|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|
|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.
|5||ATM card type
Annual fee charges
|Rupay Platinum /VISA Gold
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.
|8||SMS and Mail alerts||Free|
|9||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.
|10||Process Fee in Retail Loans||Complete waiver|
|11||Demat Annual Maintenance Charges||NIL|