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Savings Bank Account General
Bank of India has always prioritized your financial well-being while offering exceptional banking solutions. Our SB General account is a simplified savings account that offers a hassle-free banking experience with every transaction.
A Savings Account for everyone
Make a smart choice by choosing simplified banking that gives exactly what you need from a savings account and then some more.
With user-friendly online and mobile banking platforms, banking becomes a breeze. Perform transactions, transfer funds, and access your account details anytime, anywhere. Our digital banking services are designed to provide you with a seamless and secure banking experience, giving you complete control over your finances. You can now open your savings account at the convenience of your home through our digital platform also.
Open the doors to a comprehensive banking experience with the Savings Bank Account from Bank of India. Join us today and unlock the benefits of a savings bank account that simplifies banking and embraces digital convenience. Start saving more and experience the difference of banking with Bank of India
Eligibility
- All resident individuals (singly or jointly), Two or more individuals Joint Accounts, Hindu Undivided Families (HUF)
- Minimum Balance Requirement - No Daily Minimum balance requirements
Features
- Zero Charges on Non-Maintenance of Minimum Balance
Savings Bank Account General
| Features | Savings Bank Account General | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category of Account | Normal | Classic | Gold | Diamond | Platinum | |||||||||
| Average Quarterly Balance (AQB) | Below Rs. 10,000 | Rs. 10,000 & above | Rs 1 Lakh & above | Rs 5 Lakh & above | Rs 10 Lakh & above | |||||||||
| Minimum Balance | Presently NO Minimum Balance Charges | |||||||||||||
| Passbook | First Issuance Free | Issuance Free | ||||||||||||
| Free Cheque Leaves | First 25 Leaves | 25 Leaves p.a. | 25 Leaves per quarter | 50 Leaves per quarter | Unlimited | |||||||||
| Passbook Issuance | First Issuance Free | Issuance Free | ||||||||||||
| SMS Alerts | Chargeable | Free | ||||||||||||
| WhatsApp Alerts | Chargeable | Free | ||||||||||||
| Locker Rent Concession* | NA | 10% | 50% | 100% | ||||||||||
| * Note: The Bank reserves the right to recover locker rent upon any downgrade in account category. | ||||||||||||||
| ATM / Debit / Credit Card | ||||||||||||||
| ATM/ Debit Cards | Rupay NCMC | Visa Classic | Rupay Platinum | Rupay Select | Visa Signature | |||||||||
| ATM/ Debit Card Issuance charges | First Issuance 100% Waiver | |||||||||||||
| *Note: Waiver is applicable only to the first issuance and to a single card. Rupay NCMC Card is available as a free choice across all variants. | ||||||||||||||
| ATM/ Debit Card AMC (Subject to Qualify Average Yearly Balance Criteria) | AYB Rs. 50,000/- & ABOVE - 100% Waiver | AYB Rs. 50,000/- & ABOVE - 100% Waiver | AYB Rs. 1,00,000/- & ABOVE - 100% Waiver | AYB Rs. 2,00,000/- & ABOVE - 100% Waiver | AYB Rs. 5,00,000/- & ABOVE - 100% Waiver | |||||||||
| Free Transaction at BOI ATM per month | 10* | |||||||||||||
| Free Transaction at other bank ATM per month | 5* | |||||||||||||
| *Note: At the time of issuance/replacement/renewal of AMC, charges will be applied based on the prevailing account categorization. | ||||||||||||||
| Group Personal Accident Insurance Cover | ||||||||||||||
| Accident Death insurance Cover (Base Cover) | NIL | > 1 Lakh to < 10 Lakh* | > 10 Lakh to < 50 Lakh* | > 50 Lakh to < 1 Cr* | > 1 Cr to ≤ 2 Cr* | |||||||||
| Air Accidental Insurance Cover | NIL | Upto Rs. 2 Crore* | ||||||||||||
| *Note: The Bank currently offers FREE ACCIDENT INSURANCE COVERAGE up to ₹200 lakh or 10 times the AQB maintained, whichever is lower, under this scheme. The cover is subject to the insurer’s prevailing policy terms and conditions and governed by IRDAI guidelines. The Bank reserves the right to modify, convert it into a paid service, or terminate the offer at any time, with updates published on the Bank’s website or communicated otherwise. | ||||||||||||||
- *Subject to availability of the lockers. The proposed concessions will be available only for the locker type A and B for the first year.
Terms and Conditions apply
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