Product Variants
BSBDA small
Basic Savings Bank Deposit Account – Small.
BSBDA – Small Accounts with simplified KYC is offered to its customers with the following features:
- Simplified KYC
- No minimum balance requirement
- Zero account opening charges
- Maximum balance in account at any point of time – Rs. 50,000
- Maximum permissible total amount credited in the account per annum – Rs. 1,00,000
- Free passbook
- Free SMS alerts
- No charges on debit card issuance
- No debit card annual charges
BSBDA
Basic Savings Bank Deposit Account
NESFB offers BSBDA savings account for the masses which will have the following features:
- Zero balance basic banking
- No minimum balance requirement
- Zero account opening charges
- Unlimited cash deposits
- No charges on debit card issuance
- No debit card annual charges
- Doorstep transactions
- Free passbook
- Free SMS alerts
Regular Savings Account
- A very low quarterly average balance required
- Rural: Rs.500
- Semi Urban: Rs.1,000
- Urban: Rs.1,500
- Attractive rate of Interest
- 24X7 Internet banking
- 24X7 Mobile Banking
Premium Savings Account
- Quarterly average balance required Rs.25,000
- 24X7 Internet banking
- 24X7 Mobile Banking
- Attractive rate of Interest
- Unlimited free transaction at NESFB ATMs
- Free RTGS and NETF through branch
TASC Savings Account
- Quarterly average balance required Rs.1,00,000
- Unlimited Free Demand Drafts
- 24X7 Internet banking
- 24X7 Mobile Banking
- Attractive rate of Interest
- Unlimited free transaction at NESFB ATMs
- Free RTGS and NETF through branch
Institutional Savings Account
NESFB will offer a value added savings account for institutions such as trusts, associations, societies, clubs, NGOs, educational institutions, etc.
It shall have the following features:
- No minimum balance requirements
- Zero account opening charges
- Unlimited Cash deposits
- Free DDs
- Five free outstation cheque collections per month
- Doorstep banking
- Free SMS alerts
Salary Account
NESFB will also focus on tie-ups to source salary accounts relationships of the employees’ base of corporates, SMEs, business houses and other institutions.
Following are some of the features offered to the salary accounts:
- No minimum balance requirements
- Zero account opening charges
- Three free DDs per month
- Two NEFT/RTGS/IMPS per month
- Auto Sweep Facility available
- Unlimited free transactions at NESFB ATMs
- No charges on debit card issuance
- No debit card annual charges
- Doorstep banking
- Personalized Debit Cards
- Free SMS Alerts
- Free passbook
- e- statement free