IDBI Jubilee Plus Account is specially crafted to meet the banking requirements of senior citizens. This savings account combines the benefit of easy banking facilities with a host of other special privileges. Senior citizens will immensely benefit from features like auto sweep in / sweep out, discount on locker charges and free money transfer facility.
|Category||IDBI Jubilee Plus Account for Senior Citizens|
|Minimum Balance Requirements (MAB)||Zero Balance Savings Account|
|Initial Deposit Requirements||Nil|
|Interest Rate||4% per annum on daily balance basis|
|Debit Card Offered||Issued on the basis of the option selected while opening the account.|
Services Offered with IDBI Jubilee Plus Account for Senior Citizens
The following services comes with IDBI Jubilee Plus Account for Senior Citizens.
|Passbook and e-Statements||Passbook is provided at no extra cost. For e-Statements, a nominal fee of Rs.5 is charged for daily and weekly frequencies. Quarterly e-Statements are free.|
|SMS Alerts||Offered at no extra cost|
|Cheque Book||60 cheque leaves free for the first year and for every subsequent years, 50 cheque leaves will be offered at no extra cost.|
|Internet Banking||Offered at no extra cost|
|Cash Withdrawals at other bank ATMs||10 transactions free per month|
Features of IDBI Jubilee Plus Account for Senior Citizens
IDBI Jubilee Plus Account comes with the following benefits that will delight the account holder.
|Free Statements||Quarterly e-Statements will be sent to the account holder’s registered e-mail address at no extra cost.|
|Discount on Locker Charges||Account holders will be offered 25% discount on locker charges.|
|Sweep In / Sweep Out Options||For account balance exceeding Rs. 15,000, Sweep In / Sweep Out options are offered for Fixed Deposits.|
|Online Payment Options||Account holders can pay their utility bills and taxes online using IDBI Net Banking without any hassles.|
|Free Cash Transfer Facility||Customers can use their Net Banking account to perform a NEFT transaction at no extra cost.|
|Banking Convenience||Free phone banking and internet banking facilities.|
|Higher ATM Withdrawal Limits||With the ATM Debit Card offered with this account, IDBI Jubilee Plus customers get an enhanced cash withdrawal limit of Rs. 50,000 per day.|
|Free Account||Account holders will be offered the facility to open one free zero balance sponsor account.|
Fees and Charges for IDBI Jubilee Plus Account for Senior Citizens
The fees and charges pertaining to various services offered with IDBI Jubilee Plus Account for Senior Citizens are as given below.
|Service / Product||Fees & Charges|
|Duplicate Passbook||Rs. 100|
|Annual Fee for Debit cum ATM Card||Rs. 220 from second year onwards|
|Transactions at other bank ATMs||10 transactions free per month and thereafter, Rs. 20 and Rs. 8 will be charged for financial and non financial transactions respectively.|
|Interest Certificate||Once in a year, offered for ITR purpose - Free of cost and Rs. 100 for additional interest certificate for other purposes|
|Point of Sale Limit||Rs. 50,000 per day|
|Demand Draft Charges||Rs. 3 per Rs.1000 and part thereof|
|NEFT through Net Banking||Free|
|NEFT through Branch Channel||From Rs. 5 to Rs. 25 depending on the amount to be transferred. For funds up to Rs. 10, 000, no charges will be levied for NEFT transaction.|
|Account Closure Charges||
Within 14 days - Nil
Over 14 days to up to 1 year - Rs. 100
Beyond 1 year - Nil
|Online VISA Card Remittance Charges||Rs. 5 per transaction including service tax|
|Any branch cheque deposits||Free|
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.