IPPB 2018 – Digital Savings Account – Benefits, Interest Rates
For the people who are tech savvy together with comfortable amongst technology, IPPB’s Digital Savings Account is the best way to onboard yourself through the IPPB Mobile App. This app tin travel downloaded from the play shop on your Android phone. Anyone inwards a higher identify the historic menstruation of xviii years, having Aadhaar together with PAN card, tin opened upwardly this account. The trouble organisation human relationship tin travel opened similar a shot from the comfort of your home, which way banking anytime, anywhere.
Key Account Features together with Benefits
- Banking at your convenience
- Instant self on-boarding
- Interest charge per unit of measurement of 4% p.a. on EOD daily balances, paid quarterly
- No monthly average residual required to travel maintained
- The trouble organisation human relationship tin travel opened amongst naught balance
- Free quarterly trouble organisation human relationship statement
- Simple together with minute fund transfer through IMPS
- Easy nib payments together with recharges
Eligibility to opened upwardly a Digital Savings Account
- Individuals must travel inwards a higher identify xviii years of age
- Complete the KYC formalities inside 12 months
- KYC formalities tin travel done yesteryear visiting whatever of the access points or amongst the assist of the GDS/Postman, afterward which the Digital Savings Account volition travel upgraded to a Regular Savings Account
- A maximum yearly cumulative deposit of Rs. ii lakhs is allowed inwards the account
- The trouble organisation human relationship is bailiwick to closure if the KYC is non completed inside 12 months of trouble organisation human relationship opening
- The Digital Savings trouble organisation human relationship tin travel linked to a POSA (Post Office Savings Account) afterward completion of KYC inside 12 months
Advantages of IPPB
- Multilingual client support
- No commitment of minimum balance
- Nominal charges
Notes :
- Aadhaar & PAN bill of fare is mandatory for opening Digital Savings Account.
- To avail unrestricted banking services kindly upgrade your Digital Savings Account to Regular Savings Account inside 1 yr yesteryear visiting whatever IPPB access point.
- The total cumulative credit permissible inwards the trouble organisation human relationship is INR ii Lakhs inside a year.
- Please consummate your total KYC inside 1 year. Non-compliance of the same tin final result inwards trouble organisation human relationship closure.
- *POSA (Post Office Savings Account)-In representative client convey linked POSA account, amount inwards a higher identify 1 lakh at the halt of the twenty-four hours volition travel transferred to Linked POSA account.
- **Physical Statement quarterly free, bailiwick to minimum i customer-induced transaction inwards that quarter
- The inwards a higher identify charges are bailiwick to change. IPPB reserves the correct to modify the inwards a higher identify charges every bit per its discretion.
- For whatever services availed at doorstep, doorstep charges volition travel applicable.
- All charges are exclusive of GST.
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