1. What is the difference between Super Chamatkarik Bidhyarthi Bachat Khata (SCBBK) and Chamatkarik Bidhyarthi Bachat Khata(CBBK)?

The super Chamatkarik Bidhyarthi Bachat Khata differs from Chamatkarik Bidhyarthi Bachat Khata in terms of Insurance coverage.

2. What type of account it is?

It is a saving nature account with interest rate of 6.5% p.a. with subject to change from time to time as per the published interest rate of the Bank.

3. Whether Joint Account can be opened under SCBBK?

Yes. Only up to two persons.

4. What is the minimum balance to be held in the account?

The minimum Balance to be held in the account is NIL.

5. Who can open this account?

Student having valid student identity card with age of 18 years and above can open account under this scheme.

6. What are the various features of account?

Basis

Features

Minimum Balance

NIL

Interest Rate

6.50% p.a. (Subject to change from time to time as per the published interest rate of the Bank

Visa Card

Free for the first year and as per STC thereafter

Internet Banking

Free for the first year and as per STC thereafter

Mobile Banking

Free for the first year and as per STC thereafter

Accidental Death Insurance/Permanent disability

4 times of monthly average balance or 25 lakhs whichever is lower.

Free top up

Free top up worth Rs 100 directly to the account on activation of Mobile Banking Facility

Cheque Book and Account Statement

Free on demand

ABBS

Free up to 500K per day

Education Loan Facility

Interest Rate: BR + up to 3%

All relevant terms shall be as guided by PPG on Retail Loans

7. What are the documents required for this account opening?

Copy of Valid Student ID Card, Copy of citizenship certificate, Two passport size photos

8. Whether Medical insurance is available under SCBBK?

No.

9. Whether critical illness insurance coverage is available under SCBBK?

No.

10. In what proportion insurance claim is divided in case of joint account under SCBBK?

Insurance benefit is divided into proportionate basis (50:50)