Rajbank Saving Bank Privilege Account - Salient Features
The Bank has introduced a new Savings Bank Deposit product. W.e.f. 16.04.2007 under the name “Rajbank Saving Bank Privilege Account” .
The basic features of the new product are outlined below:
The new SB accounts should be opened with a minimum of Rs.25,000/- & a minimum Quarterly Average Balance (QAB) of Rs.25, 000/- will have to be maintained in the account and a penalty of Rs.300/- + service tax per quarter. will be charged for non maintenance of the prescribed Minimum Average Balance. The account holders of this scheme will enjoy the following privileges.
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Free Demat account (Till the account continues)
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Free ABB facility
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Free Cheque book
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Free Credit Card
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Free ATM cum debit Card
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Free Internet Banking facility
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Free Sweep in/sweep out facility
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Free DD/Pay order upto Rs.25000/- in a month through Transfer mode .
All other charges as applicable will be recovered.
Auto sweep will be allowed on balance of over Rs.25,000/- only in case of linked FFD account.
