IPPB Interest Rate reduced to 3.5% p.a from 4% p.a. w.e.f 1st February, 2020

IPPB Interest Rate reduced to 3.5% p.a from 4% p.a. w.e.f 1st February, 2020

This is to inform all the concerned that India Post Payments Bank has changed its interest rate on all the customer variants of Savings Accounts as per the Asset Liability Committee approved policy from existing 4% p.a. to 3.5% p.a. which will be paid quarterly (Computed On The Daily EOD Balance) to the customers with effect from 01st February, 2020.
Gursharan Rai Bansal
(CSMO)