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AllBank Senior Saving Bank Account

In a bid to pay its tribute to the senior citizens of the country our Bank has decided to offer a specially designed scheme ”Allbank Senior” for them.The scheme comes with multiple benefits for the senior citizens e.g. preferential treatment at branches, discount on locker rentals,discount in health checkups, concessional rate of interest in car loans and much more for the senior citizens.

Special features :-

  • Specially designed “AllBank Senior” personal identity cum-a/c information card with photograph & other details of the Senior Citizen on it

  • Preferential treatment at branches/ special desk or counter on showing the AllBank Senior card.

  • All digital products e.g., mobile banking, internet banking facilities would be offered

  • Discount in health check up tests (in tie up with M/s Thyrocare).

  • 25 % discount on locker rental on lockers of all sizes for locker allotment linked to AllBank Senior SB account (subject to availability of lockers). Locker may be held jointly but first name in locker account should be of the AllBank Senior account holder.

  • Free Financial literacy consultancy.

  • Enhanced cash withdrawal facility from non-home branches upto Rs.75,000/- per day.

Other features :-

  • Free Personalized cheque leaves–20 nos. in a FY

  • 0.50% extra interest above card rates for Term Deposits below Rs1 crore. (as per deposit policy of the Bank)

  • Free SMS facility.

  • Free RuPay Platinum debit card for 1st year.

  • Free Accidental insurance upto Rs.2 lacs for RuPay Platinum Card holders.

  • Doorstep banking facility for account holders in the age group of 70 yrs. & above (as per Bank’s norms.)

  • Preapproved personal loan to pensioners (as per Bank’s scheme).

  • Reverse mortgage facility.

  • All digital products e.g., mobile banking, internet banking facilities would be offered.

  • Easy bill payment for Internet Banking optees.

  • Concession of 0.05% in Car Loan.

  • Overdraft facilities through Cash option scheme.

  • AllBank Housing loan Scheme for Pensioners available as per the existing scheme

  • Ezee Will facility.

  • Primary account holder:senior citizen aged 60 yrs & above

  • Single or joint, first name should be that of senior citizen or staff senior citizen.

  • Minimum balance in the account not to fall below Rs.1000/- at any point of time.

    Nomination must in case of single account.

    Bank holds the right to withdraw the facility at its discretion in subsequent years.

Interest on the balances in AllBank Senior account should be allowed on daily product basis at the rates advised by the Bank from time to time.

50% concession on penal charges for fall in minimum balance as charged in normal SB account.

  • Proof of Identity: Photocopy required of any one.
  • PAN Card

  • Passport (along with validity details like date of expiry.

  • Driving License

  • Voter ID Card

  • Identity card with photo issued by: Central Government and its departments, State Government and its departments, Statutory / Regulatory Authorities, Public sector undertakings.

  • Proof of Address: Photocopy required of any one.
  • Passport

  • Voter Id

  • Driving License

  • Bank Passbook / statement.

  • Latest electricity bill or Landline Telephone bill (atleast 3 months old).