Apply Bank Of India Zero Balance No Frills Saving Account Online
FEATURES:
1. Adult Individuals can open account.
2. Firms / Joint accounts not eligible
3. Simplified Know Your customer norms to be complied
4. Minimum balance Rs. 50/= in rural and semi-urban branches ; Rs. 100/= in Urban & Metro branches.
5. Free Debit Cum ATM card issued at all CBS branches.
6. Withdrawals through ATMs & branch withdrawals - max 2 per month.
7. No third party withdrawals
8. Nomination compulsory.
9. Interest @ 3.50 % p.a. on balances -Min interest earning to be Rs. 5/- half yearly.
10. Collection of cheques upto Rs. 5000/=into the account.
11. Free quarterly statement of account at Urban and Metro branches. Pass books at Rural & semi-urban branches.
12.No penalty for not maintaining Min balance.
13. No charges for closure of account.(ATM Debit card to be surrendered at Urban & Metro centres)
14. Account can be converted into normal SB account by maintaining required minimum balance.
15. Branch Managers are delegated to issue one cheque book free to literate account holders.
