IND ASPIRE-WOMEN – “Empowering women with Smart Banking”
| Target Group | Women Entrepreneurs (Individual /Proprietorship /Partnership/ Companies or any other association) Firms / Companies having Women as Beneficial owners will qualify.
Beneficial Owner: Woman will be beneficial owner if she is having more than 10 percent of the shares or capital or profits of the company/firm/Trust. |
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| Purpose | For Business purposes, daily transactions, Fund Management | |
| Account type | Current Account | |
| Minimum QAB | Rs.50000/- | |
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QR Sound box |
Free of cost “QR Sound Box” (1 time cost and AMC for 2nd and 3rd year waived)
Sim/data connectivity charges to be borne by the customer. |
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Concession in Cash Deposit charges |
Home Branch | Free up to Rs. 100 lakh /quarter subject to max 5 lakh/day
(Above this card rate applicable) |
| Non Home Branch | Free up to Rs. 50000 per day,
After free limit: Rs. 1 per thousand (minimum Rs 25 per transaction) |
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| Concession in Cash Withdrawal charges | Home Branch | Free |
| Non Home Branch | Free up to 50000 per day
After free limit: Rs. 2 per thousand (minimum Rs 25 per transaction) |
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| Cheque Book Facility | 100 Leaves Free per annum | |
| RTGS/ NEFT
(Branch Channels) |
Free through digital channel/Card rate at branch. | |
| Account keeping Charges | · No charges for transactions done through digital Channel (Net Banking, Mobile Banking, UPI, etc.)
· For transactions other than digital channel free up to 80 transactions in a quarter. Above 80 transactions normal card rate applicable. |
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| Bulk payment upload via Excel/API | Free | |
| QR code generation | Free of charges | |
| POS terminal | One-time Cost Model
Machine will be provided free. Monthly rent will be borne by Customer Rental Model Security deposit for machine will be provided free. Monthly rent will be borne by Customer (As per choice of customer) |
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| Charges for Non Maintenance of MAB | Normal card rate | |
| Issuance of Debit Card* | Free of cost Rupay Select Debit Card
(Issuance charges is waived – AMC charges from 5th year onward shall be applicable) (The facility is available for Individual/Proprietorship only) |
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| Insurance Coverage (GPA) – on Debit Card | Rs.10 Lakhs**
**Offering of Personal Accidental Insurance with Debit card is subject to terms and conditions with NPCI which may change from time to time |
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Special Offers under Rupay Select Debit Card*:
(* subject to Terms and Conditions of NPCI/Rupay which may change from time to time). |
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| Health Insurance Coverage | During the deliberation it has been decided to extend additional facility of free of cost Cancer Insurance cover of INR 10 lakh with protection of income up to Rs. 25000/- for 3 months. (Cervical, Ovarian, Uterine (Endometrial), Vulvar, Vaginal, Fallopian Tube and Breast Cancer are covered) for the women beneficiary of the firm (In case of partnership/Company any one of the women beneficiaries as proposed by the account holder). | |
| Mode Of operation | As per Mandate | |
| Statement on Email | Free | |
| Balance Certificate | Free | |
| Transfer of Home Branch | Nil Charges | |
| Sweep facility | Auto sweep facility in multiples of Rs.25000/- beyond Rs.1.00 lakh threshold with MOD from 7 days to 1 year. | |
| Internet Banking/ IndSMART App/ ATM Card | All digital products e.g., mobile banking, internet banking facilities may be offered as per Bank’s Extant Guidelines. | |
| Demat Account & Trading Account | Card Rate | |
| Registration of Nomination* | Free | |
| Specific Conditions | Bank holds the right to withdraw the facility in full or in part at its discretion at any time in future.
All other Terms and conditions applicable to current accounts to be adhered to. For all other services Card Rate to apply as per Latest Service charges Circular |
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