comparision b/w old and new generation banks

8/9/2019 comparision b/w old and new generation banks

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Primary Function-

Accepting Deposits

Lending Money


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Fixed Deposit

Savings Bank Deposit

Recurring Deposit

Current Deposit


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Loans

Cash Credits

Overdrafts

Bills Discounted and Purchased


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Orange savings account

Advantage salary account

Aspira Corporate Salary Account

Orange salary account

Solo savings account

Saral savings account

General savings account Freedom account

ING Formula Savings account


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Aspira Corporate Salary solution

aimed at corporates

Automated salary upload

Complimentary upgrade to ING Platina

Preferred Banking for senior employees

Special pricing on loans (based on company

categorisation)

Priority servicing at any branch


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As an introductory offer, you will getcomplimentary entry passes to over 30

exclusive night clubs across eight cities.

Fill fuel across in any petrol pump in Indiaand get the 2.5% surcharge waived

Whenever there is a Formula 1 race

anywhere in the world, there is a race foryou as well. Shop using your ING Formula

debit card on the day of the race and top 25

spenders for the race day wins vouchers from

ING


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3 winners Gift vouchers worth Rs 5000/-

10 runner ups Gift vouchers worth Rs

2000/- 12 second runner ups Gift vouchers

worth Rs 1000/-

12 second runner ups Gift vouchers worth

Rs 1000/-


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INNOVATIVE DEPOSITS:

KAMADHENU DEPOSIT

TAX SAVING PRODUCTS


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ELIGIBILITY : Individual, Joint (not more

than 4), a Guardian on behalf of a minor,

HUF, Partnership, a Company, Association or

any other Institution

INVESTMENT : Minimum Rs.1000/-

Maximum - No ceiling


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PERIOD OF DEPOSIT :

Minimum 5 monthsMaximum 120 months

INTEREST RATE :Depending upon the periodicity of the deposit

EXTRA FACILITY : Facility of part withdrawal ofdeposits in units of Rs.1000/- keeping the rest ofthe deposit to earn contracted rate of interest,available.

Interest compounded quarterly


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ELIGILIBILITY:

Individual Account can be in the name of the

individual for himself or in the capacity of the

Karta of a Hindu undivided family (HUF)


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INVESTMENT : Minimum - Rs.100/-(In multiples of

Rs.100/- thereafter)

Maximum - Rs.1, 00,000/- per person

PERIODICITY OF DEPOSIT : 5 YEARS


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INTEREST RATE : Presently, 7.25% per annum

EXTRA FACILITY: Deduction from income upto

Rs.1 lakh under Sec.80C of The I T Act, 1961;

Higher rate of interest.


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INNOVATIVE ADVANCE PRODUCTS:

TEACHERS LOAN

CAN MAHILA


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Purpose: To meet any genuine personal

needs.

Eligibility: All confirmed teaching / non-

teaching staff working in a school / college -

drawing salary through our branches

Quantum :6 months' gross salary or

Rs.1,00,000/- whichever is less.


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Processing Charges:1% of the loan amountwith a minimum of Rs.50/- .

Repayment :Upto 60 months. EMIs also possible


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ELIGIBILITY:

Aged between 18 and 55 years, Married or

single, Non salaried (housewives also),

Engaged in business or self-employed.

LOAN AMOUNT: UPTO RS,25000/-

PROCESSING FEE: 0.5% of loan amount

(minimum Rs.100/- & maximum Rs.500/-)


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INNOVATIVE DEPOSITS :

ADVANTAGE WOMAN SAVINGS ACCOUNT


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FEATURES:

Zero Balance facility with a RD of just Rs. 2,000.**Now just maintain a Recurring Deposit of Rs. 2,000 with

ICICI and get a hassle free zero balance savings account.

A Special International Woman's Debit card along withthe account with a withdrawal / spending limit of Rs.

25,000 per day.

Gamut of discounts and benefits on Special Woman'sDebit card.

Payable-at-par chequebookWith the Advantage Woman account, you get a free, multi-

city cheque book.


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Eligibility: Resident Indian Woman, >18yrs

Minimum average quarterly balance :

Rs.10,000

Charges for non maintenance of minimum

quarterly average balance : Rs.750 per

quarter


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Baroda Loan to Doctors-for projects related to setting up / expansion of nursinghome / hospital / clinic and pathological lab etc.

-demand / term loan and / or overdraft Baroda Fast Access Deposit Scheme

An additional 0.50% interest for senior citizens

-overdrawing of account up to 95% of deposits

-Join this deposit product with a minimum deposit of Rs.

10,000/-

-Subsequent deposits in multiples of Rs. 1000 (under RIRD

plan).


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Baroda Ashray

Should be the owner of a residential property

(house or flat) located in India in his/her own

name The Commercial property will not be taken

as a security under the product

Married couples will be eligible as joint

borrowers provided one of them is above 60years of age and age of spouse is not below

55 years at the time of application.


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Gen-Next Junior (Saving Account)

This is a Special kind of Savings Bank Deposit product for

children to be made available in Gen-Next Pune branch.

Minor above 10 years can open the account in the sole name

QAB: Rs 500/-

Charges for non-maintenance of QAB is Rs 50/ per quarter only

Take Over of Accounts


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SuperSavings Account

1. Minimum balance of 5000

2. Instant banking

3. Family account

4. Bank on the move5. Travel and gift solutions


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DBI Super Shakti Account for Women

1. Account opening balance of Rs 1000/-

2. AQB of 5000

3. A zero balance account for your child

4. Locker service at a concessional rate.


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SWEEP IN & SWEEP OUT DEPOSITS

Offers it over a cut off limit in CA/SB a/c.

Min amt as per a/c held.

Term deposits can also be converted.

Int rates - applicable to term deposits

Tenor 30 days to 24 months.


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RECURRING / FLEXI RECURRING DEPOSIT

Higher return with flexibility of varying monthly

instalments

Op bal Rs 1000

Tenor 7 days to 120 months

Recurring deposits are treated as units of Rs100.


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LOAN AGNST RENT RECD

To landlords

Loan or OD

Rs 5lacs to RS 100 lacs

Margin 25%

Repayment - rental income

Security Property let out.


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LOAN AGAINST MUTUAL FUNDS

Solve liquidity problem without liquidating long terminvestment.

Security Mutual Fund unit

Amt Rs 20 lacs

Margin 50% of the repurchase value.

Documents

comparision b/w old and new generation banks