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Employee Banking

Employee Banking

In the process of enhancing value added products, Prabhu Bank has launched a scheme as ‘Employee Banking’ which is designed for payroll management of the various organizations which may be governmental or non-governmental institutions, firms, companies, corporate/business houses, NGO/INGOs, schools/colleges/universities, hotel/restaurants etc which are operating in a formalized way across the country.

Under this scheme, bank will offer various facilities in a package with discounted charges to the employees as per below:

S.N. Service Offers
1 Initial deposit (minimum balance) Nil
2 DMAT account opening charge Free
3 Account Closing Charge Free
4 Cheque Book (any branch) Free
5 ABBS Charge (upto 1 million) Free
6 Standing instruction (per instruction) Free
7 Balance Certificate Free
8 Cheque certified as Good for payment Free
9 Account Statement Free
10 Online Banking (e-banking) Registration Free
11 Cheque Stop Payment Free
12 Draft Issuance Commission 50% discount in standard charge
13 Travel Card Issuance 50% discount in standard charge
14 Mobile Banking Registration 50% discount in standard charge
15 Debit Card Issuance 50% discount in standard charge
16 Locker (subject to availability) 50% discount in standard charge


Additional Service Offer
Accidental Insurance up to Rs 1 million (Salary Savings Accountholder)* Free
Medical Insurance up to Rs 100 thousand (Salary Savings Accountholder)* Free
Credit Card, limit up to 1.5 times of monthly gross salary or Rs 300,000 whichever is lower (subject to approval) 1/3rd of Joining Fee
Personal/Professional Loan up to Rs 1.5 million (subject to approval) Preferential Rate as communicated from time to time