Standard Chartered Saving Account

Last Updated 08th Jan 2019

Standard Chartered Bank Savings Account Interest Rate India Jan 2019

Standard Chartered Bank Basic Banking Account
Interest Rate Upto Rs. 100 Cr : 4.00%
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Minimum Account Balance Nil
  • Phone banking, online banking, locker facility

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Standard Chartered Online Saving Account

Standard Chatered is India's largest international bank with 99 branches in 42 cities, and operating here since 1858. It has built our products and services around the customers and have a number of commitments to help ensure that the customer have the best possible experience.

Saving Account in Standard Chartered – Benefits

You get the following benefits while opening Savings Account with Standard Chartered

Nomination facility Yes
Passbook facility Yes
Chequebook facility Yes
Issuance of Debit Card Yes
Internet Banking Yes
Mobile Banking Yes
Fund Transfer Yes
DD Pay Orders Yes

Standard Chartered Saving Account – charges

Balance non maintenance charges : None

Standard Chartered Savings Account

Standard Chartered Bank offers an interest rate of 4.00% - 4.00% p.a. Standard Chartered Bank also offer accounts to meet the specific requirements of salaried, women, kids and senior citizens.

Product Name Minimum Age Minimum Balance Required
2-in- 1 Account 18 years Rs. 50,000
3-in- 1 Account 18 years Savings Account: Rs. 5,000; Enhanced Savings Account : Rs. 25,000
Basic Banking Account 18 years Nil
Aasaan Account 18 years Nil
aXcessPlus Account 18 years Nil
Employee Banking Account 18 years N.A
eSaver Plus Saving Account 18 years N.A
Parivaar Account 18 years Rs. 25,000 per quarter
SuperValue Account 18 years Rs. 50,000

Standard Chartered Savings Account Products

2-in- 1 Account

Earn high interest rates like a fixed deposit but also get the flexibility of a savings or current account.

This account is for resident Indians of 18 years of age and above

Features of 2-in- 1 Account

  • Offers you the same rates of interest as a fixed deposit account
  • Following two initial deposits totaling Rs. 60,000, you can save in multiples of Rs. 1,000
  • A 25 percent discount for all customers maintaining the Rs. 50,000 average quarterly balance
  • Links your Term Deposits to your Savings Account by default, which means should you experience a shortfall in your savings, funds will be automatically swept in from the linked Term Deposits, ensuring you enjoy both liquidity and higher returns

3-in- 1 Account

This account is linked with Demat and broking services from Standard Chartered Securities.

This account is for resident Indians of 18 years of age and above

Features of 3-in- 1 Account

  • First year fee waiver for the Platinum or ShopSmart Debit Card
  • 25 percent waiver on locker charges
  • Savings Account linked with Demat and broking services from Standard Chartered Securities. All 3 accounts can be opened using a single account form

Debit Card Offered : International Debit Card

Basic Banking Account

Simple banking with no frills, low maintenance, easy solution for all your needs.

This account is for resident Indians of 18 years of age and above

Features of Basic Banking Account

  • Phone banking, online banking, locker facility

Balance Non Maintenance Charges : None

Aasaan Account

A low maintenance, easy solution for all your banking needs.

This account is for resident Indians of 18 years of age and above

Features of Aasaan Account

  • Phone banking, online banking, locker facility

Balance Non Maintenance Charges : None

aXcessPlus Account

This account provides you easy aXcess to your cash.

This account is for resident Indians of 18 years of age and above

Features of aXcessPlus Account

  • Free cash withdrawal facility at any VISA ATM in India with aXcessplus account
  • Enjoy up to 2 free demand drafts or pay orders drawn
  • Free multi city cheque book when you maintain the minimum required average quarterly balance
  • Phone banking, online banking, locker facility

Debit Card Offered : International debit card

Balance Non Maintenance Charges : None

Employee Banking Account

Banking facility that allows you to streamline your salary payments from home or at work.

The organization must have a minimum of 30 employees and an average salary per account of Rs. 20,000 per month

Features of Employee Banking Account

  • Preferential pricing on credit cards, loans and other complementary banking products and services
  • Receive free demand drafts and pay orders payable at any Standard Chartered bank
  • Efficient salary disbursals

Debit Card Offered : Platinum Debit Card with 5 per cent cash back

eSaver Plus Saving Account

This account is for resident Indians of 18 years of age and above

Features of eSaver Plus Saving Account

  • Automatically create term deposits when your balance rises above a specified amount
  • Set a threshold value, beyond which funds are automatically transferred to linked term deposits
  • Choose from a fixed tenure between 9 days and 1 year, giving you total flexibility
  • All newly created term deposits renew automatically for principal and credit interest
  • Saving account linked with TDs having auto sweep in or sweep out facility

Parivaar Account

A flexible, convenient family savings account for wealth accumulation and preservation.

This account is for resident Indians of 18 years of age and above

Features of Parivaar Account

  • Your family can maintain individual savings accounts with a bundled balance in one group account
  • Your spouse, parents, parents in law, siblings and children can be included in the Parivaar Account

SuperValue Account

This account is for resident Indians of 18 years of age and above

Features of SuperValue Account

  • Helps you transfer funds between banks easily
  • Multi city banking
  • Phone banking, online banking, locker facility

Documents Required

Standard Chartered Bank requires the following documents to open a Savings Account

  • Signed application form
  • Income Tax PAN Copy
  • Identity Proof: Driving License, PAN, Passport VoterID
  • Address Proof: Utility Bill, Property Tax Bill. Any other ID and address proof issued through a competent authority are also valid

Frequently Asked Questions on Standard Chartered Bank Savings Account

How much interest is charged by Standard Chartered on Savings Account?

Standard Chartered offers an interest rate of 4.00% to 4.00% on Savings Account.

What is the minimum amount required for opening Savings Account in Standard Chartered Bank ?

The minimum amount required for opening Savings Account in Standard Chartered is Nil.

What are the balance non - maintenance Charges on Standard Chartered Savings Account?

The Balance Non Maintenance Charges on Savings Account by Standard Chartered are None.

How does Standard Chartered calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by Standard Chartered Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

Does Standard Chartered Bank offer Debit card to the account holder?

Yes, various debit cards are offered, differing according to the product. Some of the popular savings account products of Standard Chartered Bank with the type of debit card offered are listed in the table below.

3-in- 1 AccountInternational Debit Card
aXcessPlus AccountInternational debit card
Employee Banking AccountPlatinum Debit Card with 5 per cent cash back

Interest rate on all SBI deposits products listed in the table above is 4.00% to 4.00%

What is the eligibility criteria to open a savings account in Standard Chartered Bank
  • This account is for resident Indians of 18 years of age and above
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