From January 1, 2022, customers of the India Post Payments Bank (IPPB) will be charged for cash deposits and withdrawals. If the free limit set by the bank is exceeded, these charges, which are exclusive of GST/CESS, will be charged. Cash withdrawals, which are free up to 4 transactions per month for a Basic Savings Account, will be charged at 0.50 percent of the total amount, subject to a minimum of Rs 25 per transaction, if the free limit is exceeded, according to an announcement made by IPPB dated November 3, 2021. However, Basic Savings Account holders will not be charged for cash deposits.
Cash Deposit & Withdrawal Transactions Will Not Be Free From January 2022 In This Bank
