I am a bank executive in IPPB and I think I can help you out with understanding IPPB saving account interest rate. As per my knowledge, the Department of Posts recently formed the India Post Payments Bank as a public sector business with 100% GOI shareholding. In collaboration with insurance providers, mutual fund houses, pension providers, financial institutions, international money transfer organisations, etc., IPPB will provide demand deposits including such current and savings accounts up to a balance of Rs 1 Lac, digitalized payments and remittance services of all sorts among organisations and individuals, as well as availability to third-party financial services also including insurance, mutual funds, pension, credit products, forex, and more.
Buy your dream home by applying for home loans at an interest rate starting at 7.3% on NoBroker.But before I tell you about the IPPB account interest rate, I will tell you about the features of IPPB.
Key Features of IPPB
Financial literacy
Payments for government DBT programmes including MNREGA earnings, Social Security pensions, and scholarships may be accessed by beneficiaries immediately through their IPPB bank accounts with little to no friction.
Ease of accessibility
Financial inclusion
What is interest rate in IPPB?
| Type of Account | Annual Interest Rate | Interest Payment |
Regular Savings Account |
Balance up to INR 1 Lakh - 2.00% Balances above INR 1 Lakh & up to INR 2 Lakh – 2.25% |
Quarterly |
Digital Savings Account |
2.00% |
Quarterly |
Basic Savings Account |
Balance up to INR 1 Lakh - 2.00% Balances above INR 1 Lakh & up to INR 2 Lakh – 2.25% |
Quarterly |
Premium Savings Account |
Balance up to INR 1 Lakh - 2.00% Balances above INR 1 Lakh & up to INR 2 Lakh – 2.25% |
Quarterly |
Current Account |
0.00% |
N/A |
Now you know about IPPB saving account interest rate.
Read More: How to Change Mobile Number in IPPB Account? How to Deposit Money in IPPB Account? How to Link POSA to IPPB?Your Feedback Matters! How was this Answer?
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What is Interest Rate in IPPB?
Pramil
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3 Year
2022-09-21T20:52:57+00:00 2022-09-21T20:52:59+00:00Comment
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