Daily Product Account - Summit Bank

Daily Product Account

Take advantage of our unique Daily Product Account where your money begins earning returns as soon as you make a Deposit. Returns are calculated on your Daily Closing Balance and credited to your account monthly, which means you start making money from the day you make your very first Deposit. This innovative Summit Bank Product offers the simplest way to start Growing your Savings right away.

Key features

  • No Minimum Balance requirement
  • Profit calculated on daily balance basis and disbursement on monthly basis
  • Choice of Periodic Statements on monthly, quarterly, half-yearly and annual basis
  • Anytime access to your Account Statement through our Internet Banking and Electronic Statement Facilities
  • Account Transaction information through SMS Alerts
  • Debit Card Issuance (Charges as per SOC)
  • Cheque Book Issuance (Charges as per SOC)

Value Added Services

  • Postage, Courier, Telephone, Telex and Fax Charges will not be recovered from account holders maintaining an average balance of Rs.2.5 million in Daily Product Accounts
  • Free Online Banking
  • Free Utility Bills payments via ATM, SMS, Internet Banking, Summit Bank Branches
  • Free Pay Order, Demand Draft, Call Deposit Receipt
  • Free Home Remittance Payments
  • Unlimited Free of Cost Transactions (over the counter and Summit Bank ATMs)
  • Free Dispatch of Account Statements (on half yearly basis)
  • Free Electronic Account Statements
  • Free Outward Clearing return Cheques (Charges as per SOC if returned due to insufficient funds)
  • Free Fund Transfer within Summit Bank via ATM, Website, and Branch Network
  • Free Expired Debit Card Replacement
  • Free Personal Accidental Insurance
  • Free ATM Cash Withdrawal Insurance
  • 24/7 Customer Care

*Terms and Conditions Apply

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Last Updated 2023-05-26

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