Central Govt employees Salary Account Package
| Salary Product Features | Group-C
(Gross Salary < Rs.70,000) |
Group-B
(Gross Salary Rs.70,000 to Rs.1,20,000) |
Group-A
(Gross Salary > Rs. 1,20,000) |
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| Insurance | Cover for Account Holder Only | Personal Accident Death Insurance (Free of cost) |
₹ 75.00 Lakhs | ₹ 120.00 Lakh | ₹ 150.00 Lakh |
| Air Accident Death Insurance (Free of cost) |
₹ 75.00 Lakhs | ₹ 120.00 Lakh | ₹ 150.00 Lakh | ||
| Permanent Total Disability (Free of cost) |
₹ 75.00 Lakhs | ₹ 120.00 Lakh | ₹ 150.00 Lakh | ||
| Permanent Partial Disability (Free of cost) |
₹ 37.50 Lakhs | ₹ 60.00 Lakh | ₹ 75.00 Lakh | ||
| ADD on Covers- Girls Child Education/ Marriage, Air/ Ambulance charges, etc. (Free of cost) |
– |
· Girl Child Marriage
(18 to 25 years) – ₹ 10.00 Lakh · Child Higher Education (18 to 25 years) – ₹ 10.00 Lakh · Air Ambulance Chg – Upto Rs. 10 lakh or actual cost whichever is lower. · Repatriation of Mortal remains – upto Rs. 5 Lakh or actual cost whichever is lower. |
· Girl Child Marriage
(18 to 25 years) – ₹ 15.00 Lakh · Child Higher Education (18 to 25 years) – ₹ 15.00 Lakh · Air Ambulance Chg – Upto Rs. 10 lakh or actual cost whichever is lower. · Repatriation of Mortal remains – upto Rs. 5 Lakh or actual cost whichever is lower. |
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| Term Life Insurance Cover (Free of cost) |
₹ 5.00 Lakh | ₹ 10.00 Lakh | ₹ 10.00 Lakh | ||
| Term Life Insurance- Add on Cover (Cost to be borne by A/c holder) |
Optional Top-Up Cover (excluding Police/ Defence/ Paramilitary)- Cost to be borne by A/c holder – maximum coverage of ₹ 1 Cr @ Rs 335* per Lakh / per annum for age band 18 – 60 years
*conditions apply |
Optional Top-Up Cover (excluding Police/ Defence/ Paramilitary)- Cost to be borne by A/c holder – maximum coverage of ₹ 1 Cr @ Rs 335* per Lakh / per annum for age band 18 – 60 years
*conditions apply |
Optional Top-Up Cover (excluding Police/ Defence/ Paramilitary)- Cost to be borne by A/c holder – maximum coverage of ₹ 1 Cr @ Rs 335* per Lakh / per annum for age band 18 – 60 years
*conditions apply |
||
| Wellness Program/ Benefits / Annual Health Check-up |
Free Health Care Consultation facility for A/c holder & 4 family members will be provided through a Digital Health Care Platform. | Free Health Care Consultation facility for A/c holder & 4 family members will be provided through a Digital Health Care Platform. | Free Health Care Consultation facility for A/c holder & 4 family members will be provided through a Digital Health Care Platform. | ||
| Health/ Medical Insurance Cover | ₹ 2.00 Lakh (Self) | ₹ 2.00 Lakh (Self) | ₹ 2.00 Lakh (Self) | ||
| Top-Up Health/ Medical Insurance Cover
|
Optional Top-Up Cover Rs. 30.00 Lakhs with Rs. 3.00 Lakh deductible- Cost to be borne by A/c holder
1A – ₹ 999 2A – ₹ 1599 2A1C – ₹ 2079 2A2C – ₹ 2499 (conditions apply) |
Optional Top-Up Cover Rs. 30.00 Lakhs with Rs. 3.00 Lakh deductible- Cost to be borne by A/c holder
1A – ₹ 999 2A – ₹ 1599 2A1C – ₹ 2079 2A2C – ₹ 2499 (conditions apply) |
Optional Top-Up Cover Rs. 30.00 Lakhs with Rs. 3.00 Lakh deductible- Cost to be borne by A/c holder
1A – ₹ 999 2A – ₹ 1599 2A1C – ₹ 2079 2A2C – ₹ 2499 (conditions apply) |
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| Banking | Minimum Balance | NIL | NIL | NIL | |
| Instant Overdraft Facility | OD, up to 1 month salary. | Upto ₹ 3.00 Lakh | Upto ₹ 5.00 Lakh | ||
| Sweep In -Out facility | Threshold limit Rs. 50000/- In multiple Rs. 10,000/-, at the request of the customer | Threshold limit Rs. 50000/- In multiple Rs. 10,000/-, at the request of the customer | Threshold limit Rs. 50000/- In multiple Rs. 10,000/-, at the request of the customer | ||
