Minimum balance

There are no restrictions for minimum account balance maintenance. The maximum amount that you can deposit is Rs 1,00,000. Maximum withdrawal limit per transaction is Rs 10,000 in India Post Payments Bank, whereas maximum daily withdrawal limit is set at Rs 25,000.

Debit card

The debit card will be offered for free, and annual maintenance charges from the second year will be Rs 100. India Post will also pay an interest of 5.5 percent annually, which is more than that of Paytm, but less compared to Airtel.

ATMs

India Post also has ATMs across a number of post offices in India. The India Post Payment Bank partnered with Punjab National Bank to offer free cash withdrawals.

In non-metro cities, you will get five free transactions per month, after Rs 8 per transaction will be charged. For metro cities, first three transactions will be free of charge, whereas after that Rs 20 per transaction will be charged.

Fund transfer charges

Users can send money to other bank accounts via NEFT, IMPS, and AEPS (Aadhaar enabled payment system). For AEPS transfer there are no charges, IMPS will attract charges of Rs 5 per transaction, NEFT transfer for up to Rs 10,000 will be charged Rs 2.5 per transaction. The amount between Rs 10,000 and Rs 1,00,000 will be charged at Rs 5 per transaction.

Doorstep banking

India Post Payments Bank offer doorstep banking services. Customers can make the cash withdrawal and deposits without having to physically go to the post office. It allows users to Deposit Cash, Cash Withdrawal, Balance enquiry and Aadhaar to Aadhaar funds transfer. The maximum amount of money that customer can deposit or withdraw is set at Rs 10,000 and charges per visit range between Rs 15 to Rs 35.