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Standard Chartered Savings Accounts

Standard Chartered Bank Savings Account

Last Updated 15th Jan 2021

  • Standard Chartered Bank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in Standard Chartered Bank is NIL.
  • You can get high returns up to 3.50% on a savings account.
  • Open instant Standard Chartered Bank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in Standard Chartered Bank.
Apply for Savings Account

Standard Chartered Savings Account

Standard Chartered Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of Standard Chartered Savings Account

Benefits of Standard Chartered Bank saving Account are as follow:

  • Standard Chartered Bank offers an interest rate on saving account in the range of 0.50% to 3.50%.
  • Balance requirement for Standard Chartered Bank savings account is NIL.
  • An individual can transfer the Standard Chartered Bank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • Standard Chartered Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • Standard Chartered Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

Standard Chartered Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
2-in- 1 AccountRs. 50,0004.00% - 4.00%--
3-in- 1 AccountSavings Account: Rs. 5,000; Enhanced Savings Account : Rs. 25,0004.00% - 4.00%--
Basic Banking AccountNIL0.50% - 3.50%None
Aasaan AccountNIL4.00% - 4.00%None
aXcessPlus AccountNIL4.00% - 4.00%None
Employee Banking Account4.00% - 4.00%--
eSaver Plus Saving Account4.00% - 4.00%--
Parivaar AccountRs. 25,000 per quarter4.00% - 4.00%--
SuperValue AccountRs. 50,0004.00% - 4.00%--

Standard Chartered Savings Account Products

Standard Chartered offers multiple savings account products for different purposes. Some of the popular products of Standard Chartered savings are:

2-in- 1 Account

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

Key Features:

  • 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

Eligibility:

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

3-in- 1 Account

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

Key Features:

  • 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

Eligibility:

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

Basic Banking Account

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

Key Features:

  • Phone banking, online banking, locker facility

Eligibility:

  • This account is for resident Indians of 18 years of age and above can open a sole or joint account.
  • In addition, HUF and foreign nationals can also open a basic savings account with Standard Chartