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Savings Account FAQs
What is Imperial Savings account?
Imperial Savings Account is a flagship account which comes with unlimited free transaction, cash deposit & withdrawal, Platinum Debit card with Imperial branding cheque book & debit card holder, exclusive customer support & dedicated Relationship manager.
Whats is the eligibility criteria to open an Imperial Savings Account?
Any individual who wishes to open an account with initial payment of 5,00,000 & above can open Imperial Saving account. Average monthly balance criteria will be reviewed every 6 months from the date of account opening, if adequate Average monthly balance is not maintained then account will be downgraded to lower variants of saving account of bank.
What are the charges applicable for non-maintenance of average monthly balance?
Nil, but in the event of non-maintenance account will be downgraded post 6 month of account review.
What are the documents required to open account?
As per the KYC norms of the bank (Official valid documents & Pan Card)
What is the frequency of interest pay out?
Interest will be accrued on daily basis based on the end of the day closing balances & credited to customers account at the end of every quarter.
What is the Eligibility Criteria to open a Smart Saver Savings Account?
Saving Accounts can be opened either as single holder or joint holder saving deposit or for entities
- Single holder deposits: Individuals or entities as per KYC policy of the bank
- Resident individuals above 18 years of age
- Minors of any age provided the account is opened through his/her natural or legally appointed guardian. Entities: As per the entities defined in bank’s KYC policy
- Joint holder deposits
- Jointly by 2 or more individuals or entities and any combination thereof as mentioned in the bank’s KYC policy
Whats is the interest rate?
To know interest rate click here