Rakshak Salary account is designed exclusively for all the brave warriors out there taking to account your unique requirements. You enjoy a range of exceptional benefits. Experience hassle-free banking with zero minimum balance requirements and unlimited free transactions at BOI branches. Our account offers attractive interest rates, ensuring your hard-earned money grows effortlessly.
Our dedicated team is committed to providing you with exceptional customer service, ensuring your financial journey is smooth and secure. We provide hassle free and seamless banking experience online through our state of art mobile banking and internet banking facilities. You can now open your salary account at the convenience of your home through our digital platform also.
Open your Rakshak Salary Account with us today and experience the banking excellence you deserve.
Eligibility
- All permanent employees of defence forces, i.e. Indian Army, Indian Air Forces, Indian Navy, Paramilitary Forces and Coast Guards. Agniveers are also eligible under the scheme along with ex- servicemen
- All permanent employees of the central and state police, civil police, home guards, traffic police and reserve police of all states, police force of the UTs, RPF and GRP
- Minimum Balance Requirement - Nil
Features
Features | Normal | Classic | Gold | Diamond | Platinum |
---|---|---|---|---|---|
AQB | Nil | Rs 10,000/- | Rs 1 Lakh | Rs 5 Lakhs | Rs 10 Lakhs |
Eligible ATM Card | Rupay Platinum | Rupay Platinum | Rupay Select | Visa Business | Visa Signature |
Waiver of ATM/ Debit card AMC | 75,000/- | 75,000/- | 1,00,000 | 2,00,000 | 5,00,000 |
Free Cheque Leaves | 25 leaves per quarter | 25 leaves per quarter | Unlimited | Unlimited | Unlimited |
Waiver of RRTGS/NEFT charges | 50% waiver | 50% waiver | 100% waiver | 100% waiver | 100% waiver |
Free DD/PO | 50% waiver | 50% waiver | 100% waiver | 100% waiver | 100% waiver |
Credit card issuance charges waiver | 100% waiver | 100% waiver | 100% waiver | 100% waiver | 100% waiver |
Credit card AMC Waiver (Min transaction Amt) | 75,000/- | 75,000/- | 1,00,000 | 2,00,000 | 5,00,000 |
SMS/Whatsapp Alert Charges | Chargeable | Free | Free | Free | Free |
GPA & other covers* | Group Personal Accidental Death insurance cover of Rs 50,00,000/- Permanent total disability cover of Rs 50,00,000/- Permanent partial disability (50%)cover of Rs 25,00,000/- Permanent total disability cover of Rs 1,00,00,000/- Educational benefit of Rs 2,00,000/- | Group Personal Accidental Death insurance cover of Rs 60,00,000/- Permanent total disability cover of Rs 50,00,000/- Permanent partial disability (50%)cover of Rs 25,00,000/- Permanent total disability cover of Rs 1,00,00,000/- Educational benefit of Rs 2,00,000/- | Group Personal Accidental Death insurance cover of Rs 75,00,000/- Permanent total disability cover of Rs 50,00,000/- Permanent partial disability (50%)cover of Rs 25,00,000/- Permanent total disability cover of Rs 1,00,00,000/- Educational benefit of Rs 2,00,000/- | Group Personal Accidental Death insurance cover of Rs 1,00,00,000/- Permanent total disability cover of Rs 50,00,000/- Permanent partial disability (50%)cover of Rs 25,00,000/- Permanent total disability cover of Rs 1,00,00,000/- Educational benefit of Rs 2,00,000/- | Group Personal Accidental Death insurance cover of Rs 1,50,00,000/- Permanent total disability cover of Rs 50,00,000/- Permanent partial disability (50%)cover of Rs 25,00,000/- Permanent total disability cover of Rs 1,00,00,000/- Educational benefit of Rs 2,00,000/- |
Free transaction at BOI ATM per month | Nil | 5 | Unlimited | Unlimited | Unlimited |
Free transaction at other ATM per month | Nil | 5 | Unlimited | Unlimited | Unlimited |
Concession in retail loan processing charges** | Not available | Not available | 5 bps | 10 bps | 25 bps |
Locker Rent concession | NA | 50% | 100% | 100% | 100% |
Salary/Pension Advance | Equal to 1 month net salary | Equal to 1 month net salary | Equal to 1 month net salary | Equal to 1 month net salary | Equal to 1 month net salary |
Instant personal loan | Equal to 6 months net salary | Equal to 6 months net salary | Equal to 6 months net salary | Equal to 6 months net salary | Equal to 6 months net salary |
- *The cover is subject to settlement of claims by the insurance company without any liability to the bank. The rights and liabilities of the insured shall be with the insurance company.
- Bank holds the right to withdraw the facility at its discretion.
- **In case of any other concessions already offered to retail loan customers, viz festive offers, special concessions to women beneficiaries etc, the concession proposed here is automatically withdrawn.
Terms and Conditions apply
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