CSB Bank

Savings Account:  

The CSB bank offers multiple savings account products that cater to different segments of society. Some of the savings account products offered by the CSB bank are as listed below: 

1. CSB Platinum Savings Account: The platinum savings account offered by the CSB bank allows the user unlimited free access to any bank’s ATM across India and free RTGS/NEFT transfer online. 

1. CSB Gold Savings Account: The gold savings account offered by the CSB bank comes with several benefits like free RTGS/NEFT transfer online, unlimited free access to any bank’s ATM across India and 30% discount on locker rents. 

1. CSB Corporate Suvidha Scheme: This is basically a zero-balance salary account structured for corporates. This account comes with multiple features like ATM-cum-Debit card, discounted annual locker rent, free mobile/internet banking facility, etc. 

1. CSB Student Support Savings Account: This account is specifically designed for students aged 12 years and above, and has no minimum balance requirement. Other than that, this is a zero-charge account and offers a free debit card facility. 

1. CSB SPARK Suvidha Savings Account: This account is specially designed for Kerala Government employees and has no minimum balance requirement. Other features of this savings account include a multi-city payable cheque book, complimentary accident insurance cover for group, platinum debit card, overdraft facility, etc. 

Deposits:  

Some of the deposit products offered by the CSB bank are as listed below: 

1. Fixed Deposits: The minimum amount required to open a fixed deposit is Rs.100 and are allowed for a period of seven days up to 10 years. These deposits come with nomination facility and the interest is paid on quarterly basis. 

1. Acharya Deposits: This category of deposits is designed for senior citizens and allows the customers to avail additional interest rate benefits. The minimum deposit amount required to invest in this type of scheme is Rs.5,000 for a period of six months. 

1. CSB Tax Saving Support: This scheme is ideal for those who are looking forward to avail tax benefits on deposits. According to the Finance Act 2006, depositors under this scheme are eligible for tax deduction under Section 80 C. The minimum deposit amount required to invest in this type of scheme is Rs.1,50,000 for a period of six months. 

Loans: 

Some of the loan products offered by the CSB bank are as follows: 

1. Akshaya Gold Loan: This scheme offered by the CSB bank allows the borrower to access pre-approved credit line against gold jewellery. The borrower can withdraw money easily through bank’s ATM and can also transfer funds digitally. 

1. Agricultural Loans: This scheme offered by the CSB bank allows the borrower to fulfill financial needs for agricultural requirements. The tenure of this loan depends on the agricultural activity undertaken and the type of crop cultivated. Moreover, the borrower gets the flexible repayment options. 

1. Commuter Two-wheeler Loan: This loan scheme offered by the CSB bank offers up to 95% funding option while buying a two-wheeler. The amount of loan offered is up to Rs.2 lakh for a period extending up to 48 months. Moreover, women borrowers can avail benefits of special rate of interest.  

1. Super Bike Loan: This loan scheme offered by the CSB bank offers up to 85% financing option while buying a two-wheeler. The amount of loan offered is up to Rs.6 lakh. 

1. MSME – Small Business Loan: This type of loan offered by the CSB bank is for to meet the financial requirements of small businesses. The loan amount offered is up to Rs.50 lakhs and the tenure is flexible starting from 12 months. For loan amount up to Rs.25 lakh, no balance sheet or ITR is required. 

Insurance: 

Some of the insurance products offered by the CSB bank are as follows: 

1. Edelweiss Tokio Life: The CSB bank has collaborated with Edelweiss to provide life insurance up to 100 years of age with 200% of sum assured as death benefit after 40th year of age. The policy holder has to pay premiums for initial 20 years and later gets pay outs 21st year onwards till 40th year.  

1. ICICI Lombard GIC: The CSB bank has collaborated with ICICI Lombard to provide range of general insurance to its customers. This category of insurance provides protection against unforeseen events like natural calamities, accidents, illness, etc. 

1. Adity Birla Health Insurance Co. Limited: The CSB bank has collaborated with Aditya Birla to provide health insurance to its customers. This scheme allows the policy holder to earn 50% ‘No claim bonus’ annually for each claim free year up to 100% of sum assured. 

Investments: 

Some of the investment products offered by the CSB bank are as follows: 

1. e-Trade: The CSB bank has partnered with IIFL securities to provide its customers with 3-in-1 account, that is savings account, demat account and trading account. The account can be opened for zero charges and first year AMC is free.  

1. Sovereign Gold Bond: The Sovereign Gold Bonds offered by the CSB bank allow the customers to make gold investments in multiples of 1 gram. These bonds are available both in demat as well as paper form. 

Other Value-Added Services: 

Some of the value-added services offered by the CSB bank are as follows: 

1. Electricity Bill Payment: The CSB bank allows its customers to make electricity bill payments using net banking or debit card. 

1. Doorstep Banking Services: The CSB bank allows its customers to avail doorstep banking services like pick up cheques/ cash, delivery of cash, etc. 

1. Aadhaar Enrollment Centres: Few of the CSB bank branches are authorised Aadhaar enrollment centres and allow the customers to update their details on Aadhaar card.