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Teemane Savings Bank Deposits

Announcements

Bank of India sets its foot prints in Botswana.

Bank of India launches its fully owned subsidiary.

Bank of India (Botswana) Ltd. opens its branch in Gaborone on 9th August, 2013.

Exchange Rates

Teemane Savings Bank Deposits

The Teemane Savings Bank Deposits is ideal deposit for those customers who wish to save on various charges. The facility of linking this account with Star Flexi Savings Account enables the customer to earn more interest on their deposits for various periods. The key features of the product are :

Who can Open? Individuals, Group of Individuals, Associations, Trusts, Societies, Corporate Entities, etc.
Account to be opened in (currencies) BWP
Minimum Balance (With Cheque Book) P10000
Minimum Balance (Without Cheque Book) P10000
Provision for Flexi Deposit Star Flexi Savings Deposit
Sweep out from S/B Account every day P1000
Sweep in to S/B Account whenever balance is below P10000 P1000
Interest Rate(s) As per the interest rate for SB A/cs
Calculation of Interest MONTHLY
Payment/Recovery of Interest MONTHLY
Joint Account Operations Permitted
Operational Instructions Flexibility to be provided for Custom Made instructions
Fees and Charges

 

Minimum Balance Charges

P10

Cash Deposit Charges

(5 free cash deposits per month)
25t per P100;Max.P30 per deposit

Cash Withdrawal Charges

(2 free cash withdrawls per month)
40t per P100; Max. P30 per withdrawl

Account Closure Charges

P20

Cheque Book Charges (per 20 Leaves)

First 20 leaves free
P20

Stop Payment Charges

P20

Issue of Monthly Statement

Free

Interim Statement

P3

Leger Folio Charges

Free

Monthly Account Maintenance Charges Bal. Above BWP25000: NIL
Bal. Below BWP25000: 10
Remittance charges As per schedule of charges
Standing Instruction Charges P5 per instruction (Other than RD A/c)