Product Details
Bank Name
Indian Bank
Account Name
IND Corp SB – Elite
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
Annual Maintenance Fees
Minimum Account Balance
No minimum opening Balance required
Debit Card Charges
NEFT Charges
SB customers are waived from charges of NEFT online transactions
IMPS Charges
Fees and Charges
IND Corp SB – Elite
Special Features
Eligibility Criteria
Employees in the age group 18 – 60 years with at least 6 month of confirmed service and whose salaries are credited/going to be credited in Bank’s accounts are eligible to avail the benefits.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free Personal Accident Insurance coverage as available under RuPay Platinum Debit card provided by NPCI.
Free Personal Accidental Death Insurance cover of Rs. 30.00 lakhs (Rs. Thirty Lakhs only).
Free Accidental Permanent Total Disability cover of Rs. 30.00 lakhs (Rs. Thirty Lakhs only).
Free Accidental Permanent Partial Disability cover of Rs. 15.00 lakhs (Rs. Fifteen Lakhs only).
Free Air Accident Death Insurance cover of Rs. 50.00 lakhs
Cons
IND Corp SB – Elite
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of 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