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Senior Citizen Savings Account

What is the minimum balance required to be maintained for Life Plus Senior Citizen Savings Account?

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Life Plus Senior Citizen Savings Account : Minimum monthly average balance (MAB)* Rs.5000
(W.e.f. June 1, 2016 :  Rs.4500) 
 
Charges for non maintenance of minimum monthly average balance (NMMAB): Rs 100 per month
 
(W.e.f. June 1, 2016 : 5% of the shortfall in required MAB or Rs. 100 whichever is lower).

What are the features of Life Plus Senior Citizen Savings Account?

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  • Special Senior Citizen 'Life Plus' Debit card free of charge
  • Unlimited cash transactions at branch, free of cost
  • Higher interest rates on term deposits
  • Money Multiplier Facility
  • Free SMS alert Facility
  • Anywhere Banking
  • Free multi-city chequebook
  • Free Internet Banking and Mobile Banking
  • Free Email Statement facility
  • Standing instructions facility
  • Nomination facility is available

What are the special privileges of Life Plus Senior Citizen Savings Account?

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  • Special Senior Citizens Desk to cater to all banking transactions
  • Special Senior Citizen 'Life Plus' Debit card free of charge
  • Unlimited cash transactions at branch, free of cost
  • Higher interest rates on term deposits
  • Free SMS alert facility

For privilege senior citizen accounts, Click Here.

Do you have more questions on Senior Citizen Savings Account?

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To know more about frequently asked questions, Click Here.

What is the eligibility criteria for opening Life Plus Senior Citizen Savings Account?

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The account is available for Resident Individual (sole or joint account), Foreign national and Hindu undivided family (HUF) customers, above age of 60 years.