New Delhi: DBS Bank India has launched a comprehensive banking program specifically for senior citizens aged 60 years and above. The program called ‘DBS Golden Circle’ aims to make banking easier and more convenient for Indian senior citizens. It also focuses on addressing the issue of financial planning and security for the elderly by offering special benefits and services like attractive interest rates and enhanced security features.
The senior citizens enrolled in the program will receive the following benefits:
- 7% interest rate per annum on savings accounts with a balance above Rs. 4 lakhs and up to Rs. 5 lakhs
0.50% interest rate on fixed deposits with tenures between 376 days to 540 days
Cyber insurance coverage of up to Rs. 1 lakh
No penalties for premature withdrawal of fixed deposits with a tenure of over 1 year
Lifetime free debit cards
Discount on locker rentals
Zero transaction fees for payment methods such as NEFT, RTGS
Unlimited free domestic ATM transactions
In addition, the program also provides a range of life insurance and healthcare products to choose from. These include health and wellness benefits, discounts on healthcare services and pharmacy, and extensive annual health check-ups.
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