India Post Payments Bank

[Sushubh]

India Post Payments Bank replaces ATM/debit cards with QR cards. How to use them - Livemint

 

[Sushubh]

list of charges...

Regular Savings Account - IPPB

Basic Savings Account - IPPB

Current Account - IPPB

Digital Savings Account - IPPB

 

[Sushubh]

Charges, restrictions may prove dear for India Post Payments Bank clients

paywall.

 

[Navjot Singh]

This bank will charge customers for depositing more than ₹10,000 from Jan'22 | Mint

Account holders will have to pay more for depositing cash and making cash withdrawals if they exceed the prescribed limit

www.livemint.com

In the Savings (other than Basic SA) and Current Accounts, the cash deposits will be Free up to ₹10,000 per month and thereafter, a charge of 0.50% of the value subject to a minimum of ₹25 per transaction will be levied.

In the Savings (other than Basic SA) and Current Accounts, the cash withdrawal will be free up to ₹25,000 per month and thereafter, post the free limit, a charge of 0.50% of the value subject to a minimum of ₹25 per transaction will be levied.

 

[AAK]

Never understood the reason behind this abysmal low cash deposit/withdrawal limit.
Its just a pain point for everyday customer and those who horde black money doesn't deposit it in bank like this.