Product Details
Bank Name
CSB Bank
Account Name
CSB Gold Savings Account
Account Type
Saving
Interest Rate
Up to and including Rs 1 Lakh-2.10%,Up to and including Rs 25 Lakh-2.50%
Free Debit Card
Yes, RuPay Platinum Debit card
Account Opening Fees
0
Debit Card Charges
Free for the first year.
Annual Maintenance Fees
0
NEFT Charges
Free through net banking
Minimum Account Balance
Minimum Average Monthly Balance: Rs 25,000.
IMPS Charges
Free through net banking
Fees and Charges of
CSB Gold Savings Account
CSB Gold Savings Account
Special Features
Unlimited free access to any bank’s ATM in India.
30% discount on locker rentals.
Eligibility Criteria
Above 18 years of age.
Benefits
Features, Eligibility and Benefits of
CSB Gold Savings Account
Pros & Cons of
Pros
Free RuPay Platinum debit card,
Free NEFT/RTGS transfers (online)
30% discount on locker rentals.
Cons
Very few value-added features.
Eligibility criteria is not mentioned clearly.
Low interest rates.
CSB Gold Savings Account
CSB Gold Savings Account Review
The account comes with low interest rate. The value added benefits offered along with the account are decent. Overall the account has limited appeal.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Review of
CSB Gold Savings Account
Account Opening and Procedure of
How to open an Account?
. Eligibility Criteria:
Age: You must be at least 18 years old.
Residency: You must be a resident Indian citizen.
Minimum Average Monthly Balance (MAMB): Maintain a MAMB of Rs. 25,000 to avail all benefits.
2. Required Documents:
Proof of Identity: Aadhaar Card, PAN Card, Passport, Driving License
Proof of Address: Voter ID, Ration Card, Utility bills (electricity, water, gas)
Recent Passport-sized Photographs: 2-3 copies
3. Visit a CSB Bank Branch:
Locate your nearest CSB Bank branch.
Visit the branch during business hours.
Request an account opening form for the CSB Platinum Savings Account.
4. Fill the Account Opening Form:
Provide accurate and complete information in the form.
Sign the form in the presence of the bank official.
5. Submit Documents and Initial Deposit:
Submit the completed form along with the required documents.
Deposit the initial amount as per the bank's requirements.
6. Account Activation:
The bank will review your application and activate your account within a few business days.
You will receive your account details, including your account number, debit card, and cheque book.