Government and Institutional Savings Account

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Government and Institutional Savings Account

Explore government and institutional savings accounts with high returns, security, and tax benefits. Secure your future with trusted financial options.

  • cheque availibilty
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Details for Government and Institutional Savings Account

The Government and Institutional Savings Account offers a secure, high-interest savings solution, ensuring financial stability. Enjoy tax benefits, government-backed security, and easy access to your funds. Perfect for long-term savers looking to maximize returns while minimizing risk. A trusted choice for a safe financial future.

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Interest Rate

2.90% p.a

₹
Withdrawal Limit

Not available

₹
Transaction Limit

Not available

Minimum Balance Required

  • Nil

Eligibility Criteria for Opening an Account

  • Government departments/bodies depending upon budgetary allocations for performance of their functions
  • Municipal Corporations or Municipal Committees
  • Housing Societies, Education Institutions, NGOs, Healthcare, Clubs & Associations and Trust

Additional Benefits

  • Free RTGS/NEFT/IMPS
  • Free Account Statement, Customer Can Avail Free Monthly Account Statements OR Opt to Avail Daily/Weekly/Monthly Statements on E-Mail
  • Provision for Cash Pick up Service. Charges May be Waived if Average Balance in the Account is More than Rs. 100 Crore
  • Free 'Payable at Par' Cheque Books
  • Free Cash Withdrawals Across All Locations
  • Free Unlimited Issue of Demand Drafts
  • Bundled Offering of Payment Gateway (IOB PAY) & POS Terminals/POS Solutions
  • Free Bill Payment Facility with BBPS Option of Autopay

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