IPPB
India Post Payments Bank End-Users Incentive (Effective April 2024)
India Post Payments Bank End-Users Incentive (Effective April 2024)
Incentive Details for Various Products and Services
Products/Services and Incentives
- Aadhaar enabled Payment System
- Rate per Unit: Free (~0.50% of transaction amount subject to max ₹15 per transaction)
- Incentive to End User (L0): ₹3.90* (*No income for transaction of less than ₹10)
- CELC – Aadhaar-Mobile Update Service
- Rate per Unit: ₹50
- Incentive to End User (L0): ₹11
- CELC – Child Aadhaar Enrolment
- Rate per Unit: Free
- Incentive to End User (L0): ₹10
- Digital Life Certificate
- Rate per Unit: ₹70
- Incentive to End User (L0): ₹15.40
- Life Insurance – Term
- Rate per Unit: ₹10,000 (Ex. Premium)
- Incentive to End User (L0): ₹1040
- Life Insurance – Annuity
- Rate per Unit: ₹2,00,000 (Ex. Premium)
- Incentive to End User (L0): ₹2080
- Health Insurance
- Rate per Unit: ₹8,000 (Ex. Premium)
- Incentive to End User (L0): ₹264
- General Insurance – Motor
- Rate per Unit: ₹5,000 (Ex. Premium)
- Incentive to End User (L0): ₹165
- Group Accident Guard (GAG) – TAGIC
- Rate per Unit: ₹520 (Ex. Premium)
- Incentive to End User (L0): ₹17
- Group Personal Accident (GPA) – BAGIC
- Rate per Unit: ₹699 (Ex. Premium)
- Incentive to End User (L0): ₹23
- Group Personal Accident (GPA) – NIVA
- Rate per Unit: ₹755 (Ex. Premium)
- Incentive to End User (L0): ₹25
- Group Personal Accident (GPA) – ABHI
- Rate per Unit: ₹749 (Ex. Premium)
- Incentive to End User (L0): ₹25
- Group Personal Accident (GPA) – STAR
- Rate per Unit: ₹799 (Ex. Premium)
- Incentive to End User (L0): ₹26
- Group Hospi Cash + Cancer Care + Health Service
- Rate per Unit: ₹1094 (Ex. Premium)
- Incentive to End User (L0): ₹36
- International Money Transfer Services (RIA MONEY – Inward remittance)
- Average Amount: ₹20,000
- Incentive to End User (L0): ₹52
- Life Insurance – PMJJBY
- Rate per Unit: ₹436, ₹343, ₹228, ₹114
- Incentive to End User (L0): ₹10.60, ₹8.60, ₹5.70, ₹2.80
- Premium Account (without Aadhaar seeding)
- Rate per Unit: ₹149 + GST (₹176)
- Incentive to End User (L0): ₹26.00
- Premium Account (with Aadhaar seeding)
- Rate per Unit: ₹149 + GST (₹176)
- Incentive to End User (L0): ₹33.90
- Premium Account (with Aadhaar seeding & Virtual Debit Card)
- Rate per Unit: ₹176 + 25 (VDC) (₹201)
- Incentive to End User (L0): ₹48.30
- Home Loan/Loan Against Property (Average Loan Amount – ₹7 Lakh)
- Incentive to End User (L0): ₹1092 – ₹1547
- Tractor Loan (Average Loan Amount – ₹5 Lakh)
- Incentive to End User (L0): ₹1300
- Vehicle Loan (Two/Four Wheeler) (Average Loan Amount – ₹3 Lakh)
- Incentive to End User (L0): ₹546 – ₹780
- Gold Loan (Average Loan Amount – ₹0.80 Lakh)
- Incentive to End User (L0): ₹104 – ₹167
Note:
- Incentives are indicative and represent base rate incentives.
- TDS applicable on the incentive earned as per guidelines.
- These incentives are strictly for internal circulation only.
For more details, please visit the India Post Payments Bank official website
