Bank of India| Diamond BOI Star Parivaar Savings Account account Interest Rates, Minimum Balance, Features

Product Details

Bank Name

Bank of India

Account Name

Diamond BOI Star Parivaar Savings Account

Account Type

Saving

Interest Rate

Upto ₹ 1.00 lakhs -2.75% and above ₹ 1.00 lakhs - 2.90%

Free Debit Card

NIL

Account Opening Fees

Debit Card Charges

Rupay Select debit card is issued with a 20% waiver of issuance and annual maintenance charges.

Annual Maintenance Fees

NEFT Charges

Free online

Minimum Account Balance

Total Average Quarterly Balance (AQB) in all accounts (Linked under single Family Group ID): ₹ 5 Lakh

IMPS Charges

Free online

Fees and Charges of

Diamond BOI Star Parivaar Savings Account

Special Features

• A minimum of 2 and a maximum of 6 accounts can be linked under a single family group ID.
• Individual personal accident insurance cover based on their savings account AQB maintained would be available.
• 50% concession would be given on locker rent.

Eligibility Criteria

• Members of one Family will be grouped under a common group UNIQUE GROUP ID with a minimum of 2 and a maximum of 6 members of the family. The family members may include Spouse, Son, Daughter, Father, Grandfather, Father-in-law, Grandmother, Mother, Mother-in-law, Daughter-in-law, Son-in-law, Brother, Sister, Grand Son & Grand Daughter. The family members should be from the same family unit (maternal or paternal clan)
• All accounts must be UCIC and KYC compliant. Non-KYC Compliant/Dormant/Frozen/Inoperative /NPA/Joint /Staff/Institutional /BSBD accounts cannot be linked under the BOI Star Parivaar Savings account.

Benefits

Features, Eligibility and Benefits of

Diamond BOI Star Parivaar Savings Account

Pros & Cons of

Pros

• A 50% concession would be given on locker rent.
• Free passbook facility is provided to the user.
• Users will get 10 free transactions at BOI ATM per month.
• Users will get a group personal accident insurance cover.
• Users will get unlimited cheque leaves.

Cons

• Low interest rate.
• High average quarterly balance requirements.

Diamond BOI Star Parivaar Savings Account

Application Procedure

Review of

Diamond BOI Star Parivaar Savings Account

Account Opening and Procedure of

How to open an Account?

Here's how to open a BOI Star Parivaar Savings Account with Bank of India:

1. Visit a Bank of India Branch:

• Go to the nearest Bank of India branch and inform the bank representative that you wish to open a BOI Star Parivaar Savings Account.

2. Gather Required Documents:

• Identity Proof: Passport, Aadhaar Card, PAN Card, Voter ID Card, or Driving License.
• Address Proof: Passport, Aadhaar Card, Voter ID Card, or Utility Bills.
• Photographs: Two passport-sized photographs.

3. Fill Account Opening Form:

• The bank representative will provide you with an account opening form. Fill in all the required details accurately and completely.

4. Submit Documents and Form:

• Submit the completed account opening form along with all the required documents to the bank representative.

5. Make Initial Deposit:

• You may be required to make an initial deposit to open the account. The minimum deposit amount may vary.

6. Receive Account Details:

• Once your account is opened, you will receive your account number, passbook (if applicable), and other relevant details.

Application Procedure

Diamond BOI Star Parivaar Savings Account