Hamara Family Savings Account - Summit Bank

Hamara Family Savings Account

Fostering the bond that exists with its customers, and to better serve their financial needs, Summit Bank has come up with ‘Hamara Family Savings Account’ – a unique savings account offering superior returns and a host of free services.
As a trendsetter, Summit Bank brings a solution to assure parents of their commitment to their children. With more values, more expertise and more solutions, Summit Bank innovates a savings account that serves the entire family. Get your entire family to bank with Summit Bank, and enjoy vast privileges and unique benefits that go hand in hand with Summit Innovations.

Key Features

  • Grouped accounts for the family
  • Initial Investment Requirement-Rs.5,000/-
  • Minimum Balance Requirement-Rs.5,000/-
  • Attractive rates
  • Profit calculation on monthly average balance basis and disbursement on monthly basis.
  • Additional semi-annually bonus *
  • Up to five debit cards (Charges as per SOC)
  • Minors can make purchases and withdraw cash at ATMs via the Debit Card

Value Added Features

  • SMS alerts
  • Mobile Balance Recharge
  • Debit Cards
  • Internet Banking
  • Free Outward Clearing return Cheques (Charges as per SOC if returned due to insufficient funds)
  • ATM Cash Withdrawal Protection Insurance
  • Personal Accidental coverage
  • Utility Bill Payment through SMS/ATMs/Internet
  • Intra-Bank Fund Transfer
  • Lockers

The customer ID of the primary account holder will be the family ID. The Primary account holder CANNOT be a minor. Minimum 2 and maximum 5 members can be grouped under a single Family Savings Account.

*(Additional 1% (or as per applicable rack rate sheet) will be given if average 6 monthly balance is maintained at Rs. 100,000/- collectively on all family account).

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Last Updated 2023-05-26

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