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 Rs 75,000/- per day as against the present limit of Rs 50,000/- |
| 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 Form 121 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 (Form121) 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 |
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