Latest announcement of India Post Payments Bank-IPPB

➧Sh. P.K. Bisoi has been appointed as the new Director and Chairman of India Post Payments Bank (IPPB) in place of Sh. A.N. Nanda w.e.f. 03.01.2020

➧Revision of interest rate on saving bank deposits from 3.0% per annum to 2.75% per annum w.e.f. 01.04.2020. The interest is payable on a quarterly basis.     

➧The IPPB bank will be introducing quarterly SMS alert charges of Rs. 10 plus GST effective from 01.08.2020 for all customers. After it, SMS alert charges were five rupees plus GST per quarter. Now it has been revised. SMS alert charges will be debited from accounts of the customers at the end of every quarter form 01.08.2020. Click here for more information.

➧Both inward and outward cheque services will be discontinued w.e.f. 08.07.2020. Now you can't deposit money through cheque in your IPPB account.

➧Sh. Suresh Sethi- MD & CEO has resigned from India Post Payments Bank w.e.f. 31.03.2020.

➧Sh. Easwaran Venkateswaran has been nominated as interim MD & CEO of the IPPB bank w.e.f. 01.08.2020