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Product Details

Bank Name

Indian Bank

Account Name

IB DIGI – Online SB Account

Account Type

Savings

Interest Rate

Up to Rs.10 lakh - 2.75%. Above. More than Rs.10 lakh to less than Rs.200 Cr - 2.80%

Free Debit Card

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IB DIGI – Online SB Account
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Account Opening Fees

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Debit Card Charges

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Annual Maintenance Fees

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NEFT Charges

SB customers are waived from charges of NEFT online transactions

Minimum Account Balance

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IMPS Charges

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Fees and Charges of

IB DIGI – Online SB Account

IB DIGI – Online SB Account

Special Features

Eligibility Criteria

The facility will be made available for “Resident Individual” customer only over 18 years of age. · NRE/NRO/FCNR accounts cannot be opened with this facility. · No joint account, non-personal, Minor a/c etc. will be permitted under this mode. · To use this facility, the mobile handset should be any Smart phone with Android Operating system and also through website. · Customer must be having a valid Aadhaar number and valid Permanent Account Number. Customer must be having a valid and active local mobile number registered in his/her name, and a valid and active email address. · At any given point of time, Customer can have only one on line (DIGI)Savings Account. Only one Savings Account can be opened from one Mobile Phone/Device/Website.

Benefits

Features, Eligibility and Benefits of

IB DIGI – Online SB Account

Pros & Cons of

Pros

  • SB customers are waived from charges of NEFT online transactions 

Cons

Very low interest rate

IB DIGI – Online SB Account

IB DIGI – Online SB Account

The account comes with low interest rate and offers minimal 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

Review of

IB DIGI – Online SB Account

Account Opening and Procedure of

How to open an Account?

Application Procedure

IB DIGI – Online SB Account

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