Product Details
Bank Name
Indian Bank
Account Name
IB Kishore
Account Type
Savings
Interest Rate
Up to Rs.10 lakh - 2.75%. More than Rs.10 lakh to less than Rs.200 Cr - 2.80%. Rs. 200 Cr and above - 2.90%
Free Debit Card
Yes. RuPay Classic ATM Card only with 1st year AMC free.
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Account Opening Fees
Debit Card Charges
Waived for the first year
Annual Maintenance Fees
NEFT Charges
SB customers are waived from charges of NEFT online transactions
Minimum Account Balance
NIL
IMPS Charges
Fees and Charges of
IB Kishore
IB Kishore
Special Features
A provision will be made for conversion to GenX Saving Account on attainment of 18 years of age on submission of upto date KYC documents
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
IB Kishore
Pros & Cons of
Pros
Would be provided with maximum transaction limit of Rs.10,000/- per day, Rs.10000/- with 3 withdrawals free in Metro ATMs & 5 withdrawals if in Non-Metro including non-financial transactions.
A provision will be made for conversion to GenX Saving Account on attainment of 18 years of age on submission of upto date KYC documents
Cons
IB Kishore
IB Kishore
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