Savings Account

BSB (Small Savings Scheme)

• Account designed for those who are unable to provide full KYC documents.

Salary Savings Account

• A special SB facility designed to suit the banking needs of salaried customers.

SB SMART

Product features

• Average monthly balance to be maintained shall be Rs 5000/.
• Free 40 cheque leaves during the calendar year.
• Annual maintenance fee for the Rupay Classic ATM card shall be waived.
• Waiver of SMS charges.
• Charges for non-maintenance of minimum balance will be Rs 50/- per month.

SB MAHILA

Eligibility Criteria

• Salaried Women at PSU/PRIVATE/GOVT and Self-Employed Women Entrepreneurs.
• Average monthly balance of Rs 5000/- should be maintained.
• KYC Norms shall be complied with as per the extant guidelines.
• In addition to the above, a self-attested copy of the id card issued by the employer for salaried class and for self employed Women Entrepreneurs a self-declaration as per Annexure 1 to this Circular.

Features

• No SMS charges.
• Waiver of DD charges - One per month.
• No Annual maintenance fee for Classic Rupay ATM card.
• 25% annual locker rent waiver with unlimited locker operation for freshly opened locker on or after 01.03.2025.
• Free Monthly pass book, email statement.
• 100 free cheque leaves in a year.
• Concession of 50% on processing and documentation charges for Housing loan products and Consumption loans provided the loan account is opened singly or jointly.
• Monthly NEFT/RTGS waiver of 2 nos.
• Concessional rate (reduction of 0.05% from the applicable ROI) in Housing loan schemes with loan amounts of above Rs 10 lakhs.

Add on Facility for salaried Class

• Auto Sweep facility as per the written request from customer can be enabled for the account with a minimum cut off amount of Rs 5000/- and in multiples of Rs 100/- thereafter.
• Overdraft facility is equal to or less than 50% of the last 3 months average net salary or 50% of previous month net salary whichever is less subjected to a maximum of Rs.25000/-. The availing of OD will be the option of the customer and OD will be charged at applicable clean rates.

KGB SALARY ELITE

Eligibility

KGB Salary Elite is available to:

• Employees of various State Government Departments.
• Employees of various Central Government Departments.
• Employees of various Government-Aided Institutions*.

* Employees who receive their salaries directly from the Government, excluding those whose salaries are routed through Boards, Corporations etc.

Features of KGB Salary Elite (CBS Code SBSEL)

A. Personal Accident Cover
• Complimentary Personal Accident Insurance Cover of ₹15 lakh.
• Insurance cover shall become active after completion of 30 days from account opening/date of migration to the scheme.
B. Exclusive Loan Benefits Housing Loan
• 100% waiver of processing charges.
• Concession of 0.10% in Rate of Interest.
Vehicle Loan
• 100% waiver of processing charges.
• Vehicle Loan up to ₹20 lakh without collateral.
• 0.10% reduction in Rate of Interest.
Personal Loan/Salary Overdraft Facility
• Collateral-free and Guarantee-free Personal Loan/Salary Overdraft.
• Loan/OD up to 12 times the monthly gross salary.
• Maximum limit: ₹5 lakh.
• 0.10% reduction in Rate of Interest.
• Available after maintaining salary account with regular salary credits for a minimum period of three months.
• Subject to eligibility and Bank norms.
• Both personal loan and OD facility can be availed by the Customer maximum up to 12 times the monthly gross salary or ₹5 lakhs, whichever is lower.
C. Locker Benefits* & Auto Sweep Facility
• 50% concession in locker rent subject to a maximum benefit of ₹750 per annum excluding GST.
• Unlimited locker operations.
• Auto Sweep facility available on customer request.
  • Minimum sweep amount: ₹10,000.
  • Thereafter in multiples of ₹100.
  *subject to locker availability.
D. Banking Privileges
• No minimum balance requirement.
• Free Premium RuPay Debit Card with zero AMC. (either Platinum/Select Card based on availability).
• Free cheque leaves.
• Free e-mail monthly statements with mobile banking & internet banking facilities.
• Free Missed Call Alert facility.
• Unlimited ATM transactions in KGB and networked ATMs including CANARA Bank.
• 100% waiver of RTGS, NEFT, IMPS and SMS alert charges.
• Waiver of extra withdrawal charges.
• Waiver of intersol remittance and withdrawal charges.
• Enhanced intersol withdrawal facility up to ₹1 lakh per day through self-cheque.
• Free Demand Draft facility up to 5 occasions per month with amount limit equivalent to the previous month's average balance.