IPPB End Users revised incentive Structure w.e.f April 2024

India Post Payments Bank – End-Users Incentive

w.e.f April 2024

India Post Payments Bank - End-Users Incentive


Revised IPPB incentive Structure for AEPS and CELC

Products/Services Rate per Unit Incentive to End User (L0)
Aadhaar enabled Payment System Free
(*0.50% of transaction amount subject to max. ₹15/- per transaction. No income for transaction of less than ₹10/-)
₹ 3.90*
CELC- Aadhaar-Mobile Update Service ₹ 50 ₹ 11
CELC- Child Aadhaar Enrolment Free ₹ 10


Revised IPPB incentive Structure for Life Insurance and Health Insurance 

Products/Services Rate per Unit Incentive to End User (L0)
Digital Life Certificate ₹ 70 ₹ 15.40
Life Insurance – Term ₹ 10,000
(Ex. Premium)
₹ 1040
Life Insurance – Annuity ₹ 2,00,000
(Ex. Premium)
₹ 2080
Health Insurance ₹ 8,000
(Ex. Premium)
₹ 264


Revised IPPB incentive Structure for General Insurance

Products/Services Rate per Unit Incentive to End User (L0)
General Insurance – Motor ₹ 5,000
(Ex. Premium)
₹ 165
Group Accident Guard (GAG) – TAGIC ₹ 520
(Ex. Premium)
₹ 17
Group Personal Accident (GPA) – BAGIC ₹ 699
(Ex. Premium)
₹ 23
Group Personal Accident (GPA) – NIVA ₹ 755
(Ex. Premium)
₹ 25
Group Personal Accident (GPA) – ABHI ₹ 749
(Ex. Premium)
₹ 25
Group Personal Accident (GPA) – STAR ₹ 799
(Ex. Premium)
₹ 26
Group Hospi Cash + Cancer Care + Health Service ₹ 1094
(Ex. Premium)
₹ 36
International Money Transfer Services (RIA MONEY – Inward remittance) ₹ 20,000
(Avg. Amount)
₹ 52


Revised IPPB incentive Structure for PMJJBY

Products/Services Rate per Unit Incentive to End User (L0)
Life Insurance – PMJJBY ₹ 436,
₹ 343,
₹ 228 &
₹ 114
₹ 10.60,
₹ 8.60,
₹ 5.70, &
₹ 2.80


Revised IPPB incentive Structure for IPPB Account Opening 

Products/Services Rate per Unit Incentive to End User (L0)
Premium Account (without Aadhaar seeding) ₹ 149 + GST (= ₹ 176) ₹ 26.00
Premium Account (with Aadhaar seeding) ₹ 149 + GST (= ₹ 176) ₹ 33.90
Premium Account (with Aadhaar seeding & Virtual Debit Card) ₹ 176 + 25 (VDC) (= ₹ 201) ₹ 48.30


Revised IPPB incentive Structure for IPPB Loan

Products/Services Rate per Unit Incentive to End User (L0)
Home Loan/Loan Against Property (Average Loan Amount – ₹ 7 Lakh) ₹ 1092 – ₹ 1547
Personal Loan (Average Loan Amount – ₹ 2 Lakh) ₹ 364 – ₹ 1040
Tractor Loan (Average Loan Amount – ₹ 5 Lakh) ₹ 1300
Vehicle Loan (Two / Four Wheeler) (Average Loan Amount – ₹ 3 Lakh) ₹ 546 – ₹ 780
Gold Loan (Average Loan Amount – ₹ 0.80 Lakh) ₹ 104 – ₹ 167

*TDS applicable on the incentive earned as per guidelines.

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