Is chargeable debit card compulsory or optional for availing 7% saving account?

Please let me know if the physical debit card which is chargeable optional for availing the 7% interest rate benefit.

If no, are there ways to get the annual fees waived off (post first year)?
Like, maintaining some balance, conducting minimum number of transactions etc.

Hi @Shyam_Sunder ,

(1/2) You need to be a full KYC customer to maintain a balance above 1 lakh (On whic 7% is applied) ,having said that once your KYC is completed the card is delivered to you as per the process, so the answer would be yes!

(2/2) We are working around the same to waive off the annual charges on basis of certain criterias.

Stay tuned for further updates.
Cheers!
Bansari

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