Personal BankingAccounts & DepositsFIZA – Individual Current Accounts

Current Account Product ‘SIB Fiza’ for Resident Individual Customers

SIB FIZA – an interest-free, zero balance account bundled with bouquet of features and facilities.

“Your Needs our Priority” – Go ahead and experience SIB Fiza

 

FIZA Current Account - Features***

1
Eligibility

Resident Individual - 18 years and above

2

Average Monthly Balance

NIL
3

Non maintenance charges

Nil Charges
4

Minimum IP Required

Rs. 5000/-
5

Additional Features based on AMB Maintained**

AMB Below Rs.25000

AMB Rs. 25000 and Above
6

Cash Deposit Limit

 

(a)    Rs. 1.00 Lakh/ month
(b)    10 times of AMB of Previous Month
(a) or (b) whichever is higher.
7
Cash Withdrawal Limit

5 Free branch cash withdrawals per month.

 
Above Free limit

Charges of Rs.0.5/1000 or Rs.50 whichever higher is applicable.

Unlimited cash withdrawal across branches

8
Cheque Leaves

First cheque book free with 25 leaves.

25 cheque leaves free per quarter.

 
9
RTGS/NEFT Transactions
Inward: Free
 
Outward:

10 Free IMPS/NEFT/RTGS txns per month in all Digital channels (SiberNet/Mirror+).

 
Charges applicable in Branch
Outward:

Unlimited Free IMPS/NEFT/RTGS txns in all digital channels (SiberNet/Mirror+).

 
10 free RTGS/NEFT txns per month in Branch.
10
DD/PO
Charges applicable

Rs. 100000/- free per Month

11
Debit Cards*
Rupay Classic debit card
Rupay Platinum debit card
12
Issuance Charge
No issuance fee
13
AMC

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

 

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 RuPay Platinum

 

From 2nd year AMC is exempted (if AYB of Rs.25000 and above is maintained) otherwise chargeable.

14
Daily withdrawal Limit
Rs.20000
Rs.75000
15
Daily Shopping Limit
Rs.100000
Rs.200000
16
SIB ATM usages
Unlimited Free ATM access all over the country
17
Other Bank ATM usage
Charges applicable

Unlimited Free ATM access all over the country

18
Mobile Banking
Free
19
Internet Banking
Free
20
SMS Alerts

Rs. 1.00 per SMS (incl. GST) with maximum of Rs.200/ quarter excl. GST

Free
21
E – statement
Free
22
Demat Account
Free Account Opening
Free Account Opening
23
APY
Can be Availed
Can be Availed
24
PMJJBY
Can be Availed
Can be Availed
25
NPS
Can be Availed
Can be Availed
26
Value Added Features

Free Personal Accident Death Insurance cover of Rs. 3 Lacs and Partial disability cover of Rs.1 Lac. (PMSBY and Insurance based on Rupay Classic debit card)

(a)Free Personal Accident Death Insurance Cover of Rs. 14 Lacs. Including, Personal accident hospitalizations cover Rs.1 Lac (SIB Suraksha Kavach, PMSBY and Insurance based on Rupay Platinum Debit Card).

 

(b)Waiver in Locker rent (For small & medium lockers only): Waiver of Rs.500 on the first year rent.

 

(c)Free airport lounge access facility at select airports with Rupay Platinum debit card (Two per calendar quarter).

*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.