| IMPS/ RTGS/ UPI/ SMS Charges | NIL | NIL | NIL | ||
| Free Demand Draft | Yes | Yes | Yes | ||
| Free Cheque Facility | Yes | Yes | Yes | ||
| Concession in Locker Charges | 100% concession on locker charges on 1st year, 10% from 2nd year onward- applicable exclusively to Small and Medium-sized lockers | 100% concession on locker charges on 1st year, 15% from 2nd year onward -applicable exclusively to Small and Medium-sized lockers | 100% concession on locker charges on 1st year, 25% from 2nd year onward-applicable exclusively to Small and Medium-sized lockers | ||
| Concession in Processing & Documentation charges on Housing/ Car/ Education / Personal / other Retail loan |
100% |
100% |
100% |
||
| Concession in Rate of Interest on Housing/ Car/ Education / Personal/ other Retail loan | · Home Loan: 0.10 % ROI Concession*
· Vehicle Loan: Card Rate · Personal Loan: 0.10 % ROI Concession* · Education Loan: 0.10 % ROI Concession. * *Subject to floor rate. *condition apply |
· Home Loan: 0.10 % ROI Concession*
· Vehicle Loan: Card Rate · Personal Loan: 0.10 % ROI Concession* · Education Loan: 0.10 % ROI Concession* *Subject to floor rate. *condition apply |
· Home Loan: 0.10 % ROI Concession*
· Vehicle Loan: Card Rate · Personal Loan: 0.10 % ROI Concession* · Education Loan: 0.10 % ROI Concession* *Subject to floor rate. *condition apply |
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| Concession in Demat AMC | Not Applicable | Not Applicable | Not Applicable | ||
| Family Banking Benefits | Zero Balance Savings Account for the Spouse & Minor Children of the A/c Holder. | Zero Balance Savings Account for the Spouse & Minor Children of the A/c Holder. | Zero Balance Savings Account for the Spouse & Minor Children of the A/c Holder. | ||
| Cards & O
ffers |
Debit Card Variant | Rupay Select Debit Card | Rupay Select Debit Card | Rupay Select Debit Card | |
| Debit Card – Issuance / Annual Maintenance Charges | NIL | NIL | NIL | ||
| No. of Free ATM TXN (in a month) | ATM Transactions in Our Bank’s ATM – Unlimited free
ATM transactions in Other Bank’s ATMs : Free 5 Per Month in Non Metro Centre, 3 Per Month in Metro Centre |
ATM Transactions in Our Bank’s ATM – Unlimited free
ATM transactions in Other Bank’s ATMs : Free 5 Per Month in Non Metro Centre, 3 Per Month in Metro Centre |
ATM Transactions in Our Bank’s ATM – Unlimited free
ATM transactions in Other Bank’s ATMs : Free 5 Per Month in Non Metro Centre, 3 Per Month in Metro Centre |
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| Airport Lounge Access on Debit Card {Domestic} | DOM Lounge access 1 per quarter | DOM Lounge access 1 per quarter | DOM Lounge access 1 per quarter | ||
| Airport Lounge Access on Debit Card {International} | INT Lounge 2/year
|
INT Lounge 2/year
|
INT Lounge 2/year
|
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| Other Benefits on ATM
|
As per NPCI guidelines
Personal Accidental Insurance cover(Accidental Death or Permanent Total Disability) of upto Rs. 10.00 Lakhs Health check-up 4/year OTT (12 months Amazon Prime or Hotstar or Sonyliv) SPA/Saloon services 4/year Golf Club 4/year Gym access 30 days 4/year – Concierge services (Personal Assistance Anytime, Anywhere. 24/7 assistance is available in Hindi, English, Marathi, Gujarati, Punjabi and 4 south Indian languages on the toll free number- 1800-26-78729) |
As per NPCI guidelines
Personal Accidental Insurance cover(Accidental Death or Permanent Total Disability) of upto Rs. 10.00 Lakhs Health check-up 4/year OTT (12 months Amazon Prime or Hotstar or Sonyliv) SPA/Saloon services 4/year Golf Club 4/year Gym access 30 days 4/year – Concierge services (Personal Assistance Anytime, Anywhere. 24/7 assistance is available in Hindi, English, Marathi, Gujarati, Punjabi and 4 south Indian languages on the toll free number- 1800-26-78729) |
As per NPCI guidelines
Personal Accidental Insurance cover(Accidental Death or Permanent Total Disability) of upto Rs. 10.00 Lakhs Health check-up 4/year OTT (12 months Amazon Prime or Hotstar or Sonyliv) SPA/Saloon services 4/year Golf Club 4/year Gym access 30 days 4/year – Concierge services (Personal Assistance Anytime, Anywhere. 24/7 assistance is available in Hindi, English, Marathi, Gujarati, Punjabi and 4 south Indian languages on the toll free number- 1800-26-78729) |
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| Credit Card Variant | RUPAY PLATINUM | RUPAY SELECT | RUPAY SELECT | ||
| Credit Card- Issuance / Annual Maintenance Charges | Issuance Charges – NIL
AMC Charges – Rs. 250.00 |
Issuance Charges – NIL
AMC Charges – Rs. 250.00 |
Issuance Charges – NIL
AMC Charges – Rs. 250.00 |
||
| Airport Lounge Access on Credit Card {Domestic} | Twice Per Quarter | Twice Per Quarter | Twice Per Quarter | ||
| Airport Lounge Access on Credit Card {International} | Twice a Year | Twice a Year | Twice a Year | ||
| Features & Other Benefit on Credit Card | As per NPCI guidelines. | ||||
Terms & Conditions for availing insurance benefits:
- The insurance coverage shall be initiated after 2 months of continuous salary credit in the newly opened/converted accounts, as the lead time for the Bank to onboard insurance partner is two months.
- The entry age for Insurance benefits for the employees is between 18 years to 59 years 11 months and insurance coverage shall be upto 60 years.
- Bank’s role for various value-added services shall be that of administrator only, including but not limited to insurance benefits GPA/GTLI/GHI. The decision of admission into the insurance scheme and the liabilities of the claim settlement would rest with Insurer. Bank will be only paying the insurance premium. Claim settlement related issues associated with complimentary insurances to be directly taken up with the insurance company.
- It shall be the responsibility of the employee to notify that his/her salary is being credited to the Indian Bank Account in respect of existing / new account holders of the Bank and ensure that his/her account is duly covered with insurance and other benefits.
- The declaration form to avail various value-added services from the Bank shall be submitted by the employees as per Bank’s format along with employment category viz., 1. Police/ Defence/ Paramilitary personnel, 2. Hazardous Sector like mining, firemen etc., 3. Driver/conductor in Road Transport Corporation, 4. Civilian (Other than 1,2,3) for providing appropriate insurance benefits.
- It will be the responsibility of employer to inform the Bank, eligible employees (Group wise-A/B/C) to be covered under insurance benefits on monthly basis along with their salary details. Further, the employer has to inform the Bank about employee’s superannuation/ resignation/ termination of service/ suspension so as to enable to remove the employee from the list of beneficiaries under insurance schemes.
- The insurance coverage and other benefits will be deactivated if salary is not credited in the account for more than 3 months continuously. Subsequent coverage will be available if salary gets credited again on regular basis.
- Salary account may be opened in jointly with the spouse of the employee concerned. The first name in the Salary account must be that of the employee. No other name should be added in the account. GPA, GTLI & GHI Coverage shall be provided to employee only i.e. First Account Holder.
- For Air Accidental Insurance cover, the Airlines tickets are to be booked through the Salary Account of our Bank.
