bob Women Sapphire Savings Account

Please Note:

• Upon maintaining the requisite monthly average balance, the benefits associated with Practo and Insurance shall become applicable and effective from the subsequent month.
• The monthly average balance maintained in the account for the preceding month is a critical requirement to facilitate processing and settlement of insurance claims.
• Detection of Cancer prior to Account Opening will not be covered. Further, Cancer Coverage and Practo Benefits will start post maintenance of MAB of Rs. 1 Lac.
• The Cancer care will only be available for 60years of age, post which the customer can have their account in the scheme but the cancer coverage will not be available.

• Gender: Women
• Age: 18 years and above

*On completion of 60years, Cancer care coverage will NOT be passed on to the customer.

For Interest Rates & Charges please “Click Here”

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Important Term and Conditions

All the benefits are available such as Online Doctor Consultations, Insurance,Free Issuance of Premium Debit Card, Locker Discounts, DSBS Services are available for 1st Name Account holder only. The second holder can only operate the account. Any services such as Debit Card, Locker, DSBS etc. availed by additional Account holders will be chargeable as per Service Charges Schedule of Bank. The 3rd party services like Online Doctor Consultations and Insurance will only be available to the customers post maintaining the required MAB and the explicit consent submitted. In case the MAB is not maintained, these services will not be made available, and no claim will be made in case of insurance. The Bank will not be responsible or liable for any third party services, any claim, dispute, compensation, loss, or damage arising from or related to any dispute arising between customer and the third-party service provider. Only -1- Discount /Waiver / Concession is to be provided from -2- or more Discount /Waiver / Concession if any running at that time, however higher of all may be provided to the Account Holders. Discount on Processing Charges to be offered only on New Sanctions (only on -1- Loan Account) in the name of 1st Account holder only and not to applicable for existing Loans. FFD facility will be provided on request basis only for Account open as well as Account conversion. By default, FFD will be No in the Account. In case, Customer request for FFD, Branch to add the same in the CBS in HACM Menu under Flexi Tab. At the time of the Scheme transfer out from Women Sapphire Sb Scheme, FFD facility will be cancelled from the Account irrespective of Target Scheme have FFD or not. In case of Death of 1st Holder, Account Scheme to be changed to Eligible category of SB scheme based on the Surviving Members eligibility with required notices as per Bank’s process. Features will be available only till the Account remains in the Women Sapphire Savings Bank scheme code. In case of Closure or Scheme Code Conversion to other Schemes, all the Features, Discount, Waiver and Concessions will be withdrawn from the date of closure or transfer out. Property Mortgage Charges and other Out of Pocket Charges in Retail Loans as per Bank’s latest Schedule of Service Charges are to be borne by the Women Sapphire/Vishesh Samman Savings Bank Account Holders. No Concessions are provided in these charges under this scheme. Only -1- concession / offer / discount is to be provided from -2- or more concession / offers / discounts if any running at that time, however Higher of all may be provided to the Account Holders.

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Withdrawal(s) & use of Withdrawal Form (Slip)

• Withdrawals will be allowed either by withdrawal forms or by cheques. Payment against withdrawal form along with passbook is allowed for self only with per day limit of Rs. 25000/- (Minimum Rs. 25/- in Rural/SU and Rs. 50/- in Metro/Urban).

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Transfer of Account/ Scheme

• Upon submission of application along with pass book and unused cheque leaves the account can be transferred to another branch/ scheme free of charge.

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Interest Calculation and Frequency

• Interest for the period February to April will be credited in May, Interest for May to July will be credited in August, interest for August to October will be credited in November and interest for November to January will be credited in February every year.

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Dormant/ Inoperative Account

• Account becomes inoperative/dormant if there are no customer induced transactions in Savings account for over a period of two years. Interest is continued to be applied in all such Savings Bank accounts. No charges are levied for in-operation of accounts.
• Activation/Closure of Dormant/Inoperative accounts will be done after submission of necessary KYC documents, photo, fresh specimen signature, subject to satisfaction of the Bank.
• All Accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits and will be transferred to RBI. Upon receipt of the request from the customer such deposits will be returned subject to conditions.

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Nomination Facility

• Nomination facility available.

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Rules for Transfer/ inter-sol transfer/clearing transactions and charges

• Transfer Transaction at base branch Allowed freely without any limit.
• Transfer Transaction at Non-base branch (local as well as outstation) normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.

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Disclosure of Information

• The Bank may disclose information about customer’s account, if required and permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder(s).
• All relevant policies including code of commitments to customers and grievance redressal policy are available at the branches.
• MITCs OF ATM/DEBIT Card, Mobile Banking, Net-Banking in Application Forms are available separately.
• The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website.
• Deposits along with interest kept in different branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto Rs 5,00,000( Rs 5 lakh).