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Zero Balance SHG Account - IPPB
May 6 , 2026
14 hrs 0 min
20
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- India Post Payments Bank (IPPB) launched a zero-balance savings account for Self Help Groups (SHGs) to strengthen financial inclusion in rural India.
- The scheme is aimed at women led SHGs and is supported by the Ministry of Communications.
- The account has zero minimum balance requirement, no opening deposit, no closure charges, and a maximum balance limit of ₹2 lakh.
- It enables SHGs to access direct benefit transfer (DBT), digital banking services, and formal credit facilities.
- It helps reduce dependence on informal lending systems and encourages structured savings among rural groups.
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