IPPB Savings Account Interest Rate 2026
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Quick Answer
India Post Payments Bank currently offers a savings account interest rate of 2% p.a.. As a payments bank, the account has a maximum balance limit of ₹2 lakh.
IPPB Savings Account Interest — Rates at a Glance
| Savings Account Rate | 2% p.a. |
| Maximum Balance | ₹2,00,000(Regulatory limit for payments banks) |
| Minimum Balance | ₹0 (Zero balance) |
Rates are indicative as of 2026-04-07. Verify with India Post Payments Bank official website before investing.
Key Things to Know
- 1India Post Payments Bank savings rate: 2% p.a.
- 2Interest calculated on daily closing balance, credited quarterly
- 3Maximum balance ₹2 lakh as per RBI guidelines for payments banks
- 4Interest income up to ₹10,000/year exempt from tax (Section 80TTA)
- 5Zero-balance accounts available (BSBD/Jan Dhan accounts)
- 6Free NEFT/RTGS/IMPS transfers via net banking
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Frequently Asked Questions
What is IPPB savings account interest rate 2026?
India Post Payments Bank offers 2% p.a. on savings accounts. The rate is uniform across all balance amounts.
How is savings account interest calculated in IPPB?
Interest is calculated on the daily closing balance and credited to your account quarterly. Formula: (Daily balance × Rate × Number of days) / 365.
What is the minimum balance for IPPB savings account?
IPPB is a payments bank with zero minimum balance requirement.
Is IPPB savings account interest taxable?
Yes, savings account interest is taxable as per your income slab. However, interest up to ₹10,000 per year is exempt under Section 80TTA (₹50,000 for senior citizens under 80TTB).