Special features of Udara

	A minimum initial deposit of Rs. 5,000/-
	A 1% higher interest rate over ordinary Savings Accounts. Interest paid monthly.
	A 2% higher interest rate over ordinary Savings Accounts upon reaching the age of 70. Those opening Udara Seniors' Accounts at 70 years or above, are automatically entitled to this higher rate of interest.
	1% more on the published 1 year Fixed Deposit rate.
	A special Entitlement Card, enabling the Udara account holder to enjoy a number of concessions and facilities offered under this scheme.

Special facilities and concessions

	Priority service for Udara account holders at all Commercial Bank branches.
	Access to the special Lounge and Reading Room at the Reid Avenue branch.
	Membership of Medi-calls at a concessionary rate.
	Discounts on medicines purchased from the in-house pharmacy at Reid Avenue and at selected pharmacies in the outstations.
	Special discounts at selected Nursing Homes.
	Concessions on purchases of orthopedic equipment from Walk Rite.
	Free CAT card.
	Free telephone and Internet banking facilities ( Only the annual fee would be payable)
	A ComBank International Credit Card depending on the needs and the income of the account holder ( No joining fee. Only the annual fee). ^ Top

1. Business relating to Udara Savings Accounts will be conducted by the Bank during normal business hours.

2. The minimum deposit required to open an account is Rs. 5,000/-. There are no limitations on subsequent deposits.

3. The Bank reserves the right to convert any Udara Savings Account which carries less than the required minimum balance of Rs. 5,000/- to an ordinary Savings Account. Such converted accounts will be governed by the rules applicable to ordinary Savings Accounts.

4. Cheques / Drafts which are not drawn favouring the Bank and money orders etc., will be accepted to the credit of Udara Savings Accounts only at the discretion of the Bank.

5. On eligible accounts interest will be calculated on the daily balance and credited monthly. Rate of interest applicable would be higher than the rate applicable to ordinary Savings Accounts.

6. Each Udara Pass Book Savings Account holder will be issued with a Pass Book, the safety of which will be the account holder's responsibility. The Bank must be notified without delay if the Pass Book is lost, stolen or misplaced.

7. The amounts deposited and withdrawn will be recorded in the Pass Book by the Bank. Account holders should examine Pass Books carefully before leaving the Bank and satisfy themselves that the entries made therein are correct. Any discrepancy must be notified to the Bank immediately.

8. Pass Book should be presented at least once in every six months to have all transactions recorded therein. Transactions beyond three years will not be available for recording in the passbook.

9. The Bank reserves the right to mail, at its discretion, statement of transactions not recorded in the Pass Book.

10. With regard to Udara Statement Savings Accounts, a statement of transactions will be issued once in every 3 / 6 / 12 months as decided at the time the account was opened. Account Holders should verify the correctness of transactions recorded in the statement and the Bank should be notified of any discrepancy without delay.

11. Withdrawals can be made by the Account Holder from the ATM or at the Bank counter upon the production of the Pass Book and a correctly completed withdrawal form. When making over-the-counter withdrawals, Statement Savings Account holders should produce their ATM card together with the correctly completed withdrawal form.

12. Any payments made by the Bank upon the production of the Pass Book and a correctly completed withdrawal form shall have the same effect as if made to the Account holder personally.

13. The Bank reserves to itself the right to alter or add to these rules at any time.