| TARGET CUSTOMERS |
Individual -Gig Workers 18 years & above
Platform-based / Non-Platform Workers
Individuals who fulfil the above criteria and not falling under ineligible category.
Not Eligible (Exclusions):
- Individuals not having UAN.(Universal Account No.)
- Individuals receiving salary from formal full-time employment (government/PSU/private)
- NRI / NRO / PIO / OCI
- Foreign nationals, expatriates, and individuals without resident status.
- Politically Exposed Persons (PEP) and their relatives/associates.
- Individuals below 18 years of age.
- HUF, or non-individual entities
- People currently registered under EPFO or ESIC.
|
| AGE GROUP |
Entry Age – 18 years
Exit Age – No limit (However free GPA insurance coverage will be provided up to age of 60 years only) |
| INITIAL DEPOSIT |
NIL |
| MONTHLY AVERAGE BALANCE |
NIL |
| FREE GROUP PERSONAL ACCIDENTAL |
GPA Insurance coverage of Rs. 5.00 Lac |
| DIGITAL HEALTH CONSULTANCY |
Free digital health consultancy for self and four family members. |
| NATURE OF OPERATION |
Single/Joint (As per Mandate, however insurance coverage is proposed for primary account Holder) |
| CHEQUE BOOK |
Available -On Request |
| SWEEP FACILITY |
A Minimum Average Balance of Rs. 25,000/- (total products of 7,50,000 per month i.e. 30 days X Rs.25,000/-) and a threshold minimum of Rs.50,000- for transferring to Term Deposit. (i.e. Sweep would be effected only when the balance exceeds Rs.50,000/-)
Sweep will be in multiple of Rs. 10,000/- over and above the cut off limit of Rs.50,000/- on Sundays or at the option of the customer. |
| RTGS/NEFT/IMPS |
Unlimited free through Digital channel only, |
| SMS ALERT |
Free |
| STATEMENT |
Free |
| NET/MOBILE BANKING/ |
Free |
| ATM DEBIT CARD |
Only Rupay Classic Card permitted |
| ATM TRANSACTION |
- ATM Transactions in Our Bank’s ATM – Unlimited free
- ATM transactions in Other Bank’s ATMs : Free 5 Per Months (Non Metro Centre/Metro Centre – 3 transactions free per month)
|
| CREDIT CARD |
Credit Card as per eligibility |
| QR Code |
Free QR Code |
| WEALTH MANAGEMENT |
Free DEMAT account |
| DOCUMENTS REQUIRED |
- CIF & Deposit Account Opening Form
- KYC documents
- UAN Mandatory
|
| OTHER TERMS & CONDITIONS |
- The total credit limit per day in the accounts is Rs. 8000/- only.
- If the customer’s occupation changes and no longer falls under the Gig and Platform Worker or unorganized sector category, the customer shall intimate the bank and convert the account to any other eligible Savings Account variant as per the Bank’s guidelines.
- The Bank reserves the right to modify, withdraw, or replace any feature or benefit of the IND-GIG CHAMPION account at its discretion.
- Bank will only be paying the insurance premium. Claim settlement related issues associated with complimentary insurances to be directly taken up by the customer concerned, with the insurance company.
- All other Service Charges except the relaxations given above will be levied as per Bank’s Schedule of Service Charges as applicable from time to time.
- All other guidelines are as per Savings Bank Account (other than mentioned above) as applicable from time to time shall be adhered to.
- Nomination facility is available.
- Branch to explore cross selling of health insurance plans and super top-up Health Insurance Plans of our Bank’s Health Insurance Partners, Premium for which is to be borne by the account holder.
- Customer can open only one account of under the product.
- If the account is converted from the IND-GIG CHAMPION to any other Savings Account type, the associated benefits of IND-GIG CHAMPION account will cease immediately.
- Benefits, offers, and partner privileges are subject to partner’s availability, bank policies, and periodic revisions without prior notice.
- All transactions, charges, and limits will be governed by the Bank’s service charges circular/ guidelines.
- KYC norms as prescribed by RBI and Bank must be fully complied with for account opening and continuation.
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