Account Transaction Ratio
For every transfer made we require a small amount of money to pay for the charges of the transfer. But transfer made between wallets in our bank is free of charge. We do no not deduct money from costumer account due to Security and Privacy Policy of our Institution, that is why the customers joining our banking system always intend to stay with our service. Our Customer base is fast growing.
| Amount | Ratio | Amount Ratio |
|---|---|---|
| $100-$500 | 1.0% | $1-$5 |
| $501-$1000 | 3.0% | $15-$30 |
| $1001-$5000 | 4.0% | $40.04-$200 |
| $5001-$10,000 | 5.0% | $250.05-$500 |
| $10,001-$100,000 | 5.1% | $510.051-$5,100 |
| $100k-$1m | 1% | $1000.01-$10,000 |
| $1.1m-+ | 0.8% | $8,800-+ |
About Block Accounts
The second type of bank account is the current bank account. These accounts are not used for the purpose of savings.
Some important pointers related to the current bank account have been discussed below:
- This type of bank account is mostly opened by businessmen. Associations, Institutions, Companies, Religious Institutions and other business-related works, the current account can be opened
- There is no fixed number of times that money can either be deposited or withdrawn from such accounts
- Internet banking is available
- This type of bank account does not have any fixed maturity
- Overdraft facility is available for current bank accounts
- There is no interest that is paid on such accounts
- we charge $9800 to obtain this account
- first two transactions done will be charge free from the next we will charge 0.01% of the total amount
As the name suggests, the savings accounts can be opened by an individual or jointly by two people with an aim to save money. The main benefit of opening a savings bank account is that the bank pays you interest for opening this type of account with them. Given below are a few features of the Savings account:
- There is no limit to the number of times the account holder can deposit money in this account but there is a restriction on the number of times money can be withdrawn from this account.
- The rate of interest that an account holder get varies from 4% to 6% per annum
- There is no minimum balance that needs to be maintained for this type of an account
- The savings account holders can get an ATM/Debit/Rupay Card if they want to
- Savings bank account is further divided into two types: Basic Savings Bank Deposit Account (BSBDA) and the other one is Basic Saving Bank Deposit Accounts Small Scheme(BSBDS)
- The savings bank account is mostly eligible for students, pensioners and working professionals
- We charge $1500 to obtain this account
Salary Account is an account to which your salary gets credited. Usually, banks open these accounts on request of corporations and major companies. Each employee of the company gets their own Salary Account which they are required to operate on their own. When the time comes for the company to pay its employees, the bank takes the money from the company’s account and then distributes it to the employers accordingly. So, what exactly is the difference between a Savings Account and a Salary Account?
- Purpose: While a Salary Account is usually opened with the purpose of an employer crediting the salary to the employee, a Savings Account is opened to deposit money for the purpose of holding or saving it with the bank. Both Savings and Salary Accounts can be opened as an Insta Account.
- Minimum Balance: Requirement Salary Accounts usually don’t come with a minimum balance requirement, while banks require that you maintain a certain amount of minimum balance in your Savings Account. If you open an Instant Saving Account, you can use even the Saving Account without requiring a minimum balance for up to a year.
- We charge $3500 to open this account
- Your first two transaction is free of charges and from the third we charge 0.8% of the total amount
