1. Silver Salary Savings Account

• Eligibility: Net monthly salary from ₹8,000 to ₹15,000.
• Free Cheque Book: One cheque book containing 9 leaves.
• Personal Accident Insurance: Insurance cover of ₹2,00,000, subject to the applicable scheme terms and conditions.
• Loan Facility: Collateral-free personal loan up to ₹60,000, subject to eligibility.

2. Gold Salary Savings Account

• Eligibility: Net monthly salary from ₹15,001 to ₹25,000.
• Free Cheque Book: One cheque book containing 15 leaves.
• Personal Accident Insurance: Insurance cover of ₹5,00,000, subject to the applicable scheme terms and conditions.
• Loan Facility: Collateral-free personal loan up to ₹1,50,000, subject to eligibility.

3. Diamond Salary Savings Account

• Eligibility: Net monthly salary above ₹25,000.
• Free Cheque Book: One cheque book containing 24 leaves.
• Personal Accident Insurance: Insurance cover of ₹10,00,000, subject to the applicable scheme terms and conditions.
• Loan Facility: Collateral-free personal loan up to ₹10,00,000, subject to eligibility.

General Terms and Conditions

• All accounts under this scheme shall be opened as zero-balance savings accounts.
• The employee's monthly salary must be credited directly to the account maintained with the Bank.
• The following services shall be provided free of charge:
  • ATM services
  • UPI
  • NEFT
  • RTGS
  • Mobile Banking
  • Internet Banking
• Personal accident insurance coverage shall be available for one year from the 5th day of the month following the month in which the first salary is credited, subject to the applicable insurance policy terms and conditions.

Saving account at Akola Urban Bank comes with bouquet of facilities at no extra cost to the customers. Individuals,Students and eligible organizations/ agencies can open this account with the Bank after completion of KYC formalities. Saving bank ordinary account can be opened with an amount of Rs.500# & account with cheque book can be opened with an amount of Rs.1000/ #-. The amount can be withdrawn from saving account by way of cheque or withdrawal slip. The interest is paid @ 2.50% p.a. on half yearly basis.. Nomination facility is available on accounts of individuals. A passbook is issued to the account holder without any cost.

• # To be maintained as minimum balance.

Current account can be opened by any person like an individual, businessmen, proprietorship firms, partnership firms, association of persons, public or private limited companies, trusts, and societies etc. which are required to do multiple or numerous transactions. Customers can deposit or withdraw any amount as many times as per their requirements. The account can be opened after completion of KYC formalities with an amount of Rs.2,000 which is to be maintained as minimum balance. No interest is paid on current accounts. The statement of account is issued to customers monthly without any cost.