India Post Payments Bank: Transaction Limit And Charges You Pay For Instant Money Transfer

Other than providing a free intra-bank fund transfer service to its customers, India Post Payments Bank also provides instant money transfer services. IPPB or India Post Payments Bank charges a fee ranging from Rs 2.5 to Rs 50 per transaction from its customers for instant money transfer through NEFT, RTGS and IMPS payments platforms, according to the government-owned payments bank's website - ippbonline.com. NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement) and IMPS (Immediate Payment Service) are payments platforms that enable instant money transfer - also known as wire transfer - from one bank account to another through computer systems. .India Post Payments Bank instant money transfer - transaction limits and transaction charges.For NEFT transfers initiated from access points, India Post Payments Bank charges a fee of Rs 2.5-25 per transaction from its customers, according to its website. The bank charges a fee ranging from Rs 2.5 to Rs 20 for an NEFT transaction made through mobile banking, it noted..table.shdl_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.shdl_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.shdl_table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } table.shdl_table th { padding: 4px; } table.shdl_table td { padding: 4px; } table.shdl_table th:nth-child(1), table.shdl_table td:nth-child(1), table.shdl_table th:nth-child(6), table.shdl_table td:nth-child(6) { displayx: none; } } /*Media Query END*/ . Mode of money transfer Transaction size (rupees) Charges at access point and doorstep (rupees) Charges for mobile banking (rupees) Intra Bank(IPPB account to IPPB account) Free Free Free IMPS Up to 2,000 10 5 2,001-5,000 20 5 Above 5,000 50 10 NEFT Up to 10,000 2.5 2.5 10,001 to 1 lakh 5 5 1 lakh to 2 lakh 15 10 Above 2 lakh 25 20 RTGS 2 lakh to 5 lakh 25 25 Above 5 lakh 50 50 (Source: ippbonline.com) .For instant fund transfer through RTGS, the payments bank - which started countrywide operations in September this year - charges a fee of Rs 25-50 per transaction, according to its website..India Post Payments Bank customers are charged a fee of Rs 5-50 per transaction for instant money transfer through IMPS, according to the lender's portal.

India Post Payments Bank: Transaction Limit And Charges You Pay For Instant Money Transfer

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