Apply for an Individual Account | Individual Savings Account

Bank of India has always prioritized your financial well-being while offering exceptional banking solutions. Our SB General account is a simplified savings account that offers a hassle-free banking experience with every transaction.

A Savings Account for everyone

Make a smart choice by choosing simplified banking that gives exactly what you need from a savings account and then some more.

With user-friendly online and mobile banking platforms, banking becomes a breeze. Perform transactions, transfer funds, and access your account details anytime, anywhere. Our digital banking services are designed to provide you with a seamless and secure banking experience, giving you complete control over your finances. You can now open your savings account at the convenience of your home through our digital platform also.

Open the doors to a comprehensive banking experience with the Savings Bank Account from Bank of India. Join us today and unlock the benefits of a savings bank account that simplifies banking and embraces digital convenience. Start saving more and experience the difference of banking with Bank of India

Eligibility

All resident individuals (singly or jointly), Two or more individuals Joint Accounts, Hindu Undivided Families (HUF)
Minimum Balance Requirement - No Daily Minimum balance requirements

Features

Features	Normal	Classic	Gold	Diamond	Platinum
Average Quarterly Balance	Rs 500	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)	Rupay NCMC	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. The Rupay NCMC will be there in Free choice with all variants.
Rupay Sangini Debit Card- Sangini Debit Card is an exclusively designed ATM cum Debit Card for Women. This card will only be issued to all women account holders.
Waiver of ATM/ Debit Card AMC (Subject to qualify Average Yearly Balance)	Rs.50,000/-	Rs.50,000/-	Rs.1 Lakh	Rs. 2 Lakhs	Rs. 5 Lakhs
Free Cheque Leaves	First 25 leaves	25 leaves per annum	25 leaves per quarter	50 leaves per quarter	Unlimited
Waiver of RRTGS/NEFT charges	Charges applicable as per bank’s latest service charges	Charges applicable as per bank’s latest service charges	50% waiver	50% waiver	50% waiver
Free DD/PO	Charges applicable as per bank’s latest service charges	Charges applicable as per bank’s latest service charges	50% waiver	50% waiver	50% waiver
Credit card issuance charges waiver	100% waiver for all categories
SMS/Whatsapp Alert Charges	Chargeable	Chargeable	Free	Free	Free
Group Personal Accident Insurance cover	The Group Personal Accident Insurance Cover is inbuilt benefit to the SB A/C holders and its coverage amount is linked to Scheme Type which is further enhanced based on maintenance of AQB. (Details of Group Personal Accident Insurance Cover is advised vide HO BC 117/158 dated 08.09.2023.) (Group Personal Accident Insurance cover will prevail as per Bank’s issued guidelines from time to time.)
Group Personal Accident Insurance cover	Rs 1,00,000/-	Rs 10,00,000/-	Rs 25,00,000/-	Rs 50,00,000/-	Rs 1,00,00,000/-
Passbook	First issuance Free	First issuance Free	Issuance Free	Issuance Free	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	Not available	Not available	50%	75%	100%
Concession in ROI in Retail Loans	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*	NA	NA	10%	50%	100%
Salary/Pension Advance	NA
Instant Personal Loan	NA