Hydrabad/Mumbai, Oct 10 : Bank of India (BOI), one of the largest Public Sector Banks in India, has upgraded its Savings Accounts for all segments which covers salaried employees, households, individuals, youth.
The upgraded Savings Accounts now comes with Group Personal Accident Death Insurance Cover which goes as high as up to Rs.150 Lakh, 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 lakh on POS & free issuance of Credit Cards with varied AQB, the bank said in a release on Tuesday.
Bank Managing Director and CEO Rajneesh Karnatak , who launched upgraded Savings Accounts in Zonal Manager’s conference held in Mumbai on Monday, said 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 said 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.
We are sure that upgraded Savings Accounts 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, he added.
