Product Details
Bank Name
Bank of India
Account Name
Savings Bank Account General
Account Type
Saving
Interest Rate
Upto ₹ 1.00 lakhs -2.75 and above ₹ 1.00 lakhs - 2.90
Free Debit Card
Rupay NCMC
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average quarterly balance of Rs 500
Debit Card Charges
0
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Savings Bank Account General
Special Features
No special feature.
Eligibility Criteria
All resident individuals (singly or jointly), Two or more individuals Joint Accounts, Hindu Undivided Families (HUF)
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Internet Banking/Mobile banking facility is available.
Free physical debit card for the first year.
Cons
Low interest rate.
Very few features.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Here's how to open a Savings Bank Account General with Bank of India:
1. Visit a Bank of India Branch:
Go to the nearest Bank of India branch during their business hours.
2. Obtain an Account Opening Form:
Request an account opening form from the bank representative.
You might also be able to download the form from the Bank of India website.
3. Fill out the Form:
Complete the account opening form accurately and legibly.
Provide all the required information, such as your name, address, contact details, and occupation.
4. Gather Necessary Documents:
Proof of Identity (any one):PAN Card (Mandatory)
Aadhaar Card (Mandatory)
Passport
Voter ID card
Driving License
Proof of Address (any one):Aadhaar Card
Passport
Voter ID card
Utility bills (electricity, water, gas)
Photographs: Two passport-sized photographs
5. Submit the Form and Documents:
Submit the completed form and all the required documents to the bank representative.
6. Make an Initial Deposit:
You may be required to make an initial deposit to open the account. The minimum deposit amount may vary.
7. Receive Account Details:
Once your account is opened, you will receive your account number, passbook, and other relevant details.