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IPPB Revises Doorstep Banking Service Charges: Details inside
India Post Payments Bank (IPPB) provides Doorstep Banking(DSB) services to its customers across the country which they can avail of without stepping out from their comfort zone. With the Doorstep Banking Services service of IPPB, you can establish a bank account, make fund transfers, make deposits and withdraw cash, recharge or pay bills, purchase life insurance and general insurance, and more with minimal charges. India Post Payments Bank has amended its Doorstep banking charges, which will be effective from August 1, 2021.
IPPB Doorstep Banking Service Charges Applicable from 1st August 2021
According to the official website of India Post Payments Bank (IPPB) here are the revised doorstep banking service (DSP) charges which will go into effect from August 1, 2021:
- Flat INR 20/- plus GST per doorstep visit per customer serviced beyond 1Km from the Post Office."
- No limit on number of transactions during a DSB visit for one customer (CIF). If in the same visit another customer is served, this will be considered as separate DSB delivery and will be chargeable.
- Charges applicable on individual product or service availed during DSB visit will be as per "Schedule of charges" and will be in addition to the DSB charges.
Product wise DSB charges for IPPB customers
| Product/Service | Description | DSB Charges Applicable | Amount of DSB Charges to be levied (Rs) | |
|---|---|---|---|---|
| Account Services | Open New Account | No | NA | |
| Send Money | Fund transfer | Within IPPB Accounts | Yes | 20 + GST |
| Other Bank Accounts | Yes | 20 + GST | ||
| Standing Instructions | Yes | 20 + GST | ||
| POSB Sweep In | Yes | 20 + GST | ||
| POSB Sweep Out | Yes | 20 + GST | ||
| Manage Beneficiary | No | NA | ||
| DOP Products | SSA | Yes | 20 + GST | |
| PPF | Yes | 20 + GST | ||
| RD | Yes | 20 + GST | ||
| LARD | Yes | 20 + GST | ||
| Bill Payments | Mobile Prepaid | No | NA | |
| Mobile Postpaid | Yes | 20 + GST | ||
| Bill Payments | Yes | 20 + GST | ||
| Balance Enquiry | Passbook | No | NA | |
| View balance | No | NA | ||
| Last 10 transactions | No | NA | ||
| Service Requests | Account Services | Update Nominee | No | NA |
| Update PAN | No | NA | ||
| Aadhaar Seeding | No | NA | ||
| Update mobile number/email id | No | NA | ||
| Manage POSB account | No | NA | ||
| Reissue QR code | Yes | 20 + GST | ||
| Update Statement Options | No | NA | ||
| Requests & Complaints | No | NA | ||
| Uploads | No | NA | ||
| Account Upgradation | No | NA | ||
| Virtual debit Cards | Permanent block | No | NA | |
| View card history | No | NA | ||
| Feedback & Suggestions | No | NA | ||
| Assisted UPI | Assisted UPI | Yes | 20 + GST | |
| Insurance | Life Insurance | BALIC | No | NA |
| Cash Transactions | Cash Withdrawal | Yes | 20 + GST | |
| Cash Deposit | Yes | 20 + GST | ||
| KYC | Re-ekyc | No | NA | |
| AEPS | ippb customer | No | NA | |
| DMT | Send Money | No | NA | |
| CELC | Aadhaar Enrolment | No | NA | |
| DLC | Jeevan Pramaan Certificate | No | NA | |
| PMJJBY | PMJJBY | No | NA | |
| Source: https://www.ippbonline.com/ |
Product wise DSB charges for Non-IPPB customers
| Product/Service | Description | DSB Charges Applicable | Amount of DSB Charges to be levied (Rs) |
|---|---|---|---|
| AEPS | Non IPPB customer | NO | NA |
| DMT | Send Money | NO | NA |
| CELC | Aadhaar Enrolment | NO | NA |
| DLC | Jeevan Pramaan Certificate | NO | NA |
| Source: https://www.ippbonline.com/ |
Story first published: Tuesday, July 13, 2021, 17:33 [IST]
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