Current Account Product ‘SIB Fiza’ for Resident Individual Customers
SIB FIZA is a current account, as defined under RBI guidelines.
“Your Needs our Priority” – Go ahead and experience SIB Fiza
FIZA Current Account - Features***
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1
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Eligibility
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Resident Individual - 18 years and above
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2
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Average Monthly Balance
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NIL
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3
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Non maintenance charges
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Nil Charges
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4
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Minimum IP Required
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Rs. 5000/-
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5
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Additional Features based on AMB Maintained**
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AMB Below Rs.25000
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AMB Rs. 25000 and Above
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6
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Cash Deposit Limit
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Please refer Service Charges- Click Here
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7
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Cash Withdrawal Limit
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5 Free branch cash withdrawals per month.
Above Free limit
Charges of Rs.0.5/1000 or Rs.50 whichever higher is applicable.
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Unlimited cash withdrawal across branches
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8
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Cheque Leaves
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First cheque book free with 25 leaves.
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25 cheque leaves free per quarter.
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9
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RTGS / NEFT
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Inward: Free
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Outward:
10 Free NEFT/RTGS txns per month in all Digital channels (SiberNet / Mirror+).
Charges applicable in Branch
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Outward:
Unlimited Free NEFT/RTGS txns in all digital channels (SiberNet /Mirror+).
10 free RTGS/NEFT txns per month in Branch.
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10
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IMPS
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Chargeable
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Unlimited Free
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11
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DD/PO
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Charges applicable
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Rs. 100000/- free per Month
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12
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Debit Cards*
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Rupay Classic debit card
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Visa/Master Platinum
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13
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Issuance Charge
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No issuance fee
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14
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AMC
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No AMC for First Year, if following condition are satisfied
1. Minimum 3 purchase transactions of any amount using the card.
2. Purchase transactions worth Rs 5000 or more.
3. Average Balance of Rs 50,000 or more in the account for the 90-day period.
If above conditions are not satisfied charges of Rs 250 + GST is applicable for RuPay Classic Domestic
2nd Year AMC chargeable
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No AMC for First Year, if following condition are satisfied
1. Minimum 3 purchase transactions of any amount using the card.
2. Purchase transactions worth Rs 5000 or more.
3. Average Balance of Rs 50,000 or more in the account for the 90-day period.
If above conditions are not satisfied charges of Rs 500 + GST is applicable for Visa/Master Platinum cards
From 2nd year AMC is exempted (if AYB of Rs.25000 and above is maintained) otherwise chargeable.
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15
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Daily withdrawal Limit
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Rs.50000
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Rs.100000
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16
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Daily Shopping Limit
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Rs.200000
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Rs.350000
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17
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SIB ATM usages
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Unlimited Free ATM access all over the country
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18
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Other Bank ATM usage
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Charges applicable
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Unlimited Free ATM access all over the country
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19
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Mobile Banking
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Free
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20
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Internet Banking
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Free
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21
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SMS Alerts
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Rs. 1.00 per SMS (incl. GST) with maximum of Rs.200/ quarter excl. GST
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Free
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22
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E – statement
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Free
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23
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Demat Account
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Free Account Opening
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Free Account Opening
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24
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APY
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Can be Availed
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Can be Availed
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25
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PMJJBY
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Can be Availed
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Can be Availed
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26
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NPS
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Can be Availed
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Can be Availed
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27
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Value Added Features
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Free Personal Accident Death Insurance cover of Rs. 2 Lacs and Partial disability cover of Rs.1 Lac (PMSBY and Insurance based on Rupay Classic debit card)
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(a) Free Personal Accident Death Insurance Cover of Rs. 12 Lacs. Including, Personal accident hospitalizations cover Rs.1 Lac(SIB Suraksha Kavach & PMSBY)
(b) Waiver in Locker rent (For small & medium lockers only): Waiver of Rs.500 on the first year rent.
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*All other debit card variants can be availed with applicable charges.
**All free limits are based on the previous month AMB maintained
***All charges applicable above the free limits is as per the existing charges structure and is subject to change time to time on bank’s discretion.
Click here for Service Charges