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What is Global Edge Savings?

In the world of Lifestyle Banking, we are pleased to announce a new lifestyle Banking product ‘GLOBAL EDGE SAVINGS’ account which enables smart financial Planning, Disciplined Savings & enhanced Protection of funds with online access to our privileged retail customers.

The Global Edge Savings product offers a bouquet of accounts namely SPEND, RESERVE & GROWTH that help customers to spend, save, and grow their money efficiently.

Few important operational features:

1. All transactions done vide Cheque, IMPS, IB, MB, Digital Transactions will be allowed through ‘Spend Account’ only.
2. ‘No third-party transactions’ and ‘No direct funding’ are allowed in ‘Reserve’ and’ Growth’ account.
3. Funds transfer to/from Reserve and Growth account will be allowed on exclusive action from the customer.
4. When Cheque / SI/ NACH mandate to be executed, the balances of all three accounts will be considered and no transactions will be returned if cumulative balance is available in three accounts (i.e. Spend, Reserve & Growth) for the requested amount.

In nutshell, Global Edge Savings offers

1. Smart Transaction Capability
2. Wealth Accumulation
3. Value on Idle Balances
4. Higher Yield Opportunities
5. Built-In Liquidity

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Who can open the account

Individual only (age: above 18 years) with Fully KYC Compliant

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Not eligible to Open the account.

1. Individual / Proprietorship / Professionals – who is enjoying any Commercial Cash Credit facility from Banking system.
2. Minor
3. HUFs
4. Partnership Firm
5. Private & public Limited Companies
6. Specific Associates
7. Trusts
8. LLP
9. Government / Semi- Government Department
10. Non – Individuals other than mentioned above

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Initial Deposit and

Minimum Average Quarterly Balance in Spend Account

Spend Account can be opened with Zero initial deposit.

AQB: Rs. 10000/- in SPEND account.

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Charges for Non-Maintenance of AQB of Rs. 10000 (in SPEND account)

Maximum Rs.500 per quarter for all Branch Categories (M/U/SU/R)

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Account Closure

within 14 days: Nil

after 14 days: as per prevailing Service Charges guidelines for current account ‘Spend’ only. Nil for Reserve & Growth account.

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Nomination

Yes (Nomination for Spend account will continue for Reserve & Growth Account)

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TDS on interest

Yes (as applicable for Reserve & Growth Account)

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Debit Card for Spend account

RuPay Platinum / VISA Debit Card

Card can be used for domestic as well as international transactions.

Personal Accident Death Insurance Cover and Complimentary Offerings as per NPCI guidelines

(The Debit Card facility for Reserved and Growth account is not allowed. Additionally, transaction via ATM also not allowed in Reserve & Growth account)

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Debit Card Charges

for Spend account

Card Issuance Charges – Free
Annual Maintenance Charge – As per Prevailing charges

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Cheque Book charges

for Spend Account

Free 50 Cheque Leaves per annum (Transactions not allowed in Reserve & Growth account)

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Outward RTGS / NEFT for Spend account

On Branch Counter: As per Prevailing Service charges *

Online: Free

(Transactions not allowed in Reserve & Growth account)

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Inward RTGS / NEFT

for Spend account

On Branch Counter: Free

Online: Free

(Transactions not allowed in Reserve & Growth account)

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IB, MB, WhatsApp Banking for all accounts

Free

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Other benefits

To know more benefits, visit the nearest Branch of Bank

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How to Open the Account?

For New Customer of Bank
1. Visit the Nearest Branch of Bank
2. Video Based Account Opening (Click Here)

For Existing Customer of Bank
1. Visit the Nearest Branch of Bank
2. Use Mobile Banking & Internet Banking Application