Eligibility
All permanent employees of Defense Forces i.e. Indian Army, Indian Air Force, Indian Navy and Coast Guards.
Ex-servicemen and New Recruits (under training) are also eligible & covered in this Scheme.
Minimum Balance Requirement
- NIL
- (This is a Zero Balance Account)
Group Personal Accidental Death Insurance Cover (Group Insurance Policy taken at HO and premium is borne by H.O. centrally)
- Group Personal Accident Death Insurance Cover of Rs 30 Lakh*
- Permanent Total Disability(as defined vide Insurance Policy) Cover of Rs. 30 lakhs*
- Permanent Partial Disability (as defined vide Insurance Policy) Cover of Rs 15 lakhs.*
- Air Accidental Insurance of Rs. 1 Cr*
- *Condition:
Maximum Insurance Cover available is either 10 times Gross annual income of account holder or any of the above mentioned applicable Insurance Coverages, whichever is less.
Free Platinum Debit Cum ATM Card
- Free Platinum Card with daily cash withdrawal limit of Rs.50,000/- and POS limit of Rs. 1 Lakh.
- Nil Annual Renewal Charges
- Free Add on Card
Coverage of Ex-servicemen Personnel
Ex-servicemen are also eligible
RTGS/NEFT payment
Free
(Free Facility of RTGS/NEFT payment was earlier available through internet Banking only)
Cheque Leaves
All Cheque Leaves free to all Categories
(All cheques are payable at all our branches in clearing)- Our cheques serves the purpose of Multi city cheques with no extra cost to the customers)
Concession in charges of lockers for self & immediate family member
- 30% concession
- (Subject to availability of Locker at the Branch)
- (Family includes spouse & dependent children)
Easy Over draft (on application) to be approved by the Manager. Loan plus TOD should not exceed the limit of Rs 1 lac and Rs 2 lac as mentioned in each category. The amount cap for TOD will also include the amount mentioned under cheque bounce facility.
Commissioned Officers
- 4 times of net salary
- Maximum Rs.2 Lac
- All other Conditions – as per Personal Loan Scheme
Non-Commissioned Officers
- 3 times of net salary Maximum Rs 1 Lac
- All other Conditions – as per Personal Loan Scheme
Pass Book/Statement (Monthly)
Any one of them Available
Interest Concession & Waiver of Processing Charges on Retail Loans*
- 0.50 % less than usual rate in Retail Loan* subject to min Base Rate
- 100% Waiver of Processing Charges in Retail Loan*
- *Retail Loans- Home Loan, Vehicle Loans and Personal Loans
Star Share Trade (3 in 1 account) Demat, SB, Online share Trading
Annual Maintenance Charges waived (during first FY)
Demand Drafts/Pay orders
- Free - Demand Draft/Pay Orders at Par
- (amount up to Rs.50,000/- per draft through salary account for genuine purpose)
Transactions at Non-home branches
Cash Deposit at Other SOL
Free of charge
Cash withdrawal at other SOL Max limit Rs 50,000/-
Free of Charge
Cheque bounce protection for clearing cheques
Commissioned Officers
Rs.50000/- (Max.)
Non-Commissioned Officers
Rs.25000/- (Max.)
Credit Card (No Annual Maintenance Charges)
Commissioned Officers
International Gold Credit Card
Non-Commissioned Officers
India Card
Cheque Collection Charges
Free Cheque Collection up to Rs.25,000/- per month
SUD Life Group Term Insurance Cover
SUD Life Group Term Insurance Cover at very attractive rate. The salient features are
- Wider entry age up to 65th birthday.
- Choice of Sum assured up to 5 lakhs
- Hassle free process with just a one pager enrollment form
- No medicals required
- Competitive premium rates
BOI STAR JAI JAWAN HOME LOAN SCHEME
- Scheme for financing House/Flats constructed by Army Welfare Organization (AWHO), Air force, Naval Housing Board (ANHB) and Para Military Forces.
- There is 100% Waiver on processing charges in Home Loan under this scheme.
- In case of Death of Borrower on account of war/external aggression/terrorist attack, outstanding Loan amount (subject to Maximum of Rs. 50 Lakhs or to the extent of drawing limit, whichever is lower) to be written off
Online Income Tax return Facility
Available at Discounted rate under Tie-up arrangement. It can be filed from BOI Website
Other Incentives
- Unlimited Internet & Bank’s own ATM Transactions
- Mobile banking through BOI BTM
- Free Missed call alert facility
- Free Utility Bills Payment Facility Through E-Pay
Nomination facility
Available as per the prevailing banking norms
