IB Salaam – Special Account for Defence Personnel

TARGET CUSTOMERS	Personnel-Public Defence service Resident Individual. Minimum 18 years of age. Serving permanent employee of all defence personnel(Army, Navy, Air force) including BSF, CRPF, CISF, ITBP, Indian Coast Guard and Para Military Personnel.
NATURE OF OPERATION	Singly, Jointly, Any one, E or S, Former or survivor.
INITIAL DEPOSIT	NIL
AVERAGE MONTHLY MINIMUM BALANCE	NIL
CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE	NIL
NEFT/RTGS/IMPS	Free
NET/MOBILE BANKING	Free
TRADING/DEMAT ACCOUNT	Free Demat Account for first year
PREFERENTIAL ALLOTTMENT OF LOCKER	Yes
RENT ON LOCKER	25 % discount on locker rental on lockers of all sizes for locker allotment linked to Salaam Savings Bank account.
CONCESSIONS IN INTEREST RATE ON RETAIL PRODUCT LOANS	Available on select products Terms and Conditions apply. The first name should be of IB Salaam Savings Bank account
EXCLUSIVE PRIVILEGES	Optional Health Insurance available at concessional rate Terms and conditions applies
SERVICE CHARGES	All other service charges are as per the service charges notification.

( Last modified on Sep 22, 2025 at 09:09:06 PM )

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