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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 Revises Doorstep Banking Service Charges: Details inside

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/ServiceDescription DSB Charges ApplicableAmount of DSB Charges to be levied (Rs)
Account ServicesOpen New Account NoNA
Send MoneyFund transferWithin IPPB AccountsYes20 + GST
Other Bank AccountsYes20 + GST
Standing Instructions Yes20 + GST
POSB Sweep In Yes20 + GST
POSB Sweep Out Yes20 + GST
Manage Beneficiary NoNA
DOP ProductsSSA Yes20 + GST
PPF Yes20 + GST
RD Yes20 + GST
LARD Yes20 + GST
Bill PaymentsMobile Prepaid NoNA
Mobile Postpaid Yes20 + GST
Bill Payments Yes20 + GST
Balance EnquiryPassbook NoNA
View balance NoNA
Last 10 transactions NoNA
Service RequestsAccount ServicesUpdate NomineeNoNA
Update PANNoNA
Aadhaar SeedingNoNA
Update mobile number/email idNoNA
Manage POSB accountNoNA
Reissue QR codeYes20 + GST
Update Statement OptionsNoNA
Requests & Complaints NoNA
Uploads NoNA
Account Upgradation NoNA
Virtual debit CardsPermanent blockNoNA
View card historyNoNA
Feedback & Suggestions NoNA
Assisted UPIAssisted UPI Yes20 + GST
InsuranceLife InsuranceBALICNoNA
Cash TransactionsCash Withdrawal Yes20 + GST
Cash Deposit Yes20 + GST
KYCRe-ekyc NoNA
AEPSippb customer NoNA
DMTSend Money NoNA
CELCAadhaar Enrolment NoNA
DLCJeevan Pramaan Certificate NoNA

Product wise DSB charges for Non-IPPB customers

Product/ServiceDescriptionDSB Charges ApplicableAmount of DSB Charges to be levied (Rs)
CELCAadhaar EnrolmentNONA
DLCJeevan Pramaan CertificateNONA

Read more about: ippb
Story first published: Tuesday, July 13, 2021, 17:33 [IST]
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