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Saving Bank Ordinary Account

 

Name of Scheme

Savings Bank A/c

Scheme available

At all branches

Eligible

Individual - Single Accounts, Two or more individuals in Joint Accounts , Illiterate Persons Blind persons, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI

Initial Deposit and Average Quarterly Balance (AQB) requirement

Rs.500/- for Cheque book operated and
Rs.100/- for non cheque book a/cs

 

Charges for Non-Maintaining Average Quarterly Balance

In case of Non maintenance of AQB, Penalty will be
levied as under:
SB A/cs with cheque book facility:
Penal charges: Rs.54/- +S.T. per quarter at all centres
SB A/c without cheque book facility:
Penal charges: Rs.40/- +S.T. per quarter at all centres

Incentives

  1. Internet Banking facility
  2. Unlimited ATM transactions (Only at BOI ATMs)
  3. Online Income Tax return filing facility
  4. Personalised cheque book on request
  5. Free utility bills payment facility through Epay

Product available specially
to BOI customers

BOI-National Swasthya Bima Policy
floater mediclaim policy of NICL available at low premium

Nomination facility

Available as per the prevailing banking norms