What are IPPB Charges Across Different Services?
IPPB applies specific charges depending on the product or service you choose. Key Post Office services where IPPB charges are applicable include:
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Post Office Regular Savings Account
This account provides easy deposits, withdrawals, basic banking services, and a competitive India Post savings account interest rate. The table below outlines the India Post Payment Bank Charges for Post Office Regular Savings Accounts:
| Service |
IPPB Charges |
| SMS Alerts |
Actual usage is charged quarterly at ₹0.25 + GST per SMS |
| Cash Deposit |
Free up to ₹10,000 per month; thereafter 0.50% of transaction value (minimum ₹25 per transaction) |
| Cash Withdrawal |
Free up to ₹25,000 per month; thereafter 0.50% of transaction value (minimum ₹25 per transaction) |
| Virtual Debit Card – Issuance |
₹25 |
| Virtual Debit Card – Reissuance |
₹25 |
| Virtual Debit Card – Annual Maintenance |
₹25 |
| AePS Cash Withdrawal (non-IPPB network) |
₹20 per transaction after free limit |
| AePS Cash Deposit (non-IPPB network) |
₹20 per transaction after free limit |
| AePS Mini Statement (non-IPPB network) |
₹5 per transaction after free limit |
| QR Card |
Free |
| Non-maintenance Charges on MAB |
Not Applicable |
-
Post Office Current Account
It is designed for merchants and businesses, offering higher cash handling limits, instant fund transfers, and zero interest on deposits. The following table summarises the key charges for Post Office Current Account services and transactions:
| Service |
IPPB Charges |
| SMS Alerts |
Actual usage is charged quarterly at ₹0.25 + GST per SMS |
| Cash Deposit |
Free up to ₹10,000 per month; thereafter 0.50% of transaction value (minimum ₹25 per transaction) |
| Cash Withdrawal |
Free up to ₹25,000 per month; thereafter 0.50% of transaction value (minimum ₹25 per transaction) |
| Virtual Debit Card – Issuance |
₹25 |
| Virtual Debit Card – Reissuance |
₹25 |
| Virtual Debit Card – Annual Maintenance |
₹25 |
| AePS Cash Withdrawal (non-IPPB Network) |
₹20 per transaction after free limit |
| AePS Cash Deposit (non-IPPB Network) |
₹20 per transaction after free limit |
| AePS Mini Statement (non-IPPB Network) |
₹5 per transaction after free limit |
| QR Card |
Free |
| Non-maintenance Charges on MAB |
Not Applicable |
-
Post Office DigiSmart Savings Account
Post Office DigiSmart Savings account is a mobile-based account opened through the IPPB app, suitable for customers who prefer digital access with fewer branch visits. Here are the IPPB charges applicable to its various services:
| Service |
IPPB Charges |
| Account Opening / Subscription |
₹149 + GST (non-refundable) |
| Initial Minimum Deposit |
₹200 (post account opening) |
| Monthly Average Balance (MAB) |
Nil (no requirement) |
| Non-maintenance Charges on MAB |
Not applicable |
| SMS Alerts |
₹0.25 + GST per SMS
(Capped at ₹100 + GST per quarter) |
| Account Statement |
Free monthly e-statement
Physical: ₹50 + GST (≤1 year), ₹100 + GST (>1 year) |
| Bill Payments / Recharges |
Free |
| Account Closure |
₹150 |
| Cash Deposit |
NA |
| Cash Withdrawal |
NA |
| Virtual Debit Card Issuance |
₹25 (including all taxes) |
-
Post Office Basic Savings Account
It is a no-frills option with no minimum balance requirement, providing essential services for pensioners and first-time account holders. The following charges apply to the Post Office Basic Savings Account services:
| Service |
IPPB Charges |
| SMS Alerts |
Free |
| Cash Deposit |
Free |
| Cash Withdrawal |
Free for up to 4 transactions per month; thereafter 0.50% of transaction value (minimum ₹25 per transaction) |
| Virtual Debit Card – Issuance |
Free |
| Virtual Debit Card – Reissuance |
Nil |
| Virtual Debit Card – Annual Maintenance |
Nil |
-
Post Office Premium Savings Account
