Salary Silver Account

Salary Silver Account

A powerful Savings Account with in-built insurance & investment features, to provide a fulfilling banking experience

Key Features
A feature-rich account designed to suit the financial needs of salaried professionals

No minimum balance requirement

Free RuPay Platinum Debit Card with a bouquet of offerings & Reward Points on every Point of sale (POS) / E-commerce transaction

Complimentary Personal Accidental Death Insurance Cover of INR 5 lakhs

Single step Salary Upload Facility for employers

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Other Benefits

  • Complimentary RuPay Platinum Debit Card with a waiver of Annual Maintenance Charges (AMC)
  • Debit Card Cash Withdrawal / E-commerce / Point of sale (POS) per day limit of INR 50,000 each
  • Free unlimited transactions on SVC Bank ATMs
  • 5 Free transactions, per month, on other Bank ATMs
  • Enjoy yearly complimentary Domestic & International Lounge Access, one each, with your RuPay Platinum Debit Card at participating lounges. Visit www.rupay.co.in/lounges for the updated list of eligible Lounges. T&C apply.
  • Complimentary Personal Accidental Death Insurance Cover of INR 2 Lakhs from RuPay Platinum Debit Card*
  • 24/7 access to Concierge Services*

  • *Personal Accidental Death Cover of INR 500,000 sponsored by SVC Co-operative Bank Ltd.  and underwritten by ManipalCigna Health Insurance Company Limited.

  • 50 Free Cheque Leaves per annum
  • Free NEFT / RTGS transactions through Branch / Internet Banking
  • No charges on Cash Withdrawal, if withdrawn from Base Branch
  • Cash Withdrawal limit of INR 25,000 per day, if withdrawn from non-Base Branch
  • Free unlimited Cash Deposit at any SVC Bank Branch 
  • Free SMS Alerts and E-mail Account Statements
  • Free Demat Account opening and 50% waiver on its Annual Maintenance Charges (AMC)
  • 5 Free DD / PO per month, up to INR 50,000
  • Preferential pricing on loans with discount on processing fees (T&C apply)
  • Any Branch banking enabled
  • Dedicated Relationship Manager for both employer and employees
  • Auto Sweep-in / Sweep-out Facility (On request only)
Note: Other charges, as per Bank's Schedule of Charges, are applicable

*Debit Card terms & conditions apply. Please note all these facilities are provided by RuPay and are available only on RuPay Platinum Debit Card. For more information, visit www.rupay.co.in

 

*T&C Apply for Accidental Death Insurance Policy.

*Please refer to the Group Policy Declaration.

Eligibility
  • Resident Indians (Salaried Individuals) aged 18 years and above
  • Minimum 10 employees with average salary of INR 15,000; minimum salary of each employee should not be less than INR 5,000
  • Initial Deposit - NIL
  • Minimum Average Quarterly Balance (AQB) - NIL
FAQ

Yes. As long as customer is a part of the product that provides this facility and the status of account is ‘Active’, the policy shall be renewed every year.

The insurance cover period for the customer will be as per the Certificate of Insurance received by him/her from ManipalCigna

The tenure is for 1 Year.

The age criteria is 18 Years to 64 Years 11 Months Pl note: for any existing customer who is more than 64 years 11 months years of age, any other retail product can be offered to him/her

Customer is covered for INR 5 Lakhs under SVC Salary Silver Account

The name of the Group Policy is ManipalCigna Lifestyle Protection Group Policy. The Bank has tied up with ManipalCigna Heath Insurance Company to provide this Insurance Cover.

Salary Silver is a zero balance savings account catering to the needs of salaried employees

Since this is a zero balance account, it will not be charged with non maintenance of minimum balance charges.

Salary Silver Account has Debit Card per day limit of INR 50,000 each across ATM, POS and Ecommerce

Salary Silver Account holder is entitled to receive 50 cheque leaves free per annum and 5 DD / PO (up to value INR 5,000) free per month

Debit Card AMC is waived for Salary Silver Account holders

Every primary holder of a Salary Silver account receives a complimentary Accidental Death Insurance Cover of INR 5 lakhs, sponsored by SVC Bank and underwritten by ManipalCigna Health Insurance Company.

Salary Silver account comes with a complimentary Rupay Platinum Debit Card. This debit card offers an Accidental Death Insurance Cover of INR 2 lakhs, Complimentary Airport Lounge Access (Domestic & International) and Concierge Services. *Debit Card terms & conditions apply. For more information, visit www.rupay.co.in

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Any firm needs to have at least 10 employees having average monthly salary of INR 15,000 to be eligible for opening Salary Silver accounts of its employees

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