IPPB Interest Rate from 1st july 2021
Revised Interest Rate in IPPB accounts Order No. IPPB/CSMO/MKTG/2021-22/11 Dated 28/06/2021
This is to inform all the concerned that India Post Payments Bank has revised its interest rate on all the customers variants of Savings Accounts as per the Asset Liability Committee Approved policy effective from 1st July 2021 as per below table.
|Savings Bank Deposit Slabs||Current Interest Rate||Revised Interest Rate|
|Balance upto 1 Lakh||2.75% Annum||2.50% Annum|
|Incremental Balances Above Rs 1 lakh to Rs 2 Lakh||2.75% Annum||2.75% Annum|
Interest will be paid to customer quarterly (Compound on daily EOD balance).