All Teaching and Non-Teaching staff of school/colleges/universities and all such educational institutes are eligible to open account under the scheme provided a minimum 10 employees and each employee having minimum take home salary of Rs. 5000/- p.m. and above can join the scheme.

Opening of Account/ Minimum Daily Balance


No minimum Balance requirement / Zero Balance Account

Charges for excess debit entries in Savings Bank account ATM / INTERNET transactions not to be counted / reckon


Up to 10 Customer induced debit entries a month :FREE

Personalized Cheque books per calendar year


50 Leaves (Free)

Issuance of DD/Pay slips


Free 24 DD/PSI of max. Rs. 50,000 each in a calendar year

NEFT/RTGS through NetBanking to BOI customers



Concession on Loans


0.25% concession in ROI on Home Loan and Auto Loan subject to min Base rate

Processing Charges


50% concession in processing charges on Home Loan, Auto loan & Personal Loan.