BOI Ratnakar Salary Account Scheme


  • NIL balance requirement
  • Issuance free of cost for all types of Rupay ATM cum Debit cards
  • Salary Advance as easy OD facility
  • Instant personal loan
  • Group Personal Accidental death Insurance of Rs. 5 lakh.
  • 50% waiver of processing charges in Vehicle Loan, Home Loan & Personal Loan.


*Terms & Conditions apply. For further details, Please contact your Nearest Branch


Group Personal Accidental Death Insurance Cover

  • Group Personal Accident Death Insurance of Rs 5 lakhs*
  • Air Accident Cover of Rs. 20 lakhs*

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Please note:

  • The Cover is Subject to settlement of Claim by the Insurance Company without any Liability to the Bank. The rights and liabilities of the insured shall be with the Insurance Company.
  • Bank holds the right to withdraw the facility at its discretion. A prior notice shall be given to all account holders covered in the scheme.
  • The Insurance Cover Benefits are over and above their own Organization’s Group Insurance Scheme


Salary Advance as Easy Overdraft Facility(max 1 month)

  • Quantum:
    One month’s net salary ( not to exceed Rs. 1 Lakh)
  • Subject to:
    - Minimum one month’s Salary Credit in the Salary Account.
    - Undertaking from employee/ employer
  • ROI: As applicable to Star Personal Loan for the scheme Repayment within 30 days
  • Delegation: Branch Head irrespective of Scale

Instant Personal Loan

  • Quantum: Demand Loan of 6 months net salary (not to exceed Rs. 5 Lakh) to be repaid in less than 36 months.
  • Subject to:
    - Minimum CIBIL Score of 675
    - The proponent does not have any existing personal loan from anywhere else
    - Minimum three months’ Salary Credit in the Salary Account.
    - All other prevailing conditions of Star Personal Loan Scheme are to be complied with.
    Undertaking from employee/ employer
  • ROI: As applicable to Star Personal Loan
  • Delegation: Branch Head irrespective of Scale


  • Issuance of Rupay International card free of cost.
  • Utility Bills Payment Facility Through E-Pay
  • Assisted Online Filling of ITR through Bank’s website
  • Option of availing health insurance and Group Term insurance from existing tie-up partners
  • First issuance of Pass Book will be free

BOI-Ratnakar-Salary-Account