This account offers higher free transaction limits, cheque books, and priority banking services for customers with frequent transactions. The table below lists the key charges applicable to the Post Office Premium Savings Account:
| Service |
IPPB Charges |
| Account Opening / Subscription Charges |
₹149 + GST |
| Annual Renewal Charges |
₹99 + GST |
| SMS Alerts |
Actual usage is charged quarterly at ₹0.25 + GST per SMS |
| QR Card |
Free |
| Account Closure Charges |
₹50 + GST, if the account is closed after 3 months of account opening/ upgradation |
| Cash Deposit |
Free |
| Cash Withdrawal |
Free |
| Virtual Debit Card – Issuance |
₹25 |
| Virtual Debit Card – Reissuance |
Nil |
| Virtual Debit Card – Annual Maintenance |
Nil |
| AePS Cash Withdrawal (non-IPPB Network) |
₹20 per transaction after free limit |
| AePS Cash Deposit (non-IPPB Network) |
₹20 per transaction after free limit |
| AePS Mini Statement (non-IPPB Network) |
₹5 per transaction after free limit |
| Non-maintenance charges on MAB |
NA |
-
Post Office Premium Aarogya Savings Account
The Post Office Premium Aarogya Savings Account provides premium banking features and health coverage benefits, such as medical discounts, while earning regular interest on balances. These are the key charges associated with it:
| Service |
IPPB Charges |
| Account Opening / Subscription Charges |
₹149 + GST |
| Annual Renewal Charges |
₹99 + GST |
| SMS Alerts |
Actual usage is charged quarterly at ₹0.25 + GST per SMS |
| QR Card |
Free |
| Account Closure Charges |
₹50 + GST if the account is closed after 3 months of opening/upgradation |
| Cash Deposit |
Free |
| Cash Withdrawal |
Free |
| Virtual Debit Card – Issuance |
₹25 |
| Virtual Debit Card – Reissuance |
Nil |
-
Intra-bank Transfers (IPPB to IPPB)
Transfers between IPPB accounts are completely free of charge. Customers can perform these transactions digitally via the IPPB app or internet banking. Branch-based transfers are also free, ensuring convenience for all account holders without incurring fees.
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IPPB Charges for Digital and Aadhaar-Based Fund Transfers
The following are the applicable IPPB charges for fund transfers across savings and current accounts through access points, doorstep banking, and mobile banking:
| Mode of Money Transfer |
Transaction Size |
IPPB Charges at Access Point & Doorstep |
IPPB Charges for Mobile Banking (Savings Account |
IPPB Charges for Mobile Banking (Current Account) |
| IMPS (Immediate Payment Service) |
Up to ₹2,000 |
₹10 |
₹5 |
₹5 |
| ₹2,001 - ₹5,000 |
₹20 |
₹5 |
₹5 |
| Above ₹5,000 |
₹50 |
₹10 |
₹10 |
| NEFT (National Electronic Fund Transfer) |
Up to ₹10,000 |
₹2.25 |
Nil |
₹2.25 |
| ₹10,001 - ₹1,00,000 |
₹4.75 |
Nil |
₹4.75 |
| ₹1,00,001 - ₹2,00,000 |
₹14.75 |
Nil |
₹14.75 |
| Above ₹2,00,000 |
₹24.75 |
Nil |
₹24.75 |
| RTGS (Real Time Gross Settlement) |
₹2,00,000 - ₹5,00,000 |
₹24.50 |
₹24.50 |
₹24.50 |
| Above ₹5,00,000 |
₹49.50 |
₹49.50 |
₹49.50 |
| AePS Fund Transfer (Aadhaar to Aadhaar Transfer) |
Up to ₹10,000 |
1% of Transaction Amount |
NA |
NA |
Key Takeaways
India Post Payments Bank applies specific charges based on account type, with most digital services offered free or at minimal cost. Free cash deposit and withdrawal limits exist, while exceeding them incurs small fees. Virtual debit card issuance, reissuance, and annual maintenance vary by account. SMS alerts are generally charged at ₹0.25 + GST per SMS, though Basic Savings Accounts may have free alerts. Fund transfers like IMPS, NEFT, RTGS, and AePS have tiered charges, while intra-bank transfers remain free. Premium accounts offer higher limits, priority services, and additional benefits. Understanding these IPPB charges helps manage banking costs efficiently.
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