S.No |
Parameters/Benefits |
Oriental Salute Salary Account |
. |
Basic Eligibility criteria |
Serving Permanent Employees of Indian Armed Forces and Para military Forces |
1 |
Min/Avg. Balance Requirements |
Nil |
2 |
Online NEFT |
As applicable |
3 |
Insurance |
Free Accidental Death or Permanent Disability Insurance cover of ₹ 10.00 lacs to be provided to all account holders, initially for first year.
Second year onwards, insurance to be renewed subject to following conditions:
1. Average quarterly balance in Savings Account not to fall below ₹ 25000/- in any of the quarter otherwise insurance premium to be recovered from customer.
2. No loan/OD, availed from our Bank, is classified as NPA.
Saving Account is not Dormant. |
4 |
ATM card type
Issuance charges
Annual fee charges |
Rupay Platinum /VISA Gold
Free
First year Charges : Nil Second year onwards the AMC charges shall be waived only if annual transactions on PoS /e-Commerce exceeds ₹ 60,000/- otherwise normal AMC charges as per the card variant type shall be applicable. |
5 |
Net Banking |
As applicable |
6 |
Mobile banking |
As applicable |
7 |
SMS and Mail alerts |
Free |
8 |
Overdraft facility |
Overdraft facility with extended limit upto 3 times of gross salary (as per pay slip) or 5 times Net Salary credited in account (Avg of last 3 months to be taken) whichever is lower. Available for tenure of 12 months at (MCLR+2.5%)* Max overdraft amount shall be limited to ₹ 300000/-*(Conditions apply)
Eligibility: Permanent Employee /Minimum one year of continuous service .Net take home salary should not be less than 40% after calculating the interest accrued. |
9 |
Process Fee in Retail Loans |
0.50% plus applicable taxes in Personal Loan.NIL processing fee on Housing and Vehicle Loan. |
10 |
Demat Annual Maintenance Charges |
NIL |