Prime Savings Account
Premium Classic Debit Card offering complimentary Insurance cover up to INR 2.5 lakhs.
Your transactions are so much more simple and more convenient with this premium Savings Account. Avail one free payable-at-par cheque book per quarter. Also, enjoy simple and hassle-free internet, mobile, and ATM-based banking.
Access variety of investment/insurance products and services with this savings account. Avail attractive Fixed Deposit rates to aid in the growth of your funds. Wide range of savings account variants to suit your requirements.
Classic Debit Card
Increased daily cap - POS spend limit: INR 1 lakh; ATM withdrawal: INR 50,000.
Annual fees of just INR 250.
Various insurance options and advantages up to INR 2.5 lakhs.
Below mentioned is the list of documents: PAN Card, Aadhaar Card, Passport, Utility bills like landline telephone, electricity, or post-paid mobile. The bills should be under two months old, MNREGA Card, ID card issued by Central or State Government Departments, and bank statement of the past three months.
Following RBI regulations, interest is calculated daily balance-based, or on the balance of the account at the end of each day. Every four months, or every quarter, it is credited to your account.
The income received on bank deposits is exempted by the IT Department up to Rs. 10,000. Any sum over this is added to your income, and your total taxable income determines how much tax you owe.
Yes. You can register a joint account with your partner, sibling, and even a minor child.
You can, indeed. All ATMs and retail locations that accept MasterCard accept your Titanium Debit Card.
According to RBI regulations, an account is deemed dormant if there are no deposits, withdrawals, or other transactions made over two years. In that case, you will need to contact the bank to reactivate the account.
***Savings Account Interest Rates
|Daily balance||Rate of Interest (p.a.) w.e.f. August 21, 2023|
|Upto INR 1 lakh||4.25%|
|Above INR 1 lakh upto INR 10 lakh*||5.50%|
|Above INR 10 lakh upto INR 25 lakh*||6.00%|
|Above INR 25 lakh and upto INR 2 Crore*||7.50%|
|Above INR 2 Crore and upto INR 3 Crore*||7.00%|
|Above INR 3 Crore upto INR 7.5 Crore*||6.50%|
|Above INR 7.5 Crore upto INR 25 Crore*||6.25%|
|Above INR 25 Crore upto INR 50 Crore*||6.25%|
|Above INR 50 Crore upto INR 100 Crore*||5.25%|
|Above INR 100 Crore upto INR 200 Crore*||6.00%|
|Above INR 200 Crore upto INR 400 Crore*||4.00%|
|Above INR 400*||6.75%|
* On daily balances in excess of INR 1 Lakh
With effect from April 1, 2016, the periodicity of payment of interest on Savings Bank Account has been changed to quarterly. Accordingly savings Bank interest calculated on daily product basis will be paid at quarterly intervals on 30th June, 30th September, 31st December & 31st March each year.
To understand the interest calculation with an example click here.
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