IPPB Regular Savings Account Open Online, Interest Rates Details
IPPB Regular Savings Account offered by our bank is designed to provide you with seamless and convenient banking services. With the flexibility of opening an account both at our access points and at your doorstep, this account ensures easy fund management, secure transactions, and a range of additional benefits. Below are the key features and benefits of this account.
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| IPPB Regular Savings Account |
Key Account Features and Benefits:
1. Convenient Account Opening:
- Instant and paperless account opening using Aadhaar in compliance with applicable rules.
- Easy and convenient Non-eKYC account opening.
2. Digital Banking Services:
- RuPay Virtual Debit Card for secure online transactions.
- Free monthly e-statements and mini statements through SMS.
- Simplified banking services through a QR card.
- Instant fund transfer through IMPS.
- Link your account to BHIM UPI for easy money transfers.
3. No Financial Obligations:
- No monthly average balance requirement.
- Account can be opened with zero balance.
- No commitment of minimum balance.
- Nominal charges for various services.
4. Doorstep Banking Services:
- Free account opening at your doorstep.
- Assisted services through the GDS (Gramin Dak Sevak) when required.
- Availability of funds at your doorstep upon request.
- Bill payment facility at your doorstep.
5. Security and Accessibility:
- Simple and secure banking with a QR card.
- Multilingual customer support for your assistance.
- Day end balance above Rs. 2 lakh can be swept into linked POSA (Post Office Savings Account).
- Access to our growing merchant network.
6. Unlimited Transactions:
- Unlimited cash deposits and withdrawals allowed, providing you with the freedom to manage your finances without any restrictions.
Interest Rates (Applicable from 1st of June 2022):
- Balances up to INR 1 Lakh: 2.00% Annual Interest Rate, paid quarterly.
- Balances above INR 1 Lakh & up to INR 2 Lakh: 2.25% Annual Interest Rate, paid quarterly.
With our Regular Savings Account, experience hassle-free banking, unmatched convenience, and attractive interest rates, all tailored to meet your financial needs. Open your account today and enjoy a seamless banking experience with us.
Frequently Asked Questions (FAQs) - IPPB Regular Savings Account
Q1: How can I open a Regular Savings Account?
Answer: You can open a Regular Savings Account at our bank's access points or your doorstep. The process is instant, paperless, and can be done using Aadhaar.
Q2: Is there a minimum balance requirement?
Answer: No, there is no monthly average balance required for the Regular Savings Account. You can open the account with zero balance.
Q3: Are there charges for account services?
Answer: Yes, there are nominal charges for various services. However, there's no commitment to maintain a minimum balance.
Q4: Can I use online banking with this account?
Answer: Yes, you receive a RuPay Virtual Debit Card for secure online transactions. You can also link your account to BHIM UPI for easy digital payments.
Q5: How do I get account statements?
Answer: You receive free monthly e-statements and mini statements through SMS. These statements provide detailed transaction information for your account.