Product Details
Bank Name
CSB Bank
Account Name
CSB Platinum Savings Account
Account Type
Savings Account
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
Annual Maintenance Fees
0
Minimum Account Balance
Minimum Average Monthly Balance: Rs 1,00,000.
Debit Card Charges
Free for the first year.
NEFT Charges
Free through Net /MobileBanking
IMPS Charges
Free through net banking
Fees and Charges
CSB Platinum Savings Account
Special Features
Unlimited free access to any bank’s ATM in India.
Free small locker.
Eligibility Criteria
Age: You must be at least 18 years old to open a savings account in your own name.
Residency: You must be a resident Indian citizen.
Identification: You'll need to provide valid identification documents, such as:Aadhaar Card
PAN Card
Passport
Driving LicenseAddress Proof: You'll also need to provide proof of your current address, such as:Voter ID
Ration Card
Utility bills (electricity, water, gas)
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Unlimited free access to any bank’s ATM in India.
Free NEFT/RTGS transfers (online),
Free small locker.
50% discount on locker rentals on others.
Cons
Very few value-added features.
Low interest rates.
CSB Platinum Savings Account Review
The account comes with low interest rate and offers average value add features.
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
Product Review
Account Opening and Procedure
How to open an Account?
Fill the Account Opening Form:
Provide accurate and complete information in the form.
Sign the form in the presence of the bank official.
Submit Documents and Initial Deposit:
Submit the completed form along with the required documents.
Deposit the initial amount as per the bank's requirements.
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.