The Post Office Premium Aarogya Savings Account, offered by India Post Payments Bank (IPPB), is a unique savings solution that combines everyday banking with essential health and wellness benefits. A virtual debit card is issued for free.
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under
10(10D))
What is the Post Office Premium Aarogya Savings Account?
The Post Office Premium Aarogya Savings Account from India Post Payments Bank (IPPB) is a zero-balance savings account that lets customers save up to ₹2 lakh and earn quarterly IPPB interest rates. If you have more than ₹2 lakh, the extra amount can move into a linked Post Office Savings Account (POSA).
Key Features of Post Office Premium Aarogya Savings Account
The Post Office Premium Aarogya Savings Account offers banking convenience and health benefits. Here are the main features:
Zero Balance Account: There is no minimum balance needed in this account. You can keep any amount you want, even if the balance is low.
Attractive Interest Rates: You can earn Post Office savings account interest rates of 2% per year on money up to ₹1 lakh and 2.25% interest per year on amounts between ₹1 lakh and ₹2 lakh. The interest is calculated daily and added to your account every three months.
Free Doorstep Banking: This account comes with free doorstep banking. You can deposit or take out cash from your home. Doorstep charges are applicable.
Wellness Benefits: You can have unlimited calls or video chats with doctors, get up to 40% discount on tests, and up to 15% discount on medicines from partner shops.
Account Closure Charges: If the account is closed after three months of opening or upgrading, a charge of ₹50 + GST will apply.
How to Open a Post Office Premium Aarogya Savings Account?
You can open the Post Office Premium Aarogya Savings Account at any IPPB branch, Post Office access point, or even request doorstep service.
Request Doorstep Service: Go to the nearest IPPB branch or Post Office, or ask an IPPB representative to visit your home.
Complete e‑KYC: Provide your Aadhaar and other required documents for quick electronic KYC verification.
Pay the Opening Fee: Pay a one‑time account opening charge of ₹149 + GST to start the account.
Make the First Deposit: Deposit at least ₹200 as the initial amount to activate the account.
Pay the Annual Renewal Fee: Pay ₹99 + GST annually to keep the wellness benefits ongoing once the account is active.
Eligibility to Open Post Office Premium Aarogya Savings Account
Opening this account is simple and available to most individuals. Below are the eligibility criteria:
Age Limit: Indian residents aged 18 to 70 years can open this account.
Residency: Only resident individuals (not NRIs or firms) are eligible.
KYC Requirement: A valid e-KYC (electronic Know Your Customer) verification is mandatory at the time of account opening.
Medical Check-up: Under this account, you are not required to take advantage of wellness benefits.
Key Takeaways
The Post Office Premium Aarogya Savings Account offers more than the Post Office Savings Schemes to save money. It gives customers interest on balances up to ₹2 lakh, free services like doorstep banking and QR payments, and a simple zero balance structure. For those managing higher savings, it also helps to know how to link POSA to IPPB, so any extra funds above ₹2 lakh can be smoothly transferred into a Post Office Savings Account.
FAQs
What is the interest rate for the Post Office Premium Aarogya Savings Account?
You can earn 2.00% to 2.25% interest per annum, depending on the balance maintained in the Post Office Premium Aarogya Savings Account.
Is a medical check-up required to use the wellness benefits under this account?
No, a medical check-up is not required to access the health benefits the Post Office Premium Aarogya Savings Account offers.
Can the Post Office Premium Aarogya Savings Account be opened online?
No, the Post Office Premium Aarogya Savings Account must be opened at an IPPB branch, Post Office access point, or through doorstep banking service.
˜Top 5 plans based on annualized premium, for bookings made through https://www.policybazaar.com in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
Past 10 Years' annualised returns as on 01-08-2025
^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.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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).
Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
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