Does South Indian Bank have zero balance account?

The Standard Group Salary Savings Account gives the customers access to free outward NEFT or RTGS transactions up to Rs. 10,000 in a month, free internet banking and 35 free cheques each year. The Smart Group Salary Savings Account is a zero-balance account.

Does SIB have zero balance account?

Salient Features of SIB Insta: Paperless Instant Account Opening. Choose your preferred branch. No minimum balance penalty for 6 months.

Which bank is best for zero balance account?

Latest Interest Rate for Zero Balance Savings Account

Bank Name of zero-balance savings account Interest rate
Standard Chartered Bank Basic Banking Account 0.5% to 4.90%
HDFC Bank Basic Savings Bank Deposit Account 3.50% to 4%
Axis Bank Basic Savings Account 3.50% to 4%
ICICI Bank Basic Savings Account 3.50% to 4%

How can I open a savings account in South Indian Bank?

SALIENT FEATURES OF BASIC SAVINGS BANK DEPOSIT ACCOUNT

Job card issued by NREGA duly signed by an officer of the State Government and the letters issued by the Unique Identification AuthorityofIndiacontainingdetails of name, address and Aadhaar number are sufficient proof of KYC.

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Which all banks provide zero balance account?

List of Banks Providing Zero Balance Savings Account

  • State Bank of India (SBI) Zero Balance Savings Account.
  • RBL Bank Zero Balance Savings Account.
  • HDFC Bank Zero Balance Savings Account.
  • IndusInd Bank Zero Balance Savings Account.
  • Bank of Baroda Zero Balance Savings Account.
  • Kotak Mahindra Zero Balance Savings Account.

What is minimum balance in SIB?

South Indian Bank Minimum Balance Requirement

Savings Account Type Average Monthly Balance Requirement
SIB Ruby Rs.25,000
SIB Elite Senior – SIB Mahila Elite Urban/Metro Branches: Rs.5,000 Semi-Urban/ Rural Branches: Rs.2,500
Mahil Delight Account Urban/Metro Branches: Rs.5,000 Semi-Urban/ Rural Branches: Rs.2,500

Which bank account is best in India?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.

Is HDFC zero balance account available?

A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits. … HDFC Bank zero balance savings bank account holder is entitled to receive a free passbook, free cash and cheque deposits at all branches and ATMs.

What is the minimum balance charges in HDFC?

Minimum Balance Requirements

Balance Non-Maintenance Charges*
AMB Slabs (in Rupees) Metro & Urban Semi Urban
>=5,000 to < 7,500 Rs. 300/- NA
>=2,500 to < 5,000 Rs. 450/- Rs. 150/-
0 to < 2,500 Rs. 600/- Rs. 300/-

Which online bank account is best?

Best Online Savings Account 2020

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Best Online Savings Bank Account 2020
Account Name Interest Rate (up to Rs. 1 lakh) % p.a.
Kotak 811 Savings Account by Kotak Mahindra Bank 3.50%
IndusInd Online Savings Account by IndusInd Bank 4.00%
Digital Savings Account by Standard Chartered Bank 3.00%

Which digital bank is best in India?

Top Digital Savings Bank Accounts in India

  • SBI Digital Savings Account.
  • Kotak Mahindra 811 Digital Savings Account.
  • Axis Bank Digital Savings Account.
  • DBS Digital Savings Bank Account.
  • YES BANK Digital Savings Account.
  • HDFC Bank Digital Savings Account.
  • RBL Bank Digital Savings Account.

What is the minimum balance in SBI?

In March this year, SBI had announced that it will waive charges for non-maintenance of average monthly balance (AMB) for all savings bank accounts. Earlier, SBI savings bank customers had to maintain average monthly balance of ₹3000, ₹2000 and ₹1000 in metro, semi urban and rural areas respectively.

What is the minimum balance in Indian bank?

Overview of Indian Bank Savings Bank

Bank Indian Bank
Initial Deposit Requirements Nil
Minimum Amount Minimum amount for non-cheque operation is Rs.250/- Minimum balance for cheque operation is Rs.500/- Pensioners and bonafide students may have lesser minimum balance
Debit Card Offered Free ATM cards/Debit cards provided

What is minimum balance in Axis Bank?

Axis Bank Minimum Balance Requirements

The minimum balance amount ranges from as low as Rs. 2,500 to Rs. 1,00,000/-.

Which bank account is best for students?

Best Student Bank Accounts as of August 2021

  • Best Overall: Chase Bank College Checking Account.
  • Best For High School Students: Capital One MONEY Account.
  • Best For Encouraging Saving: Bank of America Advantage Banking.
  • Best Fee-Free Account: Discover Cashback Debit Account.
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Which bank is better for savings account?

Compare & Apply for Best Savings Account Online

Savings Account Interest Rate Minimum Balance Requirement
ICICI Bank Regular Savings Account Up to 3.50% p.a. Rs. 10,000
IndusInd Bank Savings Account Up to 5.50% p.a. Rs. 1,00,000
Yes Bank Regular Savings Account Up to 5.25% p.a. Rs. 1,00,000
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