IND GURUDEV
IND GURUDEV
| 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 |
|
||
| CHEQUE BOOK | Free 50 Leaves per calendar year. | ||
| DD | Free 10 DDs in a calendar year. | ||
| SMS ALERT | Free | ||
| STATEMENT | Free | ||
| RTGS/NEFT /IMPS |
|
||
| DEBIT CARD | Rupay Platinum Debit Card with
|
||
| 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 |
|
||
| 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 |
|
||
| CONCESSIONS ON RETAIL 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 |
|
||
| OTHER TERMS & CONDITIONS |
|
Frequently Asked Questions (FAQs)
Find answers to commonly asked questions about Indian Bank Savings Bank Account.
1. What is a Savings Bank Account?
A Savings Bank Account is a deposit account that allows you to securely save money, earn interest on your balance, and access banking services such as ATM, UPI, internet banking, and mobile banking.
2. Who is eligible to open an Indian Bank Savings Bank Account?
Resident individuals, minors (under applicable schemes), senior citizens, and other eligible customers can open a Savings Bank Account with Indian Bank by fulfilling the prescribed KYC requirements.
3. How can I open a Savings Bank Account with Indian Bank?
You can open a Savings Bank Account by visiting your nearest Indian Bank branch or through the online account opening facility, where available, after completing the required KYC process.
4. What documents are required to open a Savings Bank Account?
To open a Savings Bank Account, you generally need valid identity proof, address proof, PAN or Form 97, Aadhaar (where applicable), passport-size photographs, and other KYC documents as prescribed by the bank.
5. What is the interest rate on an Indian Bank Savings Bank Account?
The Savings Bank Account interest rate is determined by Indian Bank and may vary as per the applicable interest rate policy. Please refer to the latest interest rates published by the bank.
6. Is there a minimum balance requirement for a Savings Bank Account?
There are no charges for non-maintenance of minimum balance in Savings Accounts. However, premium Savings Account variants require a minimum balance to avail value-added benefits such as insurance coverage, concessions on service charges, and more. Please check the specific account type for applicable balance requirements.
7. Can I open a joint Savings Bank Account?
Yes. Indian Bank allows eligible customers to open a joint Savings Bank Account as per the bank's terms and conditions.
8. What banking facilities are available with a Savings Bank Account?
Indian Bank Savings Bank Accounts offer facilities such as ATM/debit card, UPI, internet banking, mobile banking, cheque book, SMS alerts, and fund transfer services, depending on the account type.
9. Can I open a Savings Bank Account online?
Yes. Indian Bank offers online account opening for eligible customers under applicable account schemes and KYC guidelines.
10. How is interest calculated on a Savings Bank Account?
Interest on a Savings Bank Account is calculated based on the applicable daily balance method and is credited periodically as per the bank's policy.
11. Can I convert my existing Savings Bank Account to another account variant?
Yes. Subject to eligibility and the bank's policies, you may request to convert your existing Savings Bank Account to another eligible savings account variant.
12. Why should I choose an Indian Bank Savings Bank Account?
Indian Bank Savings Bank Accounts offer secure banking, competitive interest rates, digital banking facilities, multiple account variants, and convenient access through a wide network of branches and ATMs.
Disclaimer
The content has been translated from the English version using indigenously developed Artificial Intelligence capabilities (Bhashini, developed by MeitY). In the event of any ambiguity or doubt, users are advised to refer to the original English content for clarification.
All information, materials, advice, suggestions, illustrations, notifications, circulars, and other items on this website are collectively referred to as the “Content.”
Indian Bank assumes no responsibility for any errors, omissions, inaccuracies, or typographical mistakes that may appear in the Content. Indian Bank does not provide any warranty or representation regarding the Content and expressly disclaims all liabilities.
Any action taken by users on the basis of such Content shall be entirely at their own risk and responsibility.
Indian Bank reserves the right to modify, correct or update any part of the Content at any time.
No portion of the Content may be displayed or printed without prior written approval of Indian Bank.
As the translated Content has been generated using AI, we encourage suggestions for improvement.
Suggestions may be submitted at:
https://bhashini.gov.in/bhashadaan/en/home