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Rupay Select Debit Card Available at "0" Issuance / Annual Fee.
100% Online Account Opening - No Branch Visit.
Note: Always refer bank website for updated and exact charges details
(Following details won't be updated)
Indian Overseas Bank SB-HNI Account (Features) :
Rupay Select DC: No Issuance / Annual Fee
Initial funding: 50000*
AMB: 50000
Card replacement: 350 + GST*
*Card will be processed after Initial funding.
*Card replacement can be requested through Mobile Banking.
Account Opening Procedure:
1) Visit VKYC Page
2) In Branch Selection choose your nearby branch.
3) Select scheme as SB-HNI only.
4) Rupay Select is shown under Debit Card options, select the same.
5) VKYC verification will be done and account will be opened in 2-3 days.
6) Add Initial funding of 50000 and your card will be Auto-Generated and sent to your Registered address by bank.
Rupay Select Debit Card Available at "0" Issuance / Annual Fee.
100% Online Account Opening - No Branch Visit.
Note: Always refer bank website for updated and exact charges details
(Following details won't be updated)
Indian Overseas Bank SB-HNI Account (Features) :
Rupay Select DC: No Issuance / Annual Fee
Initial funding: 50000*
AMB: 50000
Card replacement: 350 + GST*
*Card will be processed after Initial funding.
*Card replacement can be requested through Mobile Banking.
Account Opening Procedure:
1) Visit VKYC Page
2) In Branch Selection choose your nearby branch.
3) Select scheme as SB-HNI only.
4) Rupay Select is shown under Debit Card options, select the same.
5) VKYC verification will be done and account will be opened in 2-3 days.
6) Add Initial funding of 50000 and your card will be Auto-Generated and sent to your Registered address by bank.
| Feature | Description | ||
|---|---|---|---|
| Eligibility | Accounts can be opened by all those who are eligible to open savings bank accounts. | ||
| Quarterly Average Balance (QAB) | Rs 50,000/- for all | ||
| Non-Maintenance of QAB per quarter | Flat Rs. 300/ per quarter | ||
| Internet & Mobile Banking Facility | Free | ||
| Type of Debit card | VISA Gold/ Rupay Platinum/ VISA Signature/ Rupay Select | ||
| Debit Card Issuance Charges | Free | ||
| Debit Card Annual Maintenance Charge | Free | ||
| ATM Cash Withdrawal Limit | Rs 40,000/- in VISA Gold / Rs 50,000/ in Rupay Platinum and Select/ Rs 1 Lac in VISA Signature | ||
| ATM POS Limit | Rs 1.25 Lac in VISA Gold and Rupay Platinum/Rs 3.5 Lac VISA Signature Rs 5 Lac Rupay Select | ||
| Ecom Limit | Rs 1.25 Lac in VISA Gold and Rupay Platinum/Rs 3.5 Lac in VISA Signature/ Rupay Select | ||
| ATM Access at own ATM | Unlimited FREE | ||
| ATM Access at other Bank ATM | Unlimited FREE | ||
| Lounge access: Domestic /International Airport | Lounge access is subject to card network. As per the present scenario, Rupay (Platinum/Select) provides 2 lounge access per quarter while VISA(Platinum/Signature) provides 1 lounge access per quarter | ||
| FREE Personal Accident Insurance -With account | Rs 5 Lakhs (Death + PPD & TPD) | ||
| FREE Personal Accident Insurance -With Debit Card | Rs 10 Lakhs by NPCI for RuPay Select Card | ||
| As per the terms & conditions of NPCI, at present Debit Card will be eligible for Rupay Insurance Program only if it is being used in POS/Ecom transaction once in 30 days | |||
| Type of Credit card | Vissa Classic/ Rupay Platinum/ Rupay Select/ VISA Gold | ||
| Credit Card limit subject to Bureau score, income norms and other eligibility criteria | Issuance Free Annual Maintenance Charges (AMC) -50% waiver. | ||
| NEFT | Free both online & offline | ||
| RTGS Facility | Free both online & offline | ||
| IMPS | Free | ||
| Demand Draft | Free | ||
| SWEEP OUT FACILITY (flexi Facility) | Available, if the balance exceeding Rs 1,25,000 will swept out and kept in TD | ||
| Core Deposit /Threshold Deposit | Rs 1,25,000/- | ||
| Sweep Out amount | Rs 10,000/- | ||
| Sweep out periodicity (From SB to FD account) | upto 179 days | ||
| Concession in Processing charges on retail loans | Up to 50% concession | ||
| Personalized Free Cheque Books (per annum) | FREE up to 100 leaves a year. | ||
| SMS Charges | Free | ||
| Concession on locker Rent | 15 % waiver | ||
| Locker Operations | Free | ||
| Processing fee for home loan of Rs 25 lacs and above | 100% concession | ||
| Processing fee for home loan below Rs 25 lacs | 50% concession | ||
| Rate of Interest on Home loan | 0.05% p.a. concession in applicable ROI | ||
| Rate of Interest on Vehicle loan | 0.05% p.a. concession in applicable ROI | ||
| Rate of Interest on Education loan more than Rs 7.5 lacs for study abroad / premier institution | 0.05% p.a. concession in applicable ROI | ||
| Rate of Interest on Personal loan | 0.10% p.a. concession in applicable ROI | ||
| Instant Credit of outstation cheques | Rs 25,000/- | ||
| Standing Instructions | Free | ||
| Utility Bill Payment, online Tax payment | Free | ||
| Stop Payment Instruction Charges | Free | ||
| Account Statement through e-mail/e-Statement (Monthly) | Free | ||
Benefits with Repay Select Debit Card | |||
Gym | Nil | 15 days/1month free gym membership. 40-50% discounted price on extension of membership. | |
GOLF | Nil | 1 Complimentary Golf Lesson / round in a year. Discounted access from 2nd visits onwards. | |
SPA services | Nil | 1 Complimentary SPA session in a year. 40-50% discount on additional sessions throughout the year. | |
Health Check Up | Nil | 1 Complimentary premium health check-up package in a year. Discounted Health Check-up facility post utilization of complimentary offer. | |
Concierge Services | Nil | Personal assistance anytime anywhere 24x7 is available in Hindi and English languages. | |
Exclusive merchant offers | Nil | Exclusive offers from selected partner merchants. |
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