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.1,50,000/- or more in the Rural & Semi – Urban Branches and with Rs.4,00,000/- or more in the Urban & Metro Branches and should maintain minimum balance of Rs.1,50,000/- or more & Rs.4,00,000/- or more respectively.
By maintaining minimum balance of Rs.1,50,000/- or more in the Rural & Semi – Urban Branches and Rs.4,00,000/- or more in the Urban & Metro Branches in the accounts, Bank will give them following incentives: -
- Free ATM Cards.
- Statement of A/C without any charge.
- Waiver of Inward Cheque Returning Charges.
- Waiver of Cash Handling Charges.
- Waiver of Locker Rent of Small Locker for one year.
- Cheque Book with name of the customer duly printed on the Cheque Book.
- Waiver of ledger folio charges.
* Nomination facility is available on all deposit accounts opened by individuals. Nomination is also available to a sole proprietary concern account. Nomination can be made in favour of one individual only. Nomination so made can be cancelled or changed by all the account holder(s) any time.