IDBI Bank Suraksha Plus Savings Account

What is IDBI Bank Suraksha Plus Savings Account?

IDBI Bank Suraksha Plus Savings Account is a savings account that offers built-in life and accidental death insurance coverage. It also includes features like free fund transfers, internet banking, and an international debit card.

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Overview of IDBI Suraksha Plus Savings Account

You will be getting so much more than just a savings account when you opt for the IDBI 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 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 IDBI Bank 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.

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