The last month of the year is underway. There are only a few days left and then the new year 2022 will begin. With the New Year, big rules are also going to be changed. Now the customers of India Post Payments Bank (India Post Payments Bank-IPPB) account holders of this bank will have to pay a charge for withdrawing cash from a limit and depositing it. This rule is going to come into force from 1st January. You must be aware that three types of savings accounts are opened in IPPB. In fact, this bank provides a variety of other facilities.

While the information provided by India Post Payments Bank is free to withdraw cash four times a month from the Basic Savings Account, customers will have to pay at least Rs 25 per withdrawal. Depositing money on the banking savings account will not attract any charge.

Depositing Rs. 10,000 a month in savings and current accounts in this bank will not charge. The bank says deposits beyond this limit will attract an extra charge to customers. 25,000/- per month from the savings account and current account other than the basic saving account. In addition, a charge of at least Rs. 25 will be charged for withdrawal every time after the free limit. Let me tell you that as per the information provided on the IPPB website, all these rules will come into force from 1st January 2022. This means that customers will have to pay more charges from January 1 and GST/CESS will be levied separately.

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