If account holders of India Post Payments Bank (IPPB) exceed the statutory limit, they will be subject to charges while making cash withdrawals and putting cash into their accounts beginning next year. From January 1, 2022, the IPPB will assess fees on cash deposit and withdrawal transactions, subject to limits.

Cash withdrawals in the Basic Savings Account will be free for the first four transactions each month, after which the withdrawal charge would be 0.50 percent of the value, subject to a minimum of Rs. 25 per transaction. The cash deposit will stay free in the Basic Savings Account up to any amount.
Cash withdrawals from Savings (other than Basic SA) and Current Accounts will be free up to Rs. 25,000 per month; after which the customer would have to pay a charge of 0.50 percent of the value, subject to a minimum of Rs. 25.
Cash deposits in Savings (other than Basic SA) and Current Accounts will be free up to Rs. 10,000 per month; after which the customer would have to pay a charge of 0.50 percent of the value, subject to a minimum of Rs. 25 per transaction.
After the deductions of GST or CESS at the applicable rates, we compute the real fee.

Previously, India Post Payments Bank amended its Doorstep banking rates, effective August 1, 2021, to Rs 20 per request per customer.
The interest rate on savings accounts was revised on July 1, 2021; and it now depends on the account balance. Interest on Account balances up to Rs 1 lakh has been lowered to 2.5 percent per year. While balances above Rs 1 lakh and up to Rs 2 lakh have not changed and account holders will continue to receive 2.75 percent interest per year. Furthermore, the payout frequency is quarterly for account holders.
The ‘banking with QR card’ function of India Post Payments Bank savings accounts is one of its distinguishing features. The main advantage of the QR card is that the authentication may occur using the account holder’s biometrics. Thus, one does not need to remember the account number or any password to conduct banking operations. Through an IPPB account, one can also use financial transfer methods such as NEFT, IMPS, and RTGS.