Privilege Saving Account is the type of saving accounts which have additional features than ordinary saving. There are four types of privilege saving accounts, Pride, Prestige, Premium and Gold Saving Accounts.
|Average Quarterly Balance||101,000||151,000||201,000||301,000|
|Rate of Interest||4.50%||5.25%||6%||8%|
|Free Number of Transactions p.m.
|• RTGS / NEFT||5||10||20||20|
|• All transaction in ATMs of other banks||10||15||20||20|
|Restriction of amount in ABB||Yes||No||No||No|
|Zero waiting in branches||Yes||Yes||Yes||Yes|
|ATM Card Limit for withdrawal||25,000||25,000||25,000||25,000|
|Waiver of Charges:|
|• No Cash Handling Charges for cash Deposited upto||600,000||700,000||8,00,000||10,00,000|
|Processing Charges on Personal Loan|
|• Personal Loan||50%||75%||100%||100%|
|• Vehicle Loan||50%||75%||100%||100%|
|After 1 year of maintaining balance|
|Cover for Personal Accidental Death||100,000||200,000||300,000||N.A|
|Charges per day||10||15||25||50|
|A/c closure Charges within 1Yr||1000||1500||2000||5000|
|& unused cheques per leaf||5||5||5||5|
The Scheme is open to individuals and Co-operative societies as well. The personal benefits such as waiver in processing charges and personal insurance will not be applicable to co-operative societies.
Insurance cover not available to Armed Forces Service Personnel and to all Persons above 70 age.
In case of joint account, only the first name account holder will be eligible for insurance cover and waiver in processing charges. Nomination compulsory for being eligible for insurance coverage.