Incentive structure for IPPB End users

Incentive Structure for End Users

INCENTIVE STRUCTURE FOR ENDUSERS 

SB account incentive for GDS. Rs 7/- per account 

Eligibility criterion:: 

1) Rs 100/- deposit within 30 days of account opening.
2) POSA linkage within 30 days of account opening (or) Cumulative revenue generation of Rs 30/- within 90 days of account opening 

Current account incentive for GDS: 

Rs 45/- per account 

Eligibility criterion:: 

1) Rs 1000/- MAB for consecutive 3 months
2) Cumulative revenue generation of Rs 50/- within 90 days of account opening  AEPS transaction incentive 

0.125% of total transaction amount. (or) Rs 3.75/-

Example : For Rs. 3,000/- incentive of Rs. 3.75 is given to GDS/Postmar)/RA. 

Example For Rs. 1,000/- incentive of Rs. 1.25 is given to GDS/Postman/PA. 

Example : For Rs. 9,000/- incentive of Rs. 3.75 is given to GDS/Postman/FA. 

Whichever is least 

NEFT— IMPS and Bill a ment transaction incentive 

0.125% of revenue generated per transaction For Example: 

a) If a customer does an IMPS transaction and he was charged with Rs 5/- GDS will be getting 11 1.25/- fi.e. 25% of Rs 5/-1

b) For bill payments like electricity bill revenue of 11 2/- will be generated from biller (free for customer). GDS will be getting an incentive of Rs 0.50/- per transaction. 

Incentive for transaction done by customer In IPP MOBILE BANKING APP 

• For any revenue generating transactions done using "IPPB MOBILE BANKING APP" (like Electricity bill, mobile recharge etc., even though it is free for customer, bank will be generating revenue from biller), the respective GDS who opened that account will be getting an incentive of 0.5% of revenue generated. 

Doorstep transaction incentive 

GDS will be getting 25% of revenue generated from doorstep transaction. (Revenue generated for cash transaction from customer is Rs 25/- and for non cash transaction is Rs 15/-)