Tuesday, 21 August 2018

Basic Savings Account - IPPB

Basic Savings Account - IPPB

This savings account has all the features and benefits offered by the Regular Savings Account (except that it allows only four cash withdrawals in a month). The aim of the basic savings account is to provide primary banking services at a very nominal charge.

Key Account Features and Benefits

  • Banking at your convenience
  • Instant and paperless account opening
  • Interest rate of 4% p.a. on EOD daily balances, paid quarterly
  • No monthly average balance required to be maintained
  • The account can be opened with zero balance
  • Free quarterly account statement
  • Mini statement through SMS
  • Simplified banking services through QR card
  • Instant fund transfer through IMPS
  • Easy bill payment and recharges
  • Can be linked to a POSA (Post Office Savings Account)

What makes us different

  • Free account opening at your doorstep
  • Assisted services through the GDS, as and when required
  • Availability of funds at your doorstep, upon request
  • Bill payment facility at your doorstep
  • Simple and secure banking with QR card
  • Multilingual customer support
  • Rates
  • No commitment of minimum balance
  • Nominal charges
  • Day end balance above Rs. 1 lakh can be swept out to a
  • linked POSA (Post Office Savings Account)
  • Access to our growing merchant network through IPPB
  • QR card
  • Four cash withdrawals allowed in a month

Interest rates Frequency of payout

4.0% per annum Quarterly


Post a Comment