V-Payroll Savings Bank Account for salaried class people, particularly those working in Corporation firms, institutions , Companies, Govt. Dept etc.
||Minimum Number of Employees in the organization should be 10
| Average net salary of the employee
||Not less than Rs.5,000/- per month
| Accessibility through Cheque
||Free in any of our CBS branches
| Minimum Balance
| Sweep facility
||Balance in excess of Rs.25,000 can be swept into term deposits in multiples of Rs.10000/-
| Other concession
||50% concession in service charges for remittances like DD , standing Instruction, etc.
| ATM withdrawal
||Upto Rs.30, 000 per day.
| Access to our bank ATMs
| Access to other bank ATMs
||Five Free withdrawals (includes cash transaction, balance enquiry, mini statement)
|Processing Fee Waiver
||No processing charge for V-Cash, V-Wheels and Housing Loans
| V-Cash loan facility
||Eligibility as per existing norms for V-Cash loan.
| Other facilities
||V-Payroll account holders can avail of Debit Card, Demat and Internet Banking facilities.
||Identification introduction and residential address proof of the employee as provided by the employer as per their records , can be accepted as KYC compliance
||The Executive level employees of the corporate /company whose minimum salary per month is Rs.50,000/- and above, will be offered V-Platinum Savings bank Account
Click Here to download the Application form