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