As per RBI guidelines, customers with existing credit facilities within the banking system can open a collection account basis their eligibility.

• Automated fund transfer to the primary lending bank through NEFT/RTGS. 
• No minimum average balance requirement. 
• Monthly free Cash Deposit - 10 times of the previous month’s MAB (Monthly Average Balance).
• Collection of funds through various modes like NEFT/RTGS/IMPS, etc. 
• View access in Internet Banking.
• Cheque book and debit card facilities are not available.

T&C apply