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Home >> Deposit Schemes >> Oriental Salute Salary Account
Oriental Salute Salary Account

 

ORIENTAL SALUTE SALARY ACCOUNT

S.No

Parameters

Salute Salary account

1

Eligibility

Serving Permanent Employees of Indian Armed Forces and Para military Forces

2

Min/Avg. Balance Requirements

Nil

3

Insurance

Free Accidental Death or Permanent Disability Insurance cover of Rs 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 Rs 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

Online NEFT

Free

5

                 ATM card

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 Rs. 60,000/- otherwise normal AMC charges as per the card variant type shall be applicable.

6

Net Banking

Free

7

Mobile banking

Free

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 Rs. 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 For Retail Loans

Complete waiver

11

Demat Annual Maintenance Charges

NIL

   

 

*** Terms & Conditions apply