IB PROFESSIONAL

*Name of Product*	*IB PROFESSIONAL CURRENT ACCOUNT*
*Target Group*	All professionals including Doctors, Engineers, Architects, Chartered Accountants, Company Secretaries, Cost Accountants, Lawyers, Advocates, Solicitors, Designers etc., Firms, LLP’s. Valid Membership / Degree / License Holders
*Purpose*	For Business purposes, daily transactions, Fund Management & Investments
*Account type*	Current Account
	*Variants*
	*IND Grow Professional*	*IND Flexi Professional*	*IND Elite Professional*
*Quarterly Average Balance*	Rs 50,000/-	Rs 75000/-	Rs 100000/-
*Min Balance*	Rs 5000/-	Rs 7500/-	Rs 10000/-
*Free GPA Insurance Coverage*	Rs. 22.00 Lakh (Rs. 20 Lakhs GPA and Rs. 2 Lakh under Rupay Debit Card)	Rs. 27.00 Lakh (Rs. 25 Lakhs GPA and Rs. 2 Lakh under Rupay Debit Card)	Rs. 32.00 Lakh (Rs. 30 Lakhs GPA and Rs. 2 Lakh under Rupay Debit Card)
*Free GPA Insurance Coverage*	GPA Coverage – for account in the name of individual and Sole Proprietorship concern only in the age group of 18 to 60 years – (In case of joint account – 1^st person only will be covered) Free GPA shall be offered to first 10000 customers on first come first serve basis, which may be on review of the performance, extended to the next lot at sole discretion of the Bank. The insurance coverage shall be applicable for 1 year only, subsequent renewal, extension of the policy on sole discretion of the Bank. Free GPA insurance coverage shall be extended to eligible account holder after 20^th of succeeding month of first quarter based on maintenance of QAB and after coverage, if sufficient QAB is not maintained in following quarter, charges for GPA shall be recovered from the Account Holder.
**Cash Deposit (Home Branch)***	Free upto 60 lakh in a quarter After which Rs. 2 per thousand	Free upto 75 lakh in a quarter After which Rs. 2 per thousand	Free upto 90 lakh in a quarter After which Rs. 2 per thousand
*Cash Withdrawal*	Free	Free	Free
*Cheque Book Facility*	400 Leaves Free per annum	600 Leaves Free per annum	800 Leaves Free per annum
*RTGS/NEFT*	50% Discount on Card Rate	50% Discount on Card Rate	50% Discount on Card Rate
*Account keeping Charges*	No charges for transactions done through digital mode. For transactions other than digital mode – Free Upto 80 transactions in a quarter	No Charges for transactions done through digital mode. For transactions other than digital mode – Free Upto 120 transactions in a quarter	No Charges for transactions done through digital mode. For transactions other than digital mode – Free Upto 160 transactions in a quarter
*SMS Alert*	Free	Free	Free
*Locker Facility#*	25% discount on Locker Rent (1 – Small Size Locker)	25% discount on Locker Rent (1 – Small Size Locker)	50% discount on Locker Rent (1 – Small Size Locker)
*QR Code/POS*	· *Free QR Code Sound Box* · *Free POS (Soft POS)*
*WC/Overdraft Limit*	Eligible for WC/Overdraft Limit after 6 months of successful operations in the Account. (Terms & conditions apply. WC/Overdraft Limit as per Extant guidelines of the Bank)
*Charges for Non Maintenance of Minimum Avg Balance*	600/- per quarter	1000/- per quarter	1500/- per quarter
Debit Card*	Free AMC– RuPay Domestic Card	Free AMC – RuPay Domestic Card	Free AMC – Rupay Domestic Card
*Mode Of operation*	As per Mandate	As per Mandate	As per Mandate
*Statement on Email*	Free	Free	Free
*Balance Certificate*	Free	Free	Free
*Transfer of Home Branch*	Nil Charges	Nil Charges	Nil Charges
*Credit Card*	Eligible as per Bank’s Extant Guidelines.
*Sweep Facility*	NA	NA	Available (Threshold Limit for Sweep: Rs. 2.00 Lakh – Sweep would be effected in multiple of Rs. 25000 – MOD 7 days to 180 days
*Demat Account & Trading Account*	Available	Available	Available
*Doorstep Banking*	Door Step Banking as per Extant guidelines of the Bank.
Registration of Nomination*	Free	Free	Free
*Airport Lounge Access (Debit Card)*	Free 2 Visits in a quarter	Free 2 Visits in a quarter	Free 2 Visits in a quarter
*Investment*	Available	Available	Available
*Insurance*	On attractive Rate	On attractive Rate	On attractive Rate
*Relationship Manager*	A Dedicated Relationship Manager who will be a single point of contact with the Bank
*Wealth Management*	Available	Available	Available
*Specific Conditions*	All other Terms and conditions applicable to CA to be adhered to. For all other services Card Rate to apply as per Latest Service charges Circular

( अंतिम संशोधन Nov 06, 2024 at 04:11:53 PM )

ADYA