Economy News

Zero Balance SHG Account - IPPB

May 6 , 2026 14 hrs 0 min 44 0

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.