IB i-Freedom Current Account
IB i-Freedom Current Account
IB –iFreedom Current Account — “Smart Account for Smart people”
| ELIGIBLE CUSTOMERS | Traders, Businessmen, Corporate Bodies, viz. Petrol Bunks, Retail and Wholesale customers, Wholesale agents, Corporates, Education Institutions and Government Departments, Y Gen customers, Professionals and Software Companies. | ||
| KYC REQUIREMENT | As applicable to Current Account
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| NATURE OF OPERATION | As per the constitution of the entity
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| VARIANTS | COOL | PLUS | PRIME |
| AVERAGE MONTHLY MINIMUM BALANCE | Rs.50,000 | Rs.100000 | Rs.500000 |
| CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE | Rs.250/-per month | Rs.500/-per month | Rs.1500/-per month |
| CHEQUE BOOK | 50 leaves free per month | 100 leaves free per month | 200 leaves free per month |
| DEMAND DRAFT | 25% concession on the prescribed charges for DD
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50% concession on the prescribed charges for DD
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Free
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| RTGS/NEFT | 25% discount on Card rate | 50% discount on Card rate | Free |
| SMS ALERT | Free | Free | Free |
| NET/MOBILE BANKING | Corporate Net Banking Free | ||
| CASH DEPOSIT IN HOME BRANCH (CASH HANDLING CHARGES) | Up to Rs. 2,50,000/- Free > Rs.2,50,000/- Re.1/- per thousand Min Rs.100/- ; Max Rs.5000/-
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Up to Rs. 3,00,,000/- Free > Rs.3,00,000/- Re.1/- per thousand Min Rs.100/- ; Max Rs.5000/-
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Up to Rs 5,00,000/- Free > Rs.5,00,000/- Re.1/- per thousand Min Rs.100/- ; Max Rs.5000/-
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| CASH DEPOSIT IN NON HOME BRANCHES | Rs.50,000 per day – free
Deposits in excess of Rs.50, 000 per day will be charged [at] Re1 per R1000, minimum of Rs25/- per txn. (No cash handling charges)
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Rs.50,000 per day – free
Deposits in excess of Rs.50, 000 per day will be charged [at] Re1 per R1000, minimum of Rs25/- per txn. (No cash handling charges) |
Rs.50,000 per day – free
Deposits in excess of Rs.50, 000 per day will be charged [at] Re1 per R1000, minimum of Rs25/- per txn. (No cash handling charges)
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| CASH WITHDRAWAL IN NON HOME BRANCHES | Up to Rs.50000/- Free >Rs.50000/- Rs.2/- per 1000/- with a minimum of Rs.25/-
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Up to Rs.50000/- Free >Rs.50000/- Rs.2/- per 1000/- with a minimum of Rs.25/-
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Up to Rs.50000/- Free >Rs.50000/- Rs.2/- per 1000/- with a minimum of Rs.25/- |
| ACCOUNT KEEPING CHARGES | 3 pages free (3*40 transactions) excluding online transactions per quarter, charged half yearly.
For excess consumption over free entitlement, please refer service charges notification
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5 pages free (5*40 transactions) excluding online transactions per quarter, charged half yearly.
For excess consumption over free entitlement, please refer service charges notification
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Free
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| BUSINESS DEBIT CARD*
*For features refer the service charges |
Available | ||
| POS Machine | Free of cost, subject to min tranx by POS machine of Rs.75000/- per month otherwise monthly charges at Rs. 1000/- + GST.
Rent free including data connectivity charges. |
Free of cost, subject to min tranx by POS machine of Rs.75000/- per month otherwise monthly charges at Rs. 500/- + GST.
Rent free including data connectivity charges. |
Free of cost, subject to min tranx by POS machine of Rs.75000/- per month.
Rent free including data connectivity charges. |
| EXCLUSIVE PRIVILEGES | 1.5 times the normal reward points on credit card | 1.75times the normal reward points on credit card | 2 times the normal reward points on credit card |
| SERVICE CHARGES | All other service charges as per service charges notification. | ||
Note: All other terms and conditions as applicable to Normal Current Account /Credit cards shall apply for this product also
( Last modified on Mar 12, 2024 at 02:03:31 PM )
