IOB EIGHTY PLUS - SB
The product is designed for the Super Senior Citizens ie Senior Citizens with age 80 years and above.
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Description |
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Name of the Product
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IOB Eighty Plus - SB
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Nature of the Product
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Savings Bank account loaded with special features and concession in service charges.
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Eligible Customers
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All Super Senior Citizens with age 80 and above as on date of opening of account. Any valid KYC documents containing age/DOB as per existing KYC policy of RBI can be accepted as proof of age. Birth Certificate or any other valid proof containing age/ date of birth can also be accepted as proof of age.
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Mode of operation
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Self / E or S with spouse only / F or S with spouse only (Super senior citizen as primary account holder).
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Nomination
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Permitted as per rules
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Scheme Change
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Existing Accounts can be converted only on request.
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Minimum Balance
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No Minimum balance specification.
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Rate of Interest
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As applicable to regular savings account.
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Special Features/ Concession in Service Charges Offered
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- Door-step Banking to the needy customers with the use of Business Correspondent.
- Free Personalised Cheque book without any restriction.
- Free Internet Banking Enrollment.
- Free Mobile Banking Enrollment.
- Hassle free submission of Life Certificate for Pensioners using Jeevan Praman / Biometric Platform using BC at their doorsteps.
- Free SMS alerts for transactions. (Debit/ Credit)
- Free Issuance of Debit Cards (Rupay Platinum) and 50% waiver of Annual Maintenance Charges from 2nd year onwards.
- Free Medical checkup during annual camp organized by us in tie-up with Health insurance partners- Apollo Munich Insurance/Universal Sompo General Insurance.
- Collection of TDS-Exemption Certificate (15H) through BC.
- Delivery of TDS certificates through email / courier as desired by the customer.
And many more...
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