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Purchase Course

Advantage Saving Account

PARAMETERSFEATURES*
EligibilityAny Individual above 18 Years of age
Minimum Monthly Average Balance For Availing Benefits₹50,000
Personal Accidental Insurance (PAI)₹20 Lakh
Air Accidental Insurance (AAI)₹40 Lakh
Permanent Total Disability (PTD)₹20 Lakh
Permanent Partial Disability (PPD)Upto ₹10 Lakh
(% age of disability will be as per the GPA Schedule & in case of multiple injury, max claim upto the amount of sum insured)
Add on benefits linked to PAIHigher Education (for College & Higher studies) – 25% of entitled of PAI Cover max up to ₹5 Lakh in aggregate for 3 years for 2 dependent children having age up to 25 years in case of accidental death
Girl Child Marriage Cover (18-25 years) – 10% of the PAI Cover max up to 10 Lakh each for 2 girl children
Ambulance Charges- ₹10,000/-Funeral Expenses – ₹10,000/-
Lost Baggage protection insurance for Domestic Air Travel of ₹25,000/-
PAI and other linked benefits are admissible immediately upon account activation and will be available upto the age of 69 years only.
Cheque Book Issuance ChargesNumber of Cheque leaves free: 200 per year
RTGS/NEFT (Online) ChargesNIL
Nomination facilityAllowed
Concession in respect of processing charges/upfront fee for Housing Loan/ Vehicle Loan50% waiver
Concession in respect of documentation charges Housing Loan/ Vehicle Loan50% waiver
VariantAdvantage
Debit CardOptima Debit Card
Issuance Charges/AMC ChargesNIL
Further AMCFurther AMC will be waived in case desired yearly average balance equivalent to MAB requirement of the scheme is maintained in last 12 months
Debit Card OffersPersonal Accidental (Death) Insurance – ₹10 Lakh
Free OTT (Prime/JioHotstar) Subscription
Free Vouchers from Bookmyshow, Myntra, Reliance Digital, Decathalon, Kalyan Jwellers, Apollo Pharmacy, Blinkit etc.
Free Swiggy One 3 Months & Annual Gaana Membership
Complimentary Gym & SPA Services
Medical Checkup Facility
Exclusive Domestic & International offers from partner Merchants
Domestic Airport Lounge – Once per Quarter
Debit Card LimitsCash Withdrawal- ₹1.5 Lakh
Ecom/POS (Combined)- ₹5.0 Lakh
Contactless: ₹5,000/- per day
Charges for non-maintenance of MABNiL
Note: No charges will be levied for non-maintenance of MAB but freebies/concession related to the scheme will be withdrawn

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