CSB Bank launches special savings account for senior citizens and female customers - check details

One of the oldest private sector banks in India — The Catholic Syrian Bank Limited (CSB Bank) — has introduced specialized feature-based accounts - Senior Citizen Independence Savings Account and Women Power Savings Account for its senior citizens and female customers. As per the official release, these accounts will offer a diverse range of features and benefits, including discounts on locker rentals, complimentary airport lounge access and RuPay Platinum Debit Card.

CSB Bank Senior Citizen Independence Savings Account: Special features

Some of the special features and benefits of the senior citizen savings account include — 
• Free monthly cash deposit limit of Rs 10 lakh,
• Unlimited free ATM transactions at CSB Bank ATMs,  
• Unlimited free RTGS/NEFT transactions through net/mobile banking,
• Waiver of annual maintenance charges on demat account for first year.

CSB Bank Women Power Savings Account: Special features 

Some of the special features and benefits of the female customers' account include — 
• Discount on interest rates and processing fees on loans,
• Discounted rates on Sovereign Gold Bond (SGB) purchased through CSB netbanking,
• Waiver of annual maintenance charges on demat account for first year.

As per the bank, the RuPay Platinum Debit Card will come with complimentary airport lounge access, comprehensive insurance cover of Rs 2 lakh and above, 24/7 concierge services, merchant offers from leading brands, complimentary health checkups and other exclusive offers and discounts for both the savings account.

Talking abut the benefits, Narendra Dixit, Head- Retail Banking at CSB Bank, said, “At CSB Bank, we wholeheartedly recognize the importance of financial independence, a core value that transcends gender and age. With these accounts, we present a comprehensive suite of benefits meticulously designed to inspire and empower women to seize control of their financial journeys, while simultaneously extending the security and support senior citizens rightly deserve.”