IPPB FD Interest Rates: Rates Tenure and How to Book

IPPB Fixed Deposit Interest Rates

India Post Payments Bank (IPPB) offers recurring deposit (RD) and fixed deposit (FD) options to help customers earn better returns on their savings. IPPB FD rates are competitive and the scheme benefits from the trust associated with India Post and its vast network.

IPPB FD Interest Rate Table

Tenure	General Customers	Senior Citizens
7 days to 29 days	3.50% p.a.	4.00% p.a.
30 days to 90 days	4.50% p.a.	5.00% p.a.
91 days to 180 days	5.50% p.a.	6.00% p.a.
181 days to 1 year	6.00% p.a.	6.50% p.a.
1 year to 2 years	6.80% p.a.	7.30% p.a.
2 years to 3 years	7.00% p.a.	7.50% p.a.

Note: Rates are indicative and subject to change. Always verify current rates in the IPPB mobile app or at your post office before booking.

How to Book an IPPB FD via Mobile App

1. Open the IPPB Mobile Banking app and log in.
2. Tap on Deposits or Fixed Deposit.
3. Select the deposit amount, tenure, and interest payout option.
4. Review the maturity amount and confirm.
5. Enter your MPIN to complete the booking.
6. Your FD is created and you will receive a confirmation.

How to Book an FD at a Post Office

1. Visit your nearest post office with IPPB services.
2. Fill in the FD application form.
3. Submit the form with required documents and deposit amount.
4. The post office staff will process the FD and issue a receipt.

Key Takeaways

• IPPB FDs are backed by the Department of Posts (Government of India).
• Senior citizens get an additional 0.50% interest on FDs.
• Minimum deposit amount is typically Rs 1,000.
• Interest is compounded quarterly.
• Premature withdrawal is allowed with applicable penalty.

Frequently Asked Questions

Is IPPB FD safe?

Yes. IPPB is a government-backed payments bank regulated by RBI. IPPB deposits are also covered under DICGC insurance up to Rs 5 lakh.

Can I open an FD online with IPPB?

Yes. You can book an FD directly through the IPPB Mobile Banking app without visiting a post office.

What is the minimum tenure for an IPPB FD?

The minimum tenure is 7 days. Maximum tenure is typically 5 years.

How is interest paid on IPPB FDs?

Interest is compounded quarterly and credited to your IPPB savings account at maturity or as per the selected payout option.

Can I take a loan against my IPPB FD?

As a payments bank, IPPB cannot offer loans. However, you may enquire at your post office for any tie-up loan facilities.