India Post Payments Bank offers zero-balance savings account, 4% interest rate. List of other benefits2 min read 05 Sep 2018, 01:37 PM IST
The zero-balance savings account from India Post Payments Bank offers you an interest rate of 4% and comes without any capping on number of transactions. Here are some other benefits of having an IPPB account.
New Delhi: Launched last week by Prime Minister Narendra Modi, India Post Payments Bank (IPPB) offers three types of savings accounts—regular, digital and basic. As the name suggests, a digital savings account can be opened through the IPPB mobile app while the remaining two have to be done either through the post office or the postman. Besides the ease of making payments, the best part of these three savings accounts is that they come without any liability of maintaining a minimum balance. IPPB savings accounts are therefore zero-balance accounts.