All permanent employees of Defense Forces i.e. Indian Army, Indian Air Force, Indian Navy and Coast Guards.

Ex-servicemen and New Recruits (under training) are also eligible & covered in this Scheme.

Minimum Balance Requirement

  • NIL
  • (This is a Zero Balance Account)

Group Personal Accidental Death Insurance Cover (Group Insurance Policy taken at HO and premium is borne by H.O. centrally)

  • Group Personal Accident Death Insurance Cover of Rs 30 Lakh*
  • Permanent Total Disability(as defined vide Insurance Policy) Cover of Rs. 30 lakhs*
  • Permanent Partial Disability (as defined vide Insurance Policy) Cover of Rs 15 lakhs.*
  • Air Accidental Insurance of Rs. 1 Cr*
  • *Condition:
    Maximum Insurance Cover available is either 10 times Gross annual income of account holder or any of the above mentioned applicable Insurance Coverages, whichever is less.

Free Platinum Debit Cum ATM Card

  • Free Platinum Card with daily cash withdrawal limit of Rs.50,000/- and POS limit of Rs. 1 Lakh.
  • Nil Annual Renewal Charges
  • Free Add on Card

Coverage of Ex-servicemen Personnel


Ex-servicemen are also eligible

Internet Banking



Star Sandesh



RTGS/NEFT payment



(Free Facility of RTGS/NEFT payment was earlier available through internet Banking only)

Mobile Banking



Cheque Leaves


All Cheque Leaves free to all Categories

(All cheques are payable at all our branches in clearing)- Our cheques serves the purpose of Multi city cheques with no extra cost to the customers)

Concession in charges of lockers for self & immediate family member

  • 30% concession
  • (Subject to availability of Locker at the Branch)
  • (Family includes spouse & dependent children)

Easy Over draft (on application) to be approved by the Manager. Loan plus TOD should not exceed the limit of Rs 1 lac and Rs 2 lac as mentioned in each category. The amount cap for TOD will also include the amount mentioned under cheque bounce facility.

Commissioned Officers

  • 4 times of net salary
  • Maximum Rs.2 Lac
  • All other Conditions – as per Personal Loan Scheme

Non-Commissioned Officers

  • 3 times of net salary Maximum Rs 1 Lac
  • All other Conditions – as per Personal Loan Scheme

Pass Book/Statement (Monthly)


Any one of them Available

Interest Concession & Waiver of Processing Charges on Retail Loans*

  • 0.50 % less than usual rate in Retail Loan* subject to min Base Rate
  • 100% Waiver of Processing Charges in Retail Loan*
  • *Retail Loans- Home Loan, Vehicle Loans and Personal Loans

Star Share Trade (3 in 1 account) Demat, SB, Online share Trading


Annual Maintenance Charges waived (during first FY)

Demand Drafts/Pay orders

  • Free - Demand Draft/Pay Orders at Par
  • (amount up to Rs.50,000/- per draft through salary account for genuine purpose)

Transactions at Non-home branches

Cash Deposit at Other SOL


Free of charge


Cash withdrawal at other SOL Max limit Rs 50,000/-

Free of Charge

Cheque bounce protection for clearing cheques

Commissioned Officers


Rs.50000/- (Max.)


Non-Commissioned Officers

Rs.25000/- (Max.)

Credit Card (No Annual Maintenance Charges)

Commissioned Officers


International Gold Credit Card


Non-Commissioned Officers

India Card

Cheque Collection Charges


Free Cheque Collection up to Rs.25,000/- per month

SUD Life Group Term Insurance Cover


SUD Life Group Term Insurance Cover at very attractive rate. The salient features are

  • Wider entry age up to 65th birthday.
  • Choice of Sum assured up to 5 lakhs
  • Hassle free process with just a one pager enrollment form
  • No medicals required
  • Competitive premium rates


  • Scheme for financing House/Flats constructed by Army Welfare Organization (AWHO), Air force, Naval Housing Board (ANHB) and Para Military Forces.
  • There is 100% Waiver on processing charges in Home Loan under this scheme.
  • In case of Death of Borrower on account of war/external aggression/terrorist attack, outstanding Loan amount (subject to Maximum of Rs. 50 Lakhs or to the extent of drawing limit, whichever is lower) to be written off

Online Income Tax return Facility


Available at Discounted rate under Tie-up arrangement. It can be filed from BOI Website

Other Incentives

  • Unlimited Internet & Bank’s own ATM Transactions
  • Mobile banking through BOI BTM
  • Free Missed call alert facility
  • Free Utility Bills Payment Facility Through E-Pay

Life Time Unique Account Number



Nomination facility


Available as per the prevailing banking norms