Star Salary Plus Rakshak Salary for Police

Rakshak Salary account is designed exclusively for all the brave warriors out there taking to account your unique requirements. You enjoy a range of exceptional benefits. Experience hassle-free banking with zero minimum balance requirements and unlimited free transactions at BOI branches. Our account offers attractive interest rates, ensuring your hard-earned money grows effortlessly.

Our dedicated team is committed to providing you with exceptional customer service, ensuring your financial journey is smooth and secure. We provide hassle free and seamless banking experience online through our state of art mobile banking and internet banking facilities. You can now open your salary account at the convenience of your home through our digital platform also.

Open your Rakshak Salary Account with us today and experience the banking excellence you deserve.

Eligibility

All permanent employees of defence forces, i.e. Indian Army, Indian Air Forces, Indian Navy, Paramilitary Forces and Coast Guards. Agniveers are also eligible under the scheme along with ex- servicemen
All permanent employees of the central and state police, civil police, home guards, traffic police and reserve police of all states, police force of the UTs, RPF and GRP
Minimum Balance Requirement - Nil

Features

Features	Normal	Classic	Gold	Diamond	Platinum
Average Quarterly Balance	Nil	Rs 10,000/-	Rs 1 Lakh	Rs 5 Lakhs	Rs 10 Lakhs
Waiver of ATM/ Debit Card Issuance charges*(Only one card and first issuance is being considered for waiver)	Visa Classic	Visa Classic	Rupay Platinum	Rupay Select	Visa Signature
*At the time of issuance/replacement/renewal and AMC the system will apply the charges as per the prevailing Categorisation of the accounts. Rupay NCMC will be there in Free choice with all variants
Waiver of ATM/ Debit Card AMC (Subject to qualify Average Yearly Balance)	75,000/-	75,000/-	1,00,000	2,00,000	5,00,000
Free Cheque Leaves	25 leaves per quarter	25 leaves per quarter	Unlimited	Unlimited	Unlimited
Waiver of RRTGS/NEFT charges	100% waiver	100% waiver	100% waiver	100% waiver	100% waiver
Free DD/PO	100% waiver	100% waiver	100% waiver	100% waiver	100% waiver
Credit card issuance charges waiver	100% waiver	100% waiver	100% waiver	100% waiver	100% waiver
SMS/Whatsapp Alert Charges	Chargeable	Free	Free	Free	Free
Group Personal Accident Insurance cover	The Group Personal Accident (GPA) Insurance Cover is offered Free of Cost to Savings Account holders. The GPA Insurance Cover is an embedded feature of Savings Account, offered FREE and its coverage amount is linked to Scheme Type. Savings Account holders become eligible for higher quantum of coverage (Sum Insured) upon maintenance of higher Average Quarterly Balance (AQB). (Group Personal Accident Insurance Cover is offered as per Bank’s issued guidelines from time to time and prescribed guidelines of Insurance Company.)
Group Personal Accident Insurance cover	Group Personal Accidental Death insurance cover of Rs.50 Lakh Permanent Total Disability Cover of upto Rs.50 Lakh Permanent Partial Disability Cover of upto Rs.25 Lakh Air Accidental Insurance of upto Rs.200 Lakh Educational benefit of upto Rs.10 Lakh/-	Group Personal Accidental Death insurance cover of Rs.60 Lakh Permanent Total Disability Cover of upto Rs.50 Lakh Permanent Partial Disability Cover of upto Rs.25 Lakh Air Accidental Insurance of upto Rs.200 Lakh Educational benefit of upto Rs.10 Lakh	Group ersonal Accidental Death insurance cover of Rs 75 Lakh Permanent Total Disability Cover of upto Rs.50 Lakh Permanent Partial Disability Cover of upto Rs.25 Lakh Air Accidental Insurance of upto Rs.200 Lakh Educational benefit of upto Rs.10 Lakh	Group Personal Accidental Death insurance cover of Rs 100 Lakh Permanent Total Disability Cover of upto Rs.50 Lakh Permanent Partial Disability Cover of upto Rs.25 Lakh Air Accidental Insurance of upto Rs.200 Lakh Educational benefit of upto Rs.10 Lakh	Group Personal Accidental Death insurance cover of Rs 150 Lakh Permanent Total Disability Cover of upto Rs.50 Lakh Permanent Partial Disability Cover of upto Rs.25 Lakh Air Accidental Insurance of upto Rs.200 Lakh Educational benefit of upto Rs.10 Lakh
Passbook	Issuance Free
Free transaction at BOI ATM per month	10	10	10	10	10
Free Transaction at other bank ATM per month	5*	5*	5*	5*	5*
* Including financial and non-financial transactions Note: In case of ATMs located in six metro locations, viz. Bengluru, Chennai, Hydrabad, Kolkata, Mumbai and New Delhi, bank shall offer their savings bank account holders 3 free transactions (including financial and non-financial transactions) in a month at any other bank’s ATM. Rules in this regard will prevail as per RBI/Bank’s issued guidelines from time to time.
Concession in Processing Charges in Retail Loans	Nil	50%	50%	100%	100%
Concession in ROI in retail Loans (s.t. minm rates)	Not available	Not available	5 bps	10 bps	25 bps
Note	In case of any other concession already offered to Retail Loan customers viz. festive offers, special concessions to women beneficiaries etc, the concessions proposed to Savings Account holders vide this Branch Circular is automatically withdrawn.
Locker Rent Concession*	Charges applicable as per bank’s latest service charges	50%	100%	100%	100%
Salary/Pension Advance	Equal to 1 month net salary	Equal to 1 month net salary	Equal to 1 month net salary	Equal to 1 month net salary	Equal to 1 month net salary
Instant personal loan	Equal to 6 months net Salary (All other terms and conditions as arriving Net Take Home (NTH), ROI will be as per bank’s prevailing guidelines for Personal loan)