilityAnybody above 10 years with KYCCash withdrawal chargesFree, up to Rs. 25,000 per month. Post free limit, Charges 0.50% of the transaction value subject to minimum Rs. 25 per transactionVirtual Debit Card IssuanceINR 25Virtual Debit Card ReissuanceINR 2519 more rows

Can IPPB account be closed?

A maximum yearly cumulative deposit of Rs. 1,20,000 is allowed in the account. The account is subject to closure if the KYC is not completed within 12 months of account opening. The Digital Savings account can be linked to a POSA (Post Office Savings Account) after completion of KYC within 12 months.

Why my IPPB account is closed?

The account is subject to closure if the KYC is not completed within 12 months of account opening. The Digital Savings account can be linked to a POSA (Post Office Savings Account) after completion of KYC within 12 months.

What is the limit of IPPB account?

Limits on Money Transfer - IPPB Mobile Banking App Savings AccountPayment SystemMinimum AmountMaximum Amount Per Transaction LimitNEFTINR 1INR 1,00,000RTGSINR 2,00,000INR 5,00,000IMPS UPI**INR 5 INR 1INR 50,000 INR 25,0004 more rows

How long it will take to activate IPPB account?

A. The approval process takes approximately 24 hours or less after all necessary application information is received.

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How do I close my Post Office online savings account?

The account may be closed at any time by the account holder by surrendering the passbook, unused or partially used cheque book, if any, etc. to the accounts office, along with the application in Form-2 for closure of the account.

What is the charges for the lack of the minimum account balance in IPPB?

Service Charges / Fees for Basic Savings Account EligibilityAnybody above 10 years with KYCQR CardFREESetting of Standing Instruction ChargesFreeAccount Closure ChargesNILBalance certificate per InstanceINR 5017 more rows

How do I close a Post Office account?

Closing your Post Office card account To close the account, you'll need to collect a P6703 account closure form from your local Post Office, or you can call the Post Office contact centre to send you one. They can also help you fill it in.

Is IPPB account zero balance?

A digital savings account in IPPB account can be opened with zero balance. India Post Payments Bank (IPPB), a state-owned payments bank, offers three types of zero balance savings accounts - regular savings account, digital savings account, and basic savings bank deposit account.

What is the minimum balance in IPPB account?

No monthly average balance required to be maintained. The account can be opened with zero balance. Free monthly e-statement.

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