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Personal

Saving Bank Ordinary Account

Scheme available

 

At all branches

Eligible

 

Individual - Single Accounts, Two or more individuals in Joint Accounts , Illiterate Persons Blind persons, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI

Initial Deposit and Average Quarterly Balance (AQB) requirement

 
  • Rs.500/- for Cheque book operated and
  • Rs.100/- for non cheque book a/cs

Charges for Non-Maintaining Average Quarterly Balance

 

In case of Non maintenance of AQB, Penalty will be levied as under:

  • SB A/cs with cheque book facility:
  • Penal charges: Rs.54/- +S.T. per quarter at all centres
  • SB A/c without cheque book facility:
  • Penal charges: Rs.40/- +S.T. per quarter at all centres

Incentives

 
  • Internet Banking facility
  • Unlimited ATM transactions (Only at BOI ATMs)
  • Online Income Tax return filing facility
  • Personalised cheque book on request
  • Free utility bills payment facility through Epay

Product available to BOI customers

 
  • BOI-National Swasthya Bima Policy
  • floater mediclaim policy of NICL available at low premium

Nomination facility

 

Available as per the prevailing banking norms