Sub-scheme Code

Gold

Diamond

Platinum

1

Eligibility

Employees Drawing Regular Salary. Regular Employees of Central Government, State Government, PSU, Government-Semi Government Corporation, MNCs, Reputed Institutions, Reputed Corporate, Reputed Educational Institutions etc.

2

Age

Age - 18 to 65 Years

3

Net Salary

(Average of last 3 months)

Between Rs. 10,000 and up to Rs. 25,000

Above Rs. 25,000 and up to Rs. 75,000

Above Rs. 75,000 and up to Rs. 1,50,000

4

Minimum Balance Requirement

Nil

Nil

Nil

5

Zero Balance Account to Family Members

Free Zero balance Family Accounts (Spouse+1 Child)

Free Zero Balance Family Accounts (Spouse+2 Children)

Free Zero Balance Family Accounts (Spouse+2 Children)

6

Internet & Mobile Banking Facility

Free

Free

Free

7

Type of ATM Card

VISA Platinum/Rupay Platinum

VISA Signature/RuPay Select

VISA Signature/RuPay Select

8

Debit Card Charges

Issue Charge

applicable charges to be collected

Free

Free

Annual Maintenance Charge

applicable charges to be collected

Free

Free

9

ATM Cash Withdrawal Limit

Rs. 50,000/- per Day

Rs. 1,00,000/- per Day in VISA Signature/Rs. 50,000/- in Rupay Select

Rs. 1,00,000/- per Day in VISA Signature/Rs. 50,000/- in Rupay Select

10

POS Limit

Rs. 2,00,000/- per Day in VISA Platinum/Rs. 1,25,000/- in Rupay Platinum

Rs. 3,50,000/- per Day - VISA Signature/Rs. 5,00,000/- per Day Rupay Select

Rs. 3,50,000/- per Day- VISA Signature/Rs. 5,00,000/- per Day Rupay Select

11

Ecom Limit

Rs. 2,00,000/- per Day in VISA Platinum/Rs. 1,25,000/- in Rupay Platinum

Rs. 3,50,000/- per Day

Rs. 3,50,000/- per Day

12

Free ATM Card Access at Own ATM

10 Free Transactions per month

10 Free Transactions per month

10 Free Transactions per month

13

Free ATM Card Access at Other ATM

3 Transactions (Financial + Non-Financial) per Month at Metro or 5 Transactions (Financial + Non-Financial) per Month at Other Centres.

10 Free Transactions per month

14

Lounge Access:

Domestic/International Airport

Lounge Access is Subject to Card Network. As per the Present Scenario, Rupay (Platinum/Select) Provides 2 Lounge Access per Quarter While VISA (Platinum/Signature) Provides 1 Lounge Access per Quarter.

15

FREE

Personal Accident Insurance*

With Account

Rs. 20 Lakhs (Death+PPD & TPD)

Rs. 30 Lakhs (Death+PPD & TPD)

Rs. 40 Lakhs (Death+PPD & TPD)

With Debit Card

Rs. 2 Lakhs by NPCI for RuPay Platinum

Rs. 10 Lakhs by NPCI for RuPay Select Card

Rs. 10 Lakhs by NPCI for RuPay Select Card

As per the Terms & Conditions of NPCI, at Present Debit Card will be Eligible for Rupay Insurance Program Only if it is Being Used in POS/Ecom Transaction Once in 30 Days.

15a

Free Hospital Cash (Mediclaim)

Available for all three schemes

(SB-Gold, SB-Diamond, SB-Platinum)

16

Fund Transfer Through NEFT

applicable charges to be collected

Free

Free

17

Fund Transfer Through RTGS

applicable charges to be collected

Free

Free

18

Fund Transfer Through IMPS

applicable charges to be collected

Free

Free

19

SMS Charges

applicable charges to be collected

Free

Free

20

Temporary Overdraft Facility in Case of Emergency, One Salary Credit is Mandatorily, Maximum 2 Occasions in A Calendar Year.

1 Month Net Salary up to -

Rs. 50,000/-

2 Months Net Salary up to -

Rs. 1 Lakh

3 Months Net Salary up to -

Rs. 2 Lakh

21

Credit Card Subject to Bureau Score, Income Norms and Other Eligibility Criteria

Issuance Free Annual Maintenance Charges (AMC) -25% Waiver

Issuance Free Annual Maintenance Charges (AMC) - 50% Waiver

Free issuance & Annual Maintenance Charge

22

Personalized Cheque Book

40 Leaves Free Per Year

60 Leaves Free Per Year

100 Leaves Free Per Year

23

Demand Drafts

Two DDs Free Per Month to The Extent of Preceding Quarter Average Balance Available in the Account

Free Unlimited to the Extent of Preceding Quarter Average Balance Available in the Account

Free Unlimited to the Extent of Preceding Quarter Average Balance Available in the Account

24

Locker Operations

Unlimited Free

Unlimited Free

Unlimited Free

25

Concession on Locker Rent

10% Waiver

15% Waiver

25% Waiver

26

Processing Fee for Home Loan of Rs. 25 Lacs and Above

100% Concession

100% Concession

100% Concession

27

Processing Fee for Home Loan below Rs. 25 Lacs

50% Concession

75% Concession

100% Concession

28

Processing Fee for Eligible Retail Loan (Other than Home Loan) Schemes

50% Concession

75% Concession

100% Concession

29

Rate of Interest on Home Loan

No concessions on Rate of Interest

No concessions on Rate of Interest

0.05% P.A. Concession in Applicable ROI

30

Rate of Interest on Vehicle Loan

No concessions on Rate of Interest

No concessions on Rate of Interest

0.10% P.A. Concession in Applicable ROI

31

Rate of Interest on Education Loan More than Rs. 7.5 Lacs for Study Abroad

No concessions on Rate of Interest

No concessions on Rate of Interest

0.10% P.A. Concession in Applicable ROI

32

Rate of Interest on Mortgage Loan

No concessions on Rate of Interest

No concessions on Rate of Interest

0.10% P.A. Concession in Applicable ROI

33

Rate of Interest on Personal Loan

No concessions on Rate of Interest

No concessions on Rate of Interest

0.10% P.A. Concession in Applicable ROI

34

Joint A/c Facility with Spouse

Yes

Yes

Yes

35

Instant Credit of Outstation Cheques

Rs. 15,000/-

Rs. 25,000/-

Rs. 30,000/-

36

Stop Payment Instruction Charges

Free

Free

Free

37

Account Statement through E-Mail/E-Statement (Monthly)

Free

Free

Free

38

Standing Instructions

Free

Free

Free

39

Utility Bill Payment, Online Tax Payment

Free

Free

Free

40

Portability

Portability From One Sub Scheme to Another under IOB Salary Accounts Scheme Shall be Allowed After One Year of Account Opening Only.

Portability From One Sub Scheme to Another under IOB Salary Accounts Scheme Shall be Allowed After One Year of Account Opening Only.

Portability From One Sub Scheme to Another under IOB Salary Accounts Scheme Shall be Allowed After One Year of Account Opening Only.

41

Salary Mandate

Salary Mandate From the Employer for the Credit of Salary to the IOB Salary Accounts is Required

42

In Case of Retirement/Switch Over the Account to Other Organisation/Non-credit of Salary Consecutively 3 Months

• In the event of Retirement, switch to another organisation, or non-credit of salary for two consecutive months, the account shall be migrated to a Regular SB Public Account.
• The customer will then be required to maintain the minimum balance applicable to SB Public Account.
• All free facilities and concessions extended under the Salary Scheme will be withdrawn.
• The branch shall take appropriate recovery measures, wherever considered necessary..

Benefits with Rupay Select Debit Card

43

Gym

Nil

15 Days/1 Month Free Gym Membership. 40-50% Discounted Price on Extension of Membership.

44

GOLF

Nil

1 Complimentary Golf Lesson / Round in a Year. Discounted Access From 2nd Visits Onwards.

45

SPA Services

Nil

1 Complimentary SPA Session in a Year. 40-50% Discount on Additional Sessions Throughout the Year.

46

Health Check Up

Nil

1 Complimentary Premium Health Check-up Package in a Year. Discounted Health Check-up Facility Post Utilization of Complimentary Offer.

47

Exclusive Merchant Offers

Nil

Exclusive Offers From Selected Partner Merchants