The customers of India Post Payments Bank (IPPB) are also going to be shocked. Account holders of this bank will have to pay a charge for withdrawing and depositing cash from a limit.
New Delhi: The last month of the year is going on. After a few days, the new year 2022 will start. With this, the big rules will also change. In this sequence, the customers of India Post Payments Bank (IPPB) are also going to be shocked. Account holders of this bank will have to pay a charge for withdrawing and depositing cash from a limit. Let us tell you that this rule will come into effect from January 1.
Bank gave information
It is worth noting that three types of savings accounts are opened in IPPB. Many other facilities are provided in this bank. According to the information given by India Post Payments Bank, it is free to withdraw cash from Basic Savings Account four times every month. But after this, customers will have to pay at least Rs 25 on every withdrawal. Let us tell you that there will be no charge for depositing money on Basing Savings Account.
How much will be charged?
There will be no charge for depositing Rs 10,000 in a month in savings and current accounts in this bank. The bank said that customers will be charged extra for depositing more than this limit. There will be no charge for withdrawing Rs 25,000 every month from other savings account and current account other than the basic savings account. At the same time, every time you withdraw money after the free limit, at least 25 rupees will have to be charged.
According to the information given on the IPPB website, all these rules will be applicable from January 1, 2022. That is, from January 1, customers will have to pay more. GST/CESS will be levied separately. India Post Payments Bank had earlier implemented the new rates of doorstep banking charges on August 1, 2021.