You will be getting so much more than just a savings account when you opt for the Suraksha Plus Savings Account. Not only will you be getting all the benefits of being able to access your money at your convenience but this savings account comes with the benefit of an Insurance cover as well. Life Cover and Accidental Death Cover is provided at a nominal cost.
| Bank | IDBI Bank |
| Category | Suraksha Plus Savings Account |
| Minimum Balance Requirements (MAB) | Minimum Monthly Average Balance for this category of Savings Account is Rs. 5000 in Metro & Urban, Rs. 2500 in Semi Urban and Rs. 500 in Rural areas. |
| Interest Rate | According to the RBI mandate, the daily balance maintained in your account will be used to calculate the Savings Bank interest. The rate of interest may be decided by the Bank and may change from time to time. The existing rate however is 4.00% p.a. |
| Debit Card Offered | International Debit cum ATM Card |
Services Offered With Suraksha Plus Savings Account
| Passbook | Passbook is provided at no extra cost. |
| SMS Alerts | Yes |
| Demand drafts and Pay order | Yes |
| Internet Banking | Yes. Customers can choose to pay bills and tax online |
| Cash Withdrawal | Faster transfer of funds |
Features of Suraksha Plus Savings Account
| Free Fund Transfer | Free fund transfer within IDBI Bank accounts |
| Insurance for deposits | No separate documentation for Insurance cover. No Medical Test required for Insurance cover. |
| Renewing cover | Automatic renewal of cover every year |
| Life Insurance Cover | Life Insurance Cover starting at Rs. 413 |
| Accidental Insurance Cover | Accidental Insurance Cover starting at Rs. 100 |
| Added benefits | § All benefits of Super Savings Account |
| Discontinuing the insurance | No charges/penalty for discontinuation of Insurance |
| Locker Facility | At a nominal charge, customers can get a safe deposit locker. The charges for locker can be found on the official website. |
| Nomination Facility | No separate Nomination required for insurance |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
