Pre Priced Savings Account (SBPRM): IPPB Premium Khata

Based on customers different banking needs and expectations and different customer profiles IPPB is launching Premium Account for affording customers.

Product Nomenclature:

• Premium Khata

Product Scheme Code:

• SBPRM (for savings account)

Product launch timelines:

• We are launching SBPRM in phase wise manner.

• Presently SBPRM account opening variant is live on the CBS platform

( Coming Soon On Micro ATM )

Product Features:

• Unlimited Free Doorstep Banking services (Will be offered as cash back currently.)
• Unlimited Free Cash Deposit/ Withdrawal services.
• 2,000 Monthly Average Balance to be maintained, Zero Non Maintenance charges.( If the Annual Average MAB of Rs. 2000/- requirement is not fulfilled, account will be downgraded to normal scheme code account after 1-year of “Premium Account” subscription )

Minimum balance to open an premium khata account is Rs 200/-

Premium Account is a subscription based product where the customer will pay initial subscription fee of 149+GST first year and then 99+GST annually. In return, we will provide customers value added services at reduced cost or free of charges. It will help build a long term relation with the customer.

Request your good office to give necessary instructions to all the HO/SO CBS Finacle end users to kindly give wide publicity & open maximum IPPB 'Premium Khata' accounts, in case of LOGIN/REMAPPING of ID’s, IPPB Branch may be contacted immediately with a CC to the undersigned for faster action.

Thanks and Regards,

Suresh V P

Circle Office - Karnataka Circle

Bengaluru – 560025

Mob: 9108274160