Bank has been concentrating its efforts to increase the low cost deposits and to increase the low cost deposit, there is need to attract the new customers / clients, with a new product which suits their requirement / demand. Consequently there has been value addition in the existing current account. It has been named PSB Premier current Accounts with a host of benefits for the customers.
These accounts have to be opened with minimum amount of Rs.1,00,000/- or more in the Rural & Semi – Urban Branches and with Rs.2,00,000/- or more in the Urban & Metro Branches and should maintain minimum balance of Rs.1,00,000/- or more & Rs.2,00,000/- or more respectively.
By maintaining minimum balance of Rs.1,00,000/- or more in the Rural & Semi – Urban Branches and Rs.2,00,000/- or more in the Urban & Metro Branches in the accounts, Bank will give them following incentives: -
- Waiver of Ledger Folio Charges in the account.
- Waiver of Incidental Charges in the account.
- Waiver of Standing Instruction Charges.
- Free of Cost Statement of Account will be provided on demand.
- Waiver of Balance Certificate Charges.
- Waiver of Signature verification Charges.
- Waiver of Inward Cheque Returning charges, where a/c holder is payee of the cheque.
- Free ATM Card.
- Waiver of Cash Handling Charges on cash deposit upto 5,00,000/-.
- Waiver of Locker Rent of Small Locker for one year.
- At the request of the Customer, Cheque Book with name of the customer duly printed on the Cheque Book will be provided Free of Cost. (Maximum 1 of 50 leaves in Rural & Semi – Urban Branches and 1 of 100 leaves in Urban & Metro Branches in a year)
- Waiver of Processing Charges on Personal / Consumer / Education Loan amounts of Rs.3,00,000/-.
- The account holders covered under this Scheme shall be given Special treatment and will be attended personally by the Branch Manager or by the officer specially assigned the duties for this purpose.