Current Account Product ‘SIB Fiza’ for Resident Individual Customers
SIB FIZA – an interest-free, zero balance account bundled with bouquet of features and facilities.
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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(a) Rs. 1.00 Lakh/ month
(b) 10 times of AMB of Previous Month
(a) or (b) whichever is higher.
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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 Transactions
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Inward: Free
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Outward:
10 Free IMPS/NEFT/RTGS txns per month in all Digital channels (SiberNet/Mirror+).
Charges applicable in Branch
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Outward:
Unlimited Free IMPS/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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DD/PO
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Charges applicable
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Rs. 100000/- free per Month
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11
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Debit Cards*
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Rupay Classic debit card
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Rupay Platinum debit card
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12
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Issuance Charge
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No issuance fee
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13
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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 RuPay Platinum
From 2nd year AMC is exempted (if AYB of Rs.25000 and above is maintained) otherwise chargeable.
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14
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Daily withdrawal Limit
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Rs.20000
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Rs.75000
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15
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Daily Shopping Limit
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Rs.100000
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Rs.200000
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16
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SIB ATM usages
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Unlimited Free ATM access all over the country
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17
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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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18
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Mobile Banking
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Free
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19
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Internet Banking
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Free
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20
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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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21
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E – statement
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Free
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22
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Demat Account
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Free Account Opening
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Free Account Opening
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23
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APY
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Can be Availed
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Can be Availed
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24
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PMJJBY
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Can be Availed
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Can be Availed
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25
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NPS
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Can be Availed
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Can be Availed
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26
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Value Added Features
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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)
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(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).
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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.