Current Account for Individuals and Business Concerns
Product Features
- Free Online Transactions
- Free Issuance of ATM card.
- Free Cheque books
- Free Life Insurance
- SMS Alerts facility
Additional Special Privilege
- Absolutely Free Insurance Cover
- Natural Death: Rs. 1,000,000/- (Maximum)
- Accidental Death: Rs. 2,000,000/- (Maximum)
- Permanent Disability: Rs. 1,000,000/-(Maximum, as per insurance policy)
Terms & Conditions:
- Minimum account opening balance: Rs. 1,000/-
- Required average monthly balance in account: Rs. 10,000/- (for insurance coverage)
- Insurance coverage is applicable on ages from 18 to 60 years
- No Restrictions on Maximum Balance
- Insurance Cover admissible after 90 days of opening of account.
- The insurance cover is provided to the extent of average balance maintained in the account during last 90 days in case of Natural death and Permanent Disability, whereas in case of Accidental Death the coverage provided is doubled.
- Quick processing time for borrowing against funds.
- Insurance Cover admissible after 90 days of opening of account.
- In case of joint or partnership account the benefit is apportioned prorate for each account holder i.e. if two account holder then the benefit is half for each, if three then third for each , and so on.
