| TARGET GROUP |
Resident Individuals working as Teachers, Professors, Lecturers in Schools, Colleges, Educational Institutions, Universities (Govt. & Private) with a minimum monthly gross salary of Rs.15000/- |
| AGE GROUP |
Entry Age – 21 years
Exit Age – 62 years or date of superannuation whichever is earlier. |
| INITIAL DEPOSIT |
NIL |
| AVERAGE MINIMUM BALANCE |
NIL |
| NATURE OF OPERATION |
Single |
| AUTO SWEEP
FACILITY |
- Available, in multiple amounts of Rs. 10,000/- over and above the cut off limit of Rs. 25000/- on weekly basis.
- Period of MOD in the form of STD only and will be for 7 days to 180 days at the option of the depositor.
- Penalty for premature closure of MOD will be charged as per the bank rules in force on the date of pull sweep transaction as per the extant guidelines.
|
| CHEQUE BOOK |
Free 50 Leaves per calendar year. |
| DD |
Free 10 DDs in a calendar year. |
| SMS ALERT |
Free |
| STATEMENT |
Free |
| RTGS/NEFT /IMPS |
- 5 Transactions free per month if done through branch
- Free if made through Online Mode ( Internet & Mobile Banking )
|
| DEBIT CARD |
Rupay Platinum Debit Card with
- AMC Free for 1st year.
- Airport Lounge Benefits as offered by the Debit Card Company (RUPAY)
|
| MAXIMUM WITHDRAWAL AT OWN /OTHER BANK ATMs |
Unlimited Free Transactions at all ATMs (Indian Bank and other Bank ATMs) |
| EXCESS WITHDRAWAL CHARGES |
70 transactions free per half year excluding online transactions as against the present limit of 50 per half year. |
| ACCIDENTIAL INSURANCE COVER ON DEBIT CARD |
Rs.2 Lacs
Personal Accidental Insurance with Rupay Platinum Debit card is subject to terms and conditions of debit card company which may change from time to time. |
| DEMAT A/C OPENING & TRADING |
- Free Demat & Trading Account
- 1st Year AMC waived off, if opened through our bank’s mobile app “Ind Oasis.
|
| MAXIMUM TRANSACTION AT POINT OF SALES (POS) |
Rs.1,00,000/-
( Applicable on Rupay Platinum Debit Card) |
| CREDIT CARD |
Eligible as per bank norms |
| INSURANCE |
| Group Personal Accidental Insurance Coverage |
- Personal Accident Death Insurance Cover of Rs.40 Lacs.
- Accidental Permanent Total Disability cover of Rs.40 lacs.
- Accidental Permanent Partial Disability cover of Rs.20 lacs
- Air Accident Death Insurance Cover of Rs.80 Lacs
|
- Insurance Coverage will be offered only to the eligible account holders maintaining an Average Monthly Balance (AMB) of minimum Rs.10000/-
- Insurance cover will be valid only for one year
- Insurance will be available till the account remains in the eligible salary scheme code. Thus, insurance cover will not be available in case account transferred to Normal Saving Account due to non-receipt of salary in the account and non – maintenance of AMB.
|
| CONCESSIONS ON RETAIL LOANS |
- Concessional Offerings on ROI & Processing Fees to be offered on Personal Loan, Home Loan, Car Loan and Education Loan, Jewel Loans
|
| PRE APPROVED PERSONAL LOAN |
Eligible as per existing circularized guidelines. |
| LOCKER RENT |
50 % discount on locker rental for the first year of allotment of Medium/Small Sized Locker. |
| OTHER BENEFITS |
- Complementary Zero Balance Savings Account for the Spouse & Minor Children of the A/c Holder.
- Nil Charges for Signature verification/Photo attestation/All certifications
|
| OTHER TERMS & CONDITIONS |
- In case, the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under this product will stand withdrawn and the account shall be treated as Regular Savings Account under our standard charge structure, and all charges shall be levied and applied as applicable to normal savings accounts.
- Nomination is Mandatory
|
