- The account benefits different private organizations and their employees.
- The account can be opened with zero balance in the name of individual employee.
- The Bank may provide account statement monthly free of charge
Incentives
- savings interest rate plus 0.5%
- The Bank may grant a term loan facility to account holders, up to a maximum amount equal to the deposited Provident Fund amount, for the purchase of consumer durable goods: House, Vehicles or any other fixed asset
The opening and closing procedures shall be the same as that of s/a or c/a, except additional requirements.
