Mumbai, October 9, 2023: Bank of India, one of the largest Public Sector Banks in India, has upgraded its Savings Accounts for all segments which covers salaried employees, households, individuals, youth etc.
The upgraded Savings Accounts now comes with Group Personal Accident Death Insurance Cover which goes as high as up to Rs.150 Lakhs, air accidental insurance of up to Rs.100 lakh, concessional locker facility for Gold & Diamond SB A/C holder and free for Platinum SB A/C holder, International Debit Cum ATM card with global access/ acceptance, concessional rate of interest on Retail Loan, waiver of processing charges on Retail Loans, free issuance of Credit Cards, higher usage limit up to Rs.5.00 lakh on POS & free issuance of Credit Cards with varied AQB.
MD & CEO of the Bank – Shri Rajneesh Karnatak launched upgraded Savings Accounts in Zonal Manager’s conference held on 9th Oct, 23 and conveyed to the press & media that Bank is poised to grow its Savings Customers base with these newly upgraded Savings Accounts which is now enriched with finest features, concessions & insurance cover. He further added that bank’s e-platform for on-boarding Savings Customers is doing well and this upgrade of Savings Accounts will appeal to the potential customers which in turn will increase the digital on-boarding of new customers. Bank with its healthy CASA ratio is now heading towards broad basing of customers from all strata of the society. We are sure that upgraded Savings Account which now takes a very good care of savings, convenience, protection & insurance need of our customers along with attractive features in the form of various concessions.
Bank in its continued endeavor to meet the banking & financial requirement of its customers & general public, improvement in product & process will help the bank to accelerate the pace of acquiring new Saving Account Customers. These features are offered to our existing as well as new customers which are on-boarded to the Bank from any platforms.
