Bank of India Savings Account

·         Eligible

o        Individual - Single Accounts,

o        Two or more individuals in Joint Accounts ,

o         Illiterate Persons Blind persons,

o        Minors,

o        Associations,

o        Clubs, Societies, etc.

o        Trusts, Institutions/Agencies specifically permitted by the RBI

·         Initial Deposits

o        Rs.500/- for Cheque book operated and

o        Rs.100/- for non cheque book a/cs,
For Pensioners Rs.100/- and Rs.10/-

·         Interest Rate

o        3.5% p.a applied twice in a year in Feb and August

·         Charges of non-maintaining minimum balance

o        Rs.20/- per month for not maintaining min Balance

·         Incentives

o        FOR CHEQUE OPERATED ACCOUNTS 50 CHEQUE LEAVES P.A, FREE

o        No Ledger folio/ Transaction charges 

o        Free GLOBAL DEBIT CUM ATM Card (Annual      Charges applicable from next year )with free    Star Sandesh(SMS) on debit transactions

o        Free Internet Banking facility

o        FREE FUND TRANSFER THROUGH   INTEFRNET BANKING 

o        Unlimited Internet & ATM transactions 

o        Free access to BOI ATMs under Cash Tree

o        FREE SMS AND TELEBANKING,

o        Personalised cheque book on request. at select centres

o        Free utility bills payment facility through e-pay

o        Free NEFT/RTGS through internet Banking  upto Rs5 lac

o        AT CBS branches max. cash withdrawal transaction:50000/-, upto 25000/- per day free.  Beyond Rs.25000/- charges - Rs.2/- per thousand and cash deposits. Rs.1/- per thousand for tr. Of funds from CBS to CBS

o        for Transfer of funds from CBS to CBS
Intersol Charges (Remittance between CBS Branches) Between A/cs with same Customer ID: No charges Between A/cs with different Customer ID      Upto Rs. 1.00 lac: No charges  Above Rs. 1.00 lac: Rs. 50/- flat.

·         Product available specially to BOI customers

o        BOI-National Swasthya Bima Yojana floter mediclaim policy of NICL available at low premium

o        Domestic Travel Insurance Cover at low premium of Rs.63/- p.a. available to BOI customers

Identity proof :

    * Passport
    * PAN card
    * Voter ID card
    * Driving licence
    * Government ID card
    * Photo ration card
    * Senior citizen ID card


Address proof :

    * Passport
    * Telephone bill
    * Electricity bill
    * Bank Statement with Cheque
    * Certificate/ ID card issued by Post office