BOI Star Senior Citizen Saving Bank Account basically targets the citizens who have completed the age of 57 years and Senior Citizens who are receiving pension from the bank.
Features
| Eligibility | · Individuals (singly or jointly)
· He/she should be above 57 years of age · He/She should draw pension from BOI |
| Average Quarterly Balance | The average quarterly balance is Rs 10,000 |
| Minimum Daily Balance | There is no daily minimum balance requirement however the average quarterly balance of Rs 10,000 has to be maintained. |
| Non-maintenance Charges | · A penalty of Rs 89 + service tax is charged if the average quarterly balance is not maintained for saving bank account with cheque book facility.
· A penalty of Rs 54 + service tax is levied per quarter in all centres if the avreage quarterly balance is not maintained for saving bank account without cheque book facility. |
| Cheque Book Facility | Available, free 50 cheque leaves |
| DD/PaySlip | 6 Demand Draft per quarter is free if Average Quarterly Balance in th preceding quarter is maintained at Rs 10,000. |
Get more Details about Saving Account Schemes
Bank of India Star Suraksha SB Plus Account
Bank of India Saving Account for Pensioners
