India Post Payments Bank interest rates · November 2026
Overview
India Post Payments Bank (IPPB) is a payments bank, headquartered in New Delhi, established in 2018.
Rates verified from official source. Government-of-India owned payments bank (via India Post): savings accounts only (no FD/RD); deposits insured by DICGC up to ₹5,00,000.
RBI record
Every RBI press release since 1 Jan 2024 that names India Post Payments Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI fined the bank ₹26.70 lakh
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Customer Service in Banks’”
What RBI found
“The bank upgraded certain Savings Bank accounts without obtaining customers’ consent (in writing or through any other mode) and also levied annual charges after upgradation of those accounts.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Branches
2 branches, all in Delhi
Most branches: Delhi 2
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
IPPB rates
Every rate, tenure by tenure, and what your money grows to.
IPPB Savings rate changes
Changes to IPPB's savings account rates that RateScan.in has recorded since it started tracking them on 29 Oct 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
No change to IPPB's savings account rates has been recorded since tracking started on 29 Oct 2026.
Good to know
India Post Payments Bank is an RBI-licensed payments bank: it offers savings accounts only, no fixed or recurring deposits, and caps balances at ₹2 lakh per customer. Deposits are insured by DICGC up to ₹5,00,000 per depositor (principal + interest).
Informational only. Always confirm the current rate on the official IPPB website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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