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Product Details
Bank Name

Indian Bank

Account Name

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

SB Platinum
Account Opening Fees

Annual Maintenance Fees

Minimum Account Balance

For Individuals:
· A Minimum average Balance of Rs. 25,000/- (total products of 7,50,000 per month i.e. 30 days X Rs.25,000/-) and a threshold minimum of Rs.50,000- for transferring to Term Deposit. (i.e. Sweep would be effected only when the balance exceeds Rs.50,000/-)

For Non-individuals:

· Threshold limit/Minimum Amount: Rs. 10,00,000/- . Sweep shall take place after the cut off level of Rs. 10,00,000/-.

Debit Card Charges

Rupay Platinum Card with AMC free for individuals

NEFT Charges

SB customers are waived from charges of NEFT online transactions

IMPS Charges

Fees and Charges
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SB Platinum

Special Features
Eligibility Criteria
High Networth Individuals (HNIs), high income earning Gen- X and Corporate executives and Non Individual – Institutions and Corporates. This facility will be provided to Firms, Companies, Trusts, Institutions etc. who are eligible to maintain SB Accounts
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
AUTO SWEEP FEATURES For individuals: Sweep Amount & Reverse Sweep · In multiple amounts of Rs.10,000/- over and above the cut off limit of Rs.50,000/- on Sundays or at the option of the customer. · Reverse Sweep will be on “Last in First out” (LIFO) basis. For Non-individuals: Sweep Amount & Reverse Sweep · In multiple amounts of Rs.100,000/- over and above the cut off limit. Reverse Sweep will be on “Last in First out” (LIFO)basis.
Cons
Very low interest rate
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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