Hello TFians 🙋🏻♂️
Rupay Select Debit Card Available at "0" Issuance / Annual Fee.
100% Online Account Opening - No Branch Visit.
Since it's difficult to reply every DM regarding Option 2 & 3 and follow-up, removing them and posting Direct method only to open account & get Rupay Select yourself.
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.
(If you don't have any nearby IOB Branch or if you need my support later regarding Card Tracking or other issues etc... open with Others > Tamil Nadu > Dindigul > Narikkalpatti Branch only - You can transfer later to your nearby branch by online process (If you open with other branch I can't help later or reply to DMs regarding the same- Don't Blame me later).
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.
Since it's difficult to reply every DM regarding Option 2 & 3 and follow-up, removing them and posting Direct method only to open account & get Rupay Select yourself.
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.
(If you don't have any nearby IOB Branch or if you need my support later regarding Card Tracking or other issues etc... open with Others > Tamil Nadu > Dindigul > Narikkalpatti Branch only - You can transfer later to your nearby branch by online process (If you open with other branch I can't help later or reply to DMs regarding the same- Don't Blame me later).
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. |
Attachments
Last edited:
