Apply For Savings Account

Want to skip lengthy form? Just enter your Aadhaar Card number

Completed Profile

0%
Thank You

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,

when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Savings Account

Savings Account as the name suggests is primarily used for savings and pays moderate interest on your deposit with a bank or other financial institution. It gives quick access to money in times of need. It can be opened either individually or jointly and requires you to maintain a minimum balance. While choosing to open a savings a/c, one must check the customized services offered and the overall convenience of using the account like the accessibility of bank branches, etc.

Types of Savings Account

There is a myriad of different types of savings account, choosing the one that is a right fit for you is often a herculean task, here are a few of the common types offered by financial institutions.

  • Regular savings accounts

    A regular savings accounts can help you build your personal savings. It provides basic facilities such as cheque book, debit card, etc to the account holder.
  • Women’s saving account

    This is a customized account for women that offers exclusive deals and discounts on the same minimum balance as that of regular saving account.
  • Salary saving account

    This type of account is opened by companies for employees to credit their salary. There is no minimum balance requirement for 3 consecutive months atleast.
  • Senior citizens saving account

    This is for customers above 60 years of age who get exclusive privileges and benefits with higher interest rate.
  • Minor’s saving account

    This account is for minors below 18 yrs of age and is jointly opened in the name of guardian/parent with no minimum balance requirement.
  • Zero balance saving account

    There is no minimum balance requirement and no charges will be levied if there is no balance maintained in the account.
Features & benefits
  • The main purpose of savings account is to enable people to save money and earn modest interest on the same.
  • Most of the savings bank account requires you to maintain a minimum balance in the account, failing which some charges will be levied.
  • These are more suitable for salaried individuals as they have daily withdrawal limits and deposits not suitable for businessmen.
  • There are multiple savings account types to choose from as per your needs.
  • A nominal interest rate of around 4% is paid to savings account holders.
  • One nominee has to be appointed for savings account who will take care of assets in case of account holder’s demise.
Eligibility & Documents

Eligibility

To open a savings account with your desirable bank, you must fulfill the following conditions.

Nationality

You must be a resident individual or fall into Hindu Undivided Families (HUF) or a Foreign national residing in India. If you are a foreign national, you should obtain an undertaking in form QA 22 stating the sources.

Age

You must be aged 18+ to open an account. However, you can open an account as minor if you are below 18.

Documents Required

You must submit the following documents to open a savings account,

  • Age proof documents
  • Identity proof documents
  • Address proof documents
  • Signature Proof
  • Latest photographs

Along with these you may have to submit additional documents depending on the type of savings account you wish to open like,

  • Income proof documents
  • Senior citizen card
  • others
Interest Rates

You usually receive an interest rate of 4% to 6% on your savings account. The interest rate varies from bank to bank and also depends on the type of savings bank account you have.

  • Get Instant Customised Quotes
  • One Stop Solution for Different Products
  • Single Platform for Multiple Providers
  • Saves Time on Your Research
  • Easy, Quick and Hassle Free

List of Personal Loan providers in India

  • London
  • Leeds
  • Sheffield
  • Liverpool
  • Manchester
  • Birmingham
  • Glasgow
  • Bradford
  • Edinburgh
  • Bristol

Personal Loan by City

  • London
  • Leeds
  • Sheffield
  • Liverpool
  • Manchester
  • Birmingham
  • Glasgow
  • Bradford
  • Edinburgh
  • Bristol

Know more about Personal Loan

  • London
  • Leeds
  • Sheffield
  • Liverpool
  • Manchester
  • Birmingham
  • Glasgow
  • Bradford
  • Edinburgh
  • Bristol