All Teaching and Non-Teaching staff of school/colleges/universities and all such educational institutes are eligible to open account under the scheme provided a minimum 10 employees and each employee having minimum take home salary of Rs. 5000/- p.m. and above can join the scheme.
Opening of Account/ Minimum Daily Balance
No minimum Balance requirement / Zero Balance Account
Charges for excess debit entries in Savings Bank account ATM / INTERNET transactions not to be counted / reckon
Up to 10 Customer induced debit entries a month :FREE
Personalized Cheque books per calendar year
50 Leaves (Free)
Issuance of DD/Pay slips
Free 24 DD/PSI of max. Rs. 50,000 each in a calendar year
NEFT/RTGS through NetBanking to BOI customers
Concession on Loans
0.25% concession in ROI on Home Loan and Auto Loan subject to min Base rate
50% concession in processing charges on Home Loan, Auto loan & Personal Loan.