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IB – Sammaan

IB – Sammaan

Monthly Average Balance                       NIL
Type of customers Resident Individuals aged over 60 years
Mode of operation Either singly or jointly; however, the first account holder must be a senior citizen
Cash withdrawal at Non-home branches Enhanced cash withdrawal facility without charges from non-home branches up to R75,000/- per day as against the present limit of R50,000/-
Excess debit charges 60 transactions free per half year excluding online transactions as against the present limit of 50 per half year.
Account closure charges NIL
Cheques 50 leaves free per annum (Additional 30 leaves besides 20 offered free to all)
Passbook Exclusive color of Pass Book for ease of identification
DD 25% concession on the normal charges prescribed for DD
RTGS /NEFT Outward 25% concession on normal charges through branch and Free when done online
SMS Alert charges Free
Debit   & Credit Card Senior Citizen Photo Debit card with year of birth.
Concession in locker rent 10% on the rent of small lockers
Minimum Balance Charges NIL
Statement of account Already one per month is being sent through mail [at] free of cost.
Signature verification/Photo attestation/All certifications Free
Privileged Services 1.        SMS alerts for submitting 15H at the quarter beginning and when a new Term Deposit is opened.

2.        Preferential treatment at the bank (No Token System i.e. every alternate person would be Senior Citizen in all the SWO / Chief Cashier Counters)

Concession in interest rate on retail loans 0.50% on pension loans

0.05% in car loan

Preapproved personal loan and Home loan to pensioners *

*Terms and conditions apply

Door Step banking Door step banking – Cash / Cheque pickup and cash / demand draft delivery, Collection of TDS – Exemption Certificate (15H) with the use of Business Correspondent.

Free for age above 80 years depending upon the need and call.

At a nominal charge for other Senior Citizen aged > 60 years upto 80 years

( Last modified on Nov 01, 2021 at 06:11:16 PM )

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