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Particulars
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Employees of Central and State Government/ Universities/ Colleges
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Employees of Public Sector Undertaking
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Eligibility
(Minimum take home salary Rs 10,000/- p.m. for at least 70% of Employees whose salary accounts are to be opened)
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All employees on regular pay roll of
- Central and State Government
- Universities
- Colleges affiliated to Universities.
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All employees on regular pay roll of Public Sector Undertakings
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Minimum Balance Requirement
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NIL
(This is a Zero Balance Account).
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Group Personal Accidental Death Insurance Cover
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• 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.
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ATM Cum Debit Card
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Free Platinum Debit Card with cash withdrawal limit of Rs.50,000 /- and POS limit of Rs. 1 Lakh
ii) Nil Annual Renewal Charges
iii) Free Add on Card
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Internet Banking/ Mobile Banking/ Star Sandesh/RTGS/NEFT payment through Internet Banking
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FREE
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Cheque Leaves:
(All cheques are payable at all our branches in clearing)
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Free 100 Cheque leaves per calendar year
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Demand Drafts/Pay orders: Number of free drafts with max. amount of Rs. 50,000/-per draft (through salary account) for genuine purpose
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24 per calendar year
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Interest Concession & Waiver of Processing Charges on Retail Loans*
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0.50% less than usual rate in Retail Loan* subject to minimum of Base rate
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50 % Waiver of Processing charges in Retail Loan*
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*Retail Loan-Home Loan, Vehicle Loan & Personal Loan
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Easy Overdraft(on application as per Annexure VIII & undertaking as per annexure IX) to be approved by the Manager.
Loan plus TOD should not exceed the limit of Rs 2 Lakh. Option of conversion to personal Loan on request payable in max. 60 EMIs
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4 times of net salary
Maximum Rs 2 Lac
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Star Share Trade (3 in 1 account) Demat, SB, Online share Trading
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Available,
Annual Maintenance Charges on Demat
waived (during first FY)
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Pass Book/Statement (Monthly)
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Any one of them Available
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Credit Card
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FreeGold Credit Card to all employees
Free Gold International Credit Card to employees whose net take home salary is Rs. 25,000/- p.m. and above
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Online Income Tax return Facility
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Available at Discounted rate under Tie-up arrangement. It can be filed from BOI Website
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SUD Life Group Term Insurance Cover
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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
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Other Incentives
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- Unlimited Internet & Bank’s own ATM Transactions
- Free Missed call alert facility for Balance inquiry
- Free Utility Bills Payment Facility Through E-Pay
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Nomination facility
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Available as per the prevailing banking norms
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