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Product Details
Bank Name
Indian Bank
Account Name
IB Salaam
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
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Account Opening Fees
NIL
Annual Maintenance Fees
Minimum Account Balance
NIL
Debit Card Charges
NEFT Charges
SB customers are waived from charges of NEFT online transactions
IMPS Charges
Fees and Charges
IB Salaam
Special Features
Free Demat Account for first year
Eligibility Criteria
Personnel-Public Defence service
Resident Individual.
Minimum 18 years of age.
Serving permanent employee of all defence personnel(Army, Navy, Air force) including BSF, CRPF, CISF, ITBP, Indian Coast Guard and Para Military Personnel.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Cons
Very low interest rate
IB Salaam
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
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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