IND Sampoorna Salary Package

The IND Sampoorna Salary Package (often referred to as the IND Sampoorna Savings Account) is a flagship premium banking product from Indian Bank. Specifically designed for the salaried class, this account bridges the gap between a traditional savings account and a comprehensive financial security tool by offering massive insurance covers, zero-balance facilities, and significant loan concessions.

Key Features and Variants of IND Sampoorna Savings Account

The account is categorized into different tiers, Platinum, Diamond, and Gold, based on your monthly gross salary. As your income grows, you can upgrade your variant to unlock higher benefits.

Core Banking Benefits

Zero Balance Account: No monthly average balance requirement for the primary account holder.
Family Inclusion: Complementary zero-balance savings account for the spouse and minor children.
Digital Freedom: Unlimited free NEFT, RTGS, IMPS, and UPI transactions through digital channels.
Personalization: Free personalised RuPay Platinum Debit Card with waived annual maintenance charges (AMC).

Industry-Leading Insurance Coverage

One of the standout features is the free Personal Accident Insurance and Group Term Life Insurance provided to the account holder.

Feature	Platinum Variant	Diamond Variant	Gold Variant
Accidental Death Cover	₹100 Lakhs	₹50 Lakhs	₹40 Lakhs
Air Accidental Death	₹100 Lakhs	₹100 Lakhs	₹80 Lakhs
Permanent Total Disability	₹50 Lakhs	₹50 Lakhs	₹40 Lakhs
Locker Rent Discount	25% (Small/Med)	20% (Small/Med)	20% (Small/Med)

Eligibility & Documentation of the IND Sampoorna Salary Package

Below is the eligibility criteria and documentation requirements for the Indian Bank savings account:

Target Audience

Permanent salaried employees of Central/State Government, PSUs, and Navaratna/Maharatna companies.
Employees of reputed private sector corporates and IT firms.

Note: Defense and Police personnel are usually excluded as they have separate specialized packages (e.g., IB Salaam).

Documents Required

Identity Proof: Aadhaar Card, PAN Card, or Passport.
Address Proof: Utility bills or Voter ID.
Employment Proof: Latest 3 months' salary slips or an appointment letter.
KYC: Recent passport-sized photographs.

Additional Perks of the IND Sampoorna Savings Account

Retail Loan Concessions: Waiver of up to 25% on processing fees for Home, Vehicle, and Education loans. There is also a 100% waiver for "IB Clean Loans."

Interest Rates: Benefit from a 0.10% concession on prevailing interest rates for retail loans during the first year.

Auto-Sweep Facility: Automatically move surplus funds above ₹50,000 into a fixed deposit (in multiples of ₹10,000) to earn higher interest while maintaining liquidity.

Travel & Leisure: Free Fastag (Platinum only) and lounge access benefits associated with the RuPay Platinum card.

Conclusion

The IND Sampoorna Savings Account is more than just a place to store your salary; it is a complete financial ecosystem. By offering up to ₹1 Crore in accidental insurance for free and waiving standard banking fees, Indian Bank provides exceptional value to the "Premium Segment" of India’s workforce. If you are a permanent salaried employee, migrating your existing account to this package is a smart move for long-term financial protection.

FAQs

What happens if my salary is not credited for a few months?

If a salary is not credited for three consecutive months, the account is typically downgraded to a regular savings account, and standard charges (like minimum balance penalties) will apply.