Indian Post Payments Bank which is owned by Indian Post offers its digital savings account to Indian customers.
Any one of the following:
- DIGITAL SAVINGS ACCOUNT:
- Zero-balance account.
- Self Instant On-Boarding.
- Free e-statement monthly.
- Nominal charges.
- Multilingual customer support and a wide range of customer service throughout India.
- 2% annual interest rate with quarterly payout.
- REGULAR SAVINGS ACCOUNT:
- Non-eKYC account opening.
- Zero Balance account.
- SMS mini statement.
- IMPS available.
- Doorstep facilities available.
- Unlimited cash deposit and withdrawals.
- 2% annual interest rates on balance up to Rs.1,00,000
- 2.5% annual interest rates on balance Rs.1,00,000-Rs.2,00,000.
- BASIC SAVINGS ACCOUNT:
- RuPay Virtual Debit Card for online transaction.
- Zero balance account.
- IPPB QR card.
- GDS, as and when required.
- Doorstep services available.
- Non-eKYC account opening.
- 2% annual interest rates on balance up to Rs.1,00,000.
- 2.5% annual interest rates on balance Rs.1,00,000-Rs.2,00,000.
- PREMIUM SAVINGS ACCOUNT:
- Free Doorstep services.
- Free Deposits and Withdrawals.
- POSA linking possible.
- Cashbacks available on Virtual Debit Card transactions, Electricity Bills and on issuance of Digital Life Certificate/ Jeevan Praman certificate.
- Opening charges of Rs.149 + Annual Renewal fees of Rs.99
- 2% annual interest rates on balance up to Rs.1,00,000.
- 2.5% annual interest rates on balance Rs.1,00,000-Rs.2,00,000.
- You must be a resident of India to open these accounts.
- Your age must be greater than 18.
Any one of the following:
- Aadhar Card
- PAN Card
- Open the IPPB official website, click on service request drop down list, Non-IPPB Customer option and doorstep banking.
- Now, scroll down and select the open new account tick box, scroll down an enter your personal information.
- Once you’ve entered the information, read and agree to the terms and conditions, verify using CAPTCHA and click on submit.
- Now, an official from Indian post will come to open your account at your doorstep.