How many transactions are free in IPPB?

Free transaction limits vary by account type. Regular Savings Accounts allow free cash deposits up to ₹10,000 and withdrawals up to ₹25,000 per month. Beyond these limits, nominal charges apply.

Are IPPB SMS charges per SMS or monthly?

IPPB SMS alerts are charged per SMS at ₹0.25 + GST quarterly. Some accounts, like Basic Savings, may offer free alerts.

Is an IPPB debit card free?

Basic Savings Accounts often get virtual debit cards free. Other accounts may charge ₹25 for issuance, with some accounts also having reissuance or annual maintenance fees.

How much does it charge for an IPPB account?

Charges vary by account type and service, ranging from free basic transactions to ₹50 per service. Fund transfers and card services may incur additional fees.

What is the limit of IPPB per day?

Daily transaction limits depend on account type and mode. Fund transfers range from ₹2,000 to several lakhs, while Aadhaar-based transfers are capped at ₹10,000 per day.

Are IPPB SMS charges free?

No, India Post Payments Bank (IPPB) SMS alert charges are not free. A nominal fee of ₹0.25 plus GST applies per SMS, though basic accounts may have specific monthly allowances.

IPPB Charges

India Post Payments Bank (IPPB) offers seamless, doorstep digital banking powered by the Department of Posts network. While intra-bank money transfers and basic account operations are generally fee-free, specific service fees range from nominal charges (such as ₹0.25 + GST for SMS alerts) up to ₹149 + GST for premium savings account charges.

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IPPB Charges For Different Services

IPPB applies specific charges depending on the product or service you choose. Below listed are the IPPB charges for key Post Office services:

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 + GST per transaction after free limit
AePS Cash Deposit (non-IPPB Network)	₹20 per transaction after free limit
AePS Mini Statement (non-IPPB Network)	₹5 + GST per transaction after free limit
QR Card	Free
Non-maintenance Charges on MAB	NIL

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 Charges	₹150
Cash Deposit Charges	NA
Cash Withdrawal Charges	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. Here 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.

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 (INR)	Charges at Access Point & Doorstep		Charges for Mobile Banking
Mode of Money Transfer	Transaction size (INR)	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
RTGS	Above 5 Lakh	INR 49.50	INR 49.50	INR 49.50	INR 49.50
AePS Fund transfer	Up to 10,000	1% of Transaction Amount	1% of Transaction Amount	NA	NA

Key Takeaways

India Post Payments Bank offers mostly free digital banking with tiered pricing for specialized services. Free limits apply to cash deposits and withdrawals, while SMS alerts cost ₹0.25 + GST per message. Charges for virtual debit cards, IMPS, NEFT, RTGS, and AePS depend on transaction slabs, whereas intra-bank transfers remain completely free. Premium account holders enjoy higher transaction limits and priority services.

FAQs

How many transactions are free in IPPB?

Free transaction limits vary by account type. Regular Savings Accounts allow free cash deposits up to ₹10,000 and withdrawals up to ₹25,000 per month. Beyond these limits, nominal charges apply.
Are IPPB SMS charges per SMS or monthly?

IPPB SMS alerts are charged per SMS at ₹0.25 + GST quarterly. Some accounts, like Basic Savings, may offer free alerts.
Is an IPPB debit card free?

Basic Savings Accounts often get virtual debit cards free. Other accounts may charge ₹25 for issuance, with some accounts also having reissuance or annual maintenance fees.
How much does it charge for an IPPB account?

Charges vary by account type and service, ranging from free basic transactions to ₹50 per service. Fund transfers and card services may incur additional fees.
What is the limit of IPPB per day?

Daily transaction limits depend on account type and mode. Fund transfers range from ₹2,000 to several lakhs, while Aadhaar-based transfers are capped at ₹10,000 per day.
Are IPPB SMS charges free?

No, India Post Payments Bank (IPPB) SMS alert charges are not free. A nominal fee of ₹0.25 plus GST applies per SMS, though basic accounts may have specific monthly allowances.

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^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).