Product Details
Bank Name
Bank of India
Account Name
BOI Star Parivaar Savings Account
Account Type
Saving
Interest Rate
Upto ₹ 1.00 lakhs -2.75 and above ₹ 1.00 lakhs - 2.90
Free Debit Card
Rupay Select
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Total Average Quarterly Balance (AQB) in all accounts (Linked under single Family Group ID): ₹ 2 Lakh
Debit Card Charges
0
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
BOI Star Parivaar Savings Account
Special Features
A minimum of 2 and a maximum of 6 accounts can be linked under a single family group ID.
Individual personal accident insurance cover based on their savings account AQB maintained would be available.
10% concession would be given on Locker rent.
Eligibility Criteria
Members of one Family will be grouped under a common group UNIQUE GROUP ID with a minimum of 2 and a maximum of 6 members of the family. The family members may include Spouse, Son, Daughter, Father, Grandfather, Father-in-law, Grandmother, Mother, Mother-in-law, Daughter-in-law, Son-in-law, Brother, Sister, Grand Son & Grand Daughter. The family members should be from the same family unit (maternal or paternal clan)
All accounts must be UCIC and KYC compliant. Non-KYC Compliant/Dormant/Frozen/Inoperative /NPA/Joint /Staff/Institutional /BSBD accounts cannot be linked under the BOI Star Parivaar Savings account.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
A free Rupay Select debit card is provided with the account.
10% concession would be given on Locker rent.
Cons
Low interest rate.
High Total Average Quarterly Balance (AQB) requirements.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Here's how to open a BOI Star Parivaar Savings Account with Bank of India:
1. Visit a Bank of India Branch:
Go to the nearest Bank of India branch and inform the bank representative that you wish to open a BOI Star Parivaar Savings Account.
2. Gather Required Documents:
Identity Proof: Passport, Aadhaar Card, PAN Card, Voter ID Card, or Driving License.
Address Proof: Passport, Aadhaar Card, Voter ID Card, or Utility Bills.
Photographs: Two passport-sized photographs.
3. Fill Account Opening Form:
The bank representative will provide you with an account opening form. Fill in all the required details accurately and completely.
4. Submit Documents and Form:
Submit the completed account opening form along with all the required documents to the bank representative.
5. Make Initial Deposit:
You may be required to make an initial deposit to open the account. The minimum deposit amount may vary.
6. Receive Account Details:
Once your account is opened, you will receive your account number, passbook (if applicable), and other relevant details.