SAVING ACCOUNT DETAIL
Rainbow Savings Account
Highlights
Bank Karur Vysya Bank
Category Fixed Deposit
Minimum AQB
(Average Quarterly Balance)
Minimum balance to be maintained in Rainbow SB Account is Rs. 3000/-
Interest Rate 4%
Card Offered ATM cum Debit Card
VISA Debit cards
Main Features
  • A perfect blend of all the good features of a Savings Bank Account and a Fixed Deposit Account that offers "High liquidity with maximum returns".
  • Can be opened in the names of individuals singly / jointly / with either or survivor options
  • After retaining a minimum balance of Rs.3000/- in the SB portion of the account, amounts in multiples of Rs.5000/- will be swept out to FD portion for a period of 91 days at EOD every Monday.
  • In the event of honouring cheques issued in the SB account, sweep in into the SB account will be in units of Rs.1000/- in LIFO method.
  • Free Accident Insurance coverage of Rs.2.00 lakhs
  • At par collection of Dividend and Interest Warrants
 Fees & charges
 Services & Features
 Documents
 Nomination
 Terms & Conditions
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