If you have also got the savings account opened in this post office bank, then let us tell you that the new rule is going to be implemented from March 5, 2022.
New Delhi. If your account is also in India Post Payment Bank, then this news is of great use to you. If you have also got the savings account opened in this post office bank, then let us tell you that the new rule is going to be implemented from March 5, 2022. As such, IPPB has introduced Digital Savings Account closure charges. India Post Payments Bank (IPPB) has issued a notice regarding this.
Let us tell you that India Post Payments Bank is a division of India Post, which is owned by the Department of Posts.
The new rules will be applicable from March 5
The notice states that India Post Payments Bank has introduced Digital Savings Bank Account Closure Charges. This charge will be Rs 150 + GST. The bank further said that these charges will be applicable only if the Digital Savings Bank account is closed at the end of the period of 1 year due to non-updation of KYC.
Digital Savings Bank Account
Digital Savings Bank Account Account can be opened by any person above the age of 18 years who has Aadhaar and PAN card. There is no need to maintain monthly average balance and the account can be opened with zero balance. The interest rate on the account is 2.25 percent from February 1, 2022.
India Post Payment Bank has cut
interest rates by up to 25 basis points from February 1. Earlier, interest at the rate of 2.75 percent was given to the customers by the bank, but from February 1, customers would get interest at the rate of 2.5 percent.
Know how much interest
you will get, let us tell you that the bank has cut interest rates on savings bank accounts ranging from Rs 1 lakh to Rs 2 lakh. Earlier, customers used to get interest at the rate of 2.50 percent on bank accounts up to Rs 1 lakh, but from February 1, these customers would get interest at the rate of 2.25 percent.
