The scheme is supposed to facilitate easy and regular withdrawal of funds as and when required and simultaneously earning of income on the balance that is kept in the account. Any person having a savings account is allowed to deposit money and withdraw to the extent of balance freely from his/her account. Individual banks however put a restriction on number of withdrawals and amount for each transaction in saving account, which are ten withdrawals per month and Rs. 100,000.00 per day for Global Bank.
Saving account is an interest bearing account. The interest is paid on minimum daily balance basis. The advantage of Savings account is that an individual can utilize the bank account for various payments while the balance in the account earns interest. The scheme is designed to encourage small savings . The interest in saving account is paid on quarterly basis.
- Minimum Balance: Rs. 1,000.00
- Interest Rate: 4.00%
- Free Internet Banking Services
- Free SMS Banking Services with Alert Messages
Global Shubhalabh Bachat is an interest bearing account. The interest is paid on minimum daily balance basis. The advantage of Shubhalabh Bachat is that an individual can utilize the bank account for various payments while the balance in the account earns interest. The scheme offers higher rate of interest than savings account.
- Minimum Balance: Rs. 15,000.00
- Interest Rate: 5.25%
- Free Global Debit/ATM card
- Free Internet Banking Services
- Free SMS Banking Services with Alert Messages
Global Nari Bachat is an interest bearing account. The interest is paid on minimum daily balance basis. The advantage of Nari Bachat is that an individual can utilize the bank account for various payments while the balance in the account earns interest. The scheme offers higher rate of interest than savings account.
- Minimum Balance: Rs. 100.00
- Interest Rate: 5.00%
- Free Internet Banking Services
- Free SMS Banking Services with Alert Messages
Global Future Star Deposit is an interest bearing account. The interest is paid on minimum daily balance basis. The advantage of Future Star Deposit is that an individual can utilize the bank account for various payments while the balance in the account earns interest. The scheme offers higher rate of interest than savings account.
- Minimum Balance: Rs. 1,000.00
- Interest Rate: 5.00%
- Eligibility: up to 16 years
- Free Internet Banking Services
- Free SMS Banking Services with Alert Messages
Global Senior Citizen Account is an interest bearing account for 55 years and above person. The interest is paid on minimum daily balance basis. The advantage of Senior Citizen Account is that an individual can utilize the bank account for various payments while the balance in the account earns interest. The scheme offers higher rate of interest than savings account.
- Minimum Balance: Not required (interest would be paid for deposit above 1,000.00)
- Interest Rate: 5.00%
- Eligibility: 55 years and above
- Free Internet Banking Services
- Free SMS Banking Services with Alert Messages
- 25% discount on locker facility
- No service charge on sale and purchase of TC
- Minimum Balance: Rs. 1,000.00
- Interest Rate: 4.00%
- Minimum Balance: Rs.1,00,000.00
- Interest Rate: 5.00%
- Interest to be posted on a monthly basis
- Required Documents:
Photocopy of citizenship, passport or drivers license. (anyone)
Two passport size photograph.
Pension Slip or Retirement Certificate.
Features:
- Minimum Balance: Rs. 25,000.00
- Interest rate: 7.50 %
- Free ABBS
- Free SMS Banking and Internet banking.
- 25 % Discount on issuance of Traveler's Cheque.
- 50% discount on issuance fee Visa Debit Card, Visa Credit Card and Visa Prepaid Card available.
- 50% discount on Locker Facility.
- USD Savings Account: Interest @ 0.5% p.a., Minimum balance requirement: USD 100.00
- EUR Savings Account: Interest @ 0.5% p.a., Minimum balance requirement: EUR 100.00
- GBP Savings Account: Interest @ 0.5% p.a., Minimum balance requirement: GBP 100.00
The scheme allows a customer to earn higher rate of interest for those amounts, which a customer is confident that he will not require the amount for certain period. The scheme offers higher rate of interest than savings account. The interest rates vary with the period for which amount is kept in fixed deposit. The interest rates vary from time to time.
- Minimum Balance: Rs. 10,000.00
- Interest rate:
@ 9.00% - 10.00% for 6 months
@ 10.00% - 11.50% for 1 year & above
FCY Fixed deposit and Call deposit rates are negotiable
