INSUBCONTINENT EXCLUSIVE:
Savings account interest rates: State Bank of India (SBI) offers up to 4%; Suryoday offers up to 7.5%.
Leading banks of the country such as State Bank of India (SBI) are also among the
However, small finance banks such as Suryoday, Fincare Small Finance Bank and AU Small Finance Bank offer banking services to the
under-banked people of the society including farmers, small business men - essentially, the ones who may not have an easy access to formal
lending, but still require the credit and banking services
Interestingly, interest rates offered on fixed deposits (FDs) of these banks are higher than those of large banks such as SBI, but the
former are still not among the first choice of depositors.Given below is a comparison among savings bank accounts of State Bank of India
(SBI), Suryoday, AU Small Finance Bank and Fincare Small Finance Bank:Savings bank accounts of State Bank of India (SBI)SBI, the largest
lender of the country, offers safe deposit lockers (as per availability), nomination facility and SMS alerts and e-statement facility to its
savings bank account customers, according to its website, sbi.co.in
It also offers internet, mobile and missed call banking facilities to its customers.Interest rates on savings bank accounts of SBISr
No.ParticularsRate of Interest1Saving Deposits Balance upto Rs
1 crore.3.50% p.a2Saving Deposits Balance above Rs
1 crore.4.00% p.aSavings bank accounts of SuryodaySuryoday requires a minimum average balance of Rs 2,000 to Rs 1,00,000 across various
types of savings bank accounts that it offers, stated the bank on its website, suryodaybank.com
The daily ATM withdrawal limits vary between Rs 20,000 to Rs 1,00,000 across the various types of savings bank accounts.(: Five Post Office
Saving Schemes With Over 7% Interest Rates)Interest rates on savings bank accounts of SuryodayDaily Closing Balance Slabs (Domestic)% rate
per annum*Up to and including Rs
1 Lakh up to including Rs
10 Lakhs7.00%Savings bank accounts of AU Small Finance Bank"Each variant in our savings account offering represents our philosophy aims to
cater to a differentiating and significant demographic aspect of one's life
Whether you are yet to begin your savings journey or are retired from work, whether you are a salaried individual or professional, whether
you are a student or an ambitious woman pursuing her dreams, we ensure that we, at AU Bank, genuinely add value to your banking experience!"
states he bank's website, aubank.in.Interest rates on savings bank accounts of AU Small Finance BankSavings Account Amount slabRate of
Interest applicable (per annum)Savings Account balances less than INR 1 Lac5.00%Savings Account balances from INR 1 Lac to less than INR 10
Lacs6.50%INR 10 Lacs above Savings Account balances*6.75%(: Bank Fixed Deposits Vs Corporate Fixed Deposits: Interest Rates, Taxation,
Risks)Savings bank accounts of Fincare Small Finance BankFincare Small Finance Bank stated on its website fincarebank.com that its customers
can enjoy interest benefits every month through monthly interest payouts
Instant account opening and attractive offers on debit cards are among the other benefits of savings bank accounts with Fincare Small
Finance Bank.Interest rates on savings bank accounts of Fincare Small Finance BankSlabInterest Rates (% p.a)Up to and including Rs 1
lakh6%Above Rs 1 lakh7%Small finance banks offer interest rates of up to 9 per cent on fixed deposit accounts as compared to fixed deposit
interest rates of larger rivals like SBI, Punjab National Bank, ICICI Bank, HDFC Bank and Axis Bank.
