Mahabank Purple Savings Account
Sl No | USP | Specially designed SB product for Ultra High Net worth Individuals (UHNIs) |
---|---|---|
1 | Who can open account | Resident individuals (sole or joint account) subject to fulfilling eligibility criteria (domestic depositors) of Reserve Bank of India, on compliance of “Know Your Customer(KYC) Guidelines |
2 | Initial Amount of Deposit | Account can be opened with zero balance. |
3 | Minimum Balance | Minimum Monthly Average Balance (MAB) - Rs. 3,00,000/- |
4 | Personal Assistance | Special assistance of Relationship Manager- |
5 | Personal Air Accident Death Insurance Cover | Rs. 50,00,000/- Free of Cost |
6 | Personal Accidental Death Insurance (PAI) Cover | Rs. 10,00,000/- Free of Cost |
7 | Cheque book facilities | 200 free Personalized Cheque leaves per annum |
8 | Rupay debit card | Free specially designed personalized ATM-cum-Debit card (No maintenance charges). |
9 | No. of Transactions at ATM | Free ATM Card while opening of Account (no maintenancFree unlimited Debit Card transactions at ATM of any Bank. |
10 | Loss / Fraud Protection on Debit Card | 30 days protection against loss / theft of cards upto Rs.1.00 lacs. |
11 | Higher Transaction Limit on Debit Card (per day) | Rs. 1,00,000 at ATMs Rs. 1,00,000 at Point of Sale (POS) |
12 | Internet Banking | Free Internet Banking Facility |
13 | NEFT/ RTGS | Free unlimited NEFT/RTGS remittances |
14 | Demand Draft | Unlimited free Demand Draft. |
15 | Tax payment through ATM & Internet Banking | Free |
16 | Demat Account | AMC Free for 1 st year and 50% of AMC waived from Year 2 |
17 | Other Service Charges | 50% concession in processing fee of retail loans. |