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Premium Aarogya Savings Account

Eligibility 18 years to 70 Years
Account Opening/Subscription Charges Rs. 149+GST
Annual Renewal Charges Rs. 99+GST
Initial Minimum Deposit Rs. 200
Minimum Account Balance NIL
Maximum End of Day Balance INR 2,00,000
Nomination Facility Available
Linkage of POSA Account* YES
Non-maintenance charges on MAB NA
Annual Interest Rate Balance up to INR 1 Lakh - 2.00% / Balances above INR 1 Lakh & up to INR 2 Lakh – 2.25%
Interest Payment Quarterly
SMS Alerts@ Actual usage of SMS alerts quarterly, INR 0.25 + GST per SMS
Account Statement Free Monthly e-statement**
QR Card Free
Setting of Standing Instruction Charges Free
Account Closure Charges INR 50 + GST, if account is closed after 3 months of account opening/ upgradation
Bill Payments/ Re-charge Free
Cash deposit charges Free
Cash withdrawal charges Free
Virtual Debit Card Issuance INR 25
Virtual Debit Card Reissuance NIL
Doorstep Banking Free
Wellness benefits Free
Notes :
  1. Premium Aarogya account, Customer by default opts for Wellness product i. e. By Opting this product Customer undertakes to provide his/her consent to IPPB for sharing requisite customer related information with the third-party service provider. Customer also agrees to abide by the terms & conditions laid down by such third-party service providers.
  2. *POSA (Post Office Savings Account)-In case customer have linked POSA account, amount above 2 lakh at the end of the day will be transferred to Linked POSA account. Cumulative transaction limit for sweep-in is ₹50000/- for the first 3 days post successful linkage.
  3. **If customer updated his/her valid email ID. On request physical / Email statement @ INR 50+GST upto 1 year and above the 1 year Rs. 100 + GST.
  4. @SMS alerts @ Rs. 0.25 + GST per SMS. Maximum capping of SMS charges per quarter for customers shall be Rs.100 + GST and for Merchants, maximum capping of SMS charges per quarter shall be Rs. 50 + GST effective from 1st October 2024.
  5. The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
  6. All charges are exclusive of GST. Virtual Debit Card issuance is including all Taxes.
  7. Charges levied will be reversed post verification of the transaction. Below Cashback benefits will be accrued within 90 days of a successful transaction
    o Rs 10 Cashback on first payment via Virtual Debit Card within 90 days of A/ c opening
    o Rs 5 Cashback on Electricity Bill payment per month
    o Rs 35 Cashback on Digital Life Certificate generation once per year
  8. Cashback benefits mentioned above are subject to revision as per Bank’s discretion