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

 

NATURE OF OPERATION As per the constitution of the entity

 

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

 

 50% concession on the prescribed charges for DD

 

Free

 

RTGS/NEFT  25% concession on normal charges through branch and free through online

 

 50% concession on normal charges through branch and free through online.

 

 Free both online & offline

 

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/-

 

 Up to Rs. 3,00,,000/- Free > Rs.3,00,000/- Re.1/- per thousand Min Rs.100/- ; Max Rs.5000/-

 

 Up to Rs 5,00,000/- Free > Rs.5,00,000/- Re.1/- per thousand Min Rs.100/- ; Max Rs.5000/-

 

CASH DEPOSIT IN NON HOME BRANCHES Rs.50,000 per day – free

 Deposits in excess of Rs.50, 000 per day will be charged @ 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 @ 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 @ Re1 per R1000, minimum of Rs25/- per txn. (No cash handling charges)

 

CASH WITHDRAWAL IN NON HOME BRANCHES  Up to Rs.50000/- Free  >Rs.50000/- Rs.2/- per 1000/- with a minimum of Rs.25/-

 

 Up to Rs.50000/- Free  >Rs.50000/- Rs.2/- per 1000/- with a minimum of Rs.25/-

 

 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

 

 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

 

Free

 

BUSINESS DEBIT CARD*

*For features refer the service charges

Available
COMPLIMENTARY SERVICES NIL NIL POS Machine 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 Oct 05, 2021 at 01:10:34 PM )

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