New Delhi. If you are a customer of India Post Payments Bank then there is a bad news for you. From January 1, 2022, the account holder of this bank will have to pay a charge for withdrawing and depositing cash more than a limit.
According to the information given by India Post Payments Bank, it is free to withdraw cash from the Basic Savings Account 4 times every month, but after that, for every withdrawal or deposit, customers will have to pay at least Rs 25 more.
In India Post Payment Bank, you will be able to deposit only Rs 10,000 in savings and current accounts in a month without charge. IPPB has informed on its website that customers will have to pay additional charges for depositing more than this limit of Rs 10,000.
Minimum charge of Rs.25
3 types of accounts are opened in India Post Payment Bank, in which there are different rules for Basic Saving Account (IPPB Basic Saving Account), Saving Account (IPPB Saving Account). Customers who have a basic savings account with the bank can withdraw cash from their account 4 times every month without any charge, but after that, customers will have to pay 0.50 percent charge, which will be at least 25 rupees. The bank has made it clear that after the expiry of a limit from January 1, there will be a charge for withdrawing and depositing cash.
Cash withdrawal charges
Apart from the basic savings account, there will be no fee for depositing up to 10 thousand rupees in other savings account and current account. After this, a charge of 0.50 percent will have to be paid, which will be at least 25 rupees.
No charge will be taken for withdrawing cash of Rs 25 thousand every month in savings account (not basic) and current account. After this, a charge of 0.50 percent will have to be paid, which will be at least 25 rupees.
