INSURANCE LINKED SAVINGS BANK ACCOUNTS [ILSB]

· Both new and existing SB accounts are eligible for this facility subject to eligibility criteria of Savings Bank accounts.

· For Availing the benefits under this facilty, the customer will be required to maintain minimum balance of Rs 15,000/- in metropolitan and urban branches and Rs. 10, 000/- in rural and semi-urban branches.

· Penalty for failure to maintain minimum balance is Rs. 50/- per month.

· The benefits are:

a) Accident insurance coverage of Rs. 2 lakh at the bank’s cost in accordance with such insurance scheme as maybe in force from time to time.

b) Hospitalisation cover for reimbursement of hospitalization expenses arising out of accident only for a maximum of Rs. 10,000/- at the bank’s cost. The insurance cover will commence from 31^st day of opening of the Account. In case of joint accounts, the first account holder is covered and not both holders.

· All other benefits, rules, charge, etc., applicable to SBGeneral are also applicable.