Savings Bank Account A savings account is a type of bank account designed for individuals, Hindu Undivided Families (HUFs), and other eligible entities to safely deposit and save their money while earning interest on the deposited funds. It provides customers with convenient access to their funds through withdrawal forms, cheques, ATM/debit cards, online and mobile banking. Savings bank account typically earns interest on the deposited funds on a daily product basis depending on the balance maintained. Customers are required to maintain a minimum balance in their savings accounts except for BSBD accounts. Savings accounts are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC), providing an added layer of protection to the deposited funds. Transaction limits may apply as per RBI guidelines.
Fixed Deposit Calculator Deposit Amount 1L 5Cr Tenure (Year) 1 15 Tenure (months) 1 12 Tenure (Days) 1 30 Interest Rates (In % p.a.): 6% 18% Total Amount will be 10000 Total Interest amount will be 1025
Requirement Minimum Amount - Rs 1000 with cheque book/ATM facility / Rs 500 without cheque book, Zero Balance in BSBD accounts. Nomination facility - Nomination facility is available only for the individual & joint accounts.
