India Post Payments Bank alert! IPPB to revise banking fees for select services from August 1

Customers will have to pay Rs 20 plus GST charge from August 1 to use doorstep banking services. 

New Delhi: India Post Payments Bank (IPPB) has introduced a change in some of its banking charges that will be applicable from August 1, 2021. If you have an account in IPPB, then let us tell you that the bank has updated the charges related to doorstep banking and other services. IPPB was providing doorstep delivery service to its customers for free of cost till now. However, customers will now have to shell a little amount to use the facility helpful in curbing COVID-19 cases.   According to a notification by IPPB, customers will have to pay Rs 20 plus GST charge from August 1 to use doorstep banking services offered by the bank. Cash transactions (withdrawing or depositing cash) in doorstep banking service will attract 20 per transaction along with GST.  The bank’s website points out that customers will have to pay 20 plus GST per service from August 1 for remittances, DoP products, and mobile payments (excluding prepaid), among other services.