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.