Customers of India Post Payments Bank (IPPB) will be surprised as well. This bank’s account holders will be charged a fee for withdrawing and depositing cash from a limit.
This is the last month of the year. The New year 2022 will begin in a few days. The big rules will alter as a result of this. Customers of India Post Payments Bank (IPPB) will likewise be surprised by this sequence. This bank’s account holders will be charged a fee for withdrawing and depositing cash from a limit. Let you know that this regulation will take effect on January 1st.
The bank provided information.
It’s worth noting that IPPB offers three different types of savings accounts. This bank also offers a variety of additional services. According to India Post Payments Bank, you can withdraw funds from your Basic Savings Account four times each month for free. Customers will have to pay at least Rs 25 for each withdrawal after that. Let us assure you that there will be no fees associated with making a deposit into your Basing Savings Account.
How much will it cost?
There will be no fee if you deposit Rs 10,000 in this bank’s savings and current accounts each month. Customers who deposit more than this amount will be charged a fee, according to the bank. Other than the basic savings account, there would be no charge for withdrawing Rs 25,000 every month from any other savings or current account. At the same time, if you withdraw money after the free limit, you will be charged at least 25 rupees.
All of these restrictions will take effect on January 1, 2022, according to information on the IPPB website. Customers will have to pay extra starting January 1. The GST and CESS will be charged individually. On August 1, 2021, India Post Payments Bank implemented new rates for doorstep banking fees.