What is Indian Bank SB Silver?
Indian Bank SB Silver is a savings bank account designed for individuals who are self-employed, professionals, or business people. It comes with benefits like personal accident insurance and free demand drafts.
SB Silver is a Savings Bank Account that can be availed by individuals alone or jointly with others. Young individuals who are self-employed, have regular employment or are professionals or business people may apply for this account.
Bank | Indian Bank |
Category | SB Silver |
Minimum Average Balance Requirements (MAB) | Rs. 5000- (monthly average). |
The following services are provided with Indian Bank Savings Account:
Accident Insurance cover | The account comes with Personal Accident Insurance cover worth Rs. 1 Lakh (IB CHHATRA). This insurance cover is offered free of charge. |
DDs | Per year, customer will be issued a maximum of 2 DDs totaling Rs. 5000-, free of cost. |
Maximum amount | There is no upper limit |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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