IB HARIT
IB HARIT
| 1. Name of the Product | IB Harit Current Account | |||
| 2.Target Customers | Individual or group of individuals engaged in Agri business, Traders of pesticides / Seeds / Fertilizer, Marketing Societies, Arhatiyas etc. | |||
| 3. Account type | Current Account | |||
| 4.Minimum Average Balance | Quarterly Average Balance: Rs. 10,000/- | |||
| 5.Charges for Non –maintenance of Minimum Balance | Penal Charges non maintenance of QAB is applicable as per normal charges. | |||
| 6.Maximum Balance | No limit. | |||
| 7. Special Features/ Concessions will be applicable based on maintenance of stipulated QAB in the last quarter. | ||||
| QR Code /POS | Free QR Code Sound Box
Free POS (Soft POS) (QR Sound Box to be provided on maintenance of minimum QAB subject to minimum Monthly transactions through the QR Code of Rs. 0.75 Lakh. If Minimum QAB not maintained and if monthly transactions through QR Code sound box is below 0.75 Lakh, branch to collect one-time charges paid by Bank for QR Sound box from the account holder) |
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| Cash Handling Charges | Home Branch: No cash handling charges up to Rs 60 Lakh per quarter (Branch/BNA)
At non home Branch, cash handling charges free up to Rs.50000/- per day. |
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| Cheque Book Charges | Annual 50 Cheque leaves free | |||
| RTGS/NEFT/IMPS Charges
(Digital Channel) |
Quarterly 300 Transactions
(100 each RTGS, NEFT & IMPS transactions) |
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| RTGS/NEFT Charges
(Branch Channel) |
Normal card rate applicable. | |||
| Account Keeping Charges/Ledger/Folio Charges | No Account keeping charges for transaction done through digital channel.
(Internet/Mobile Banking/IMPS/POS/QR code transactions etc. should be excluded for calculating ledger folio charges) (For transactions other than digital channel card rate applicable) |
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| GPA | Free GPA insurance coverage of Rs. 12.00 lakh. *
(Rs. 10 Lakh + 2 Lakh on Rupay ATM/Debit Card to eligible a/c holder) *GPA Coverage – for account in the name of individual and Sole Proprietorship concern only in the age group of 18 to 60 years – (In case of joint account – 1st person only will be covered) Free GPA shall be offered to first 10000 customers on first come first serve basis, which may be on review of the performance, extended to the next lot at sole discretion of the Bank. The insurance coverage shall be applicable for 1 year only, subsequent renewal, extension of the policy on sole discretion of the Bank. GPA insurance coverage shall be extended to eligible account holder based on maintenance of QAB and after coverage, if sufficient QAB is not maintained in following quarter, charges for GPA shall be recovered from the Account Holder. (*GPA insurance coverage under Rupay platinum debit card shall be provided to eligible account holder and same shall be subject to terms & conditions of NPCI issued from time to time) |
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| Credit Card | Eligible for Credit Card on Monthly turnover of Rs. 10 lakh and above in the account.
(As per extant guidelines of Bank) |
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| CC Limit | Eligible for CC Limit on easy terms and conditions after 6 months of satisfactory operations in the account.
(CC limit as per extant guidelines of the Bank) |
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| ATM Card | Individual and Sole Proprietorship concern only | |||
| Free Lounge Benefit | Quarterly 2 *
*(On ATM/Debit Card) |
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| Doorstep Banking | Doorstep Banking as per extant guidelines of the Bank | |||
| REWARDS (ATM/Debit/Credit Card) |
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| INVESTMENT AVENUES |
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| 8. Mode of operation | As per mandate | |||
| 9.Internet Banking/ Ind Pay App/OASIS App/ ATM Card | All digital products e.g., mobile banking, POS, QR Code, internet banking facilities to be offered. | |||
| 10. Standing Instruction | Free Standing Instruction may be accepted | |||
| 11. Nomination Facility | Only for Individual/Sole Proprietorship | |||
| 12. Other Features
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Free collection of Local Cheques | |||
| Free fund Transfer within Indian Bank | ||||
| Balance Certificate: Free. | ||||
| Signature verification: Free. | ||||
| Demand Draft applicable as per normal charges, | ||||
| Zero Balance salary accounts for Employees of the business unit as per product type. | ||||
| Optional Credit Card can be allowed backed by Fixed Deposit (80% of the Fixed Deposit) | ||||
| 13. Terms & conditions | Bank holds the right to withdraw the facility in full or in part at its discretion at any time in future.
Apart from applicable KYC documents, customer to submit Agri business related documents like valid registration under guidelines relating to APMC of the concerned state, trade license, GST bill, any other valid documents to prove doing the Agri business etc. All the other Terms and conditions as per Normal Current Account. |
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( Last modified on Feb 21, 2025 at 02:02:31 PM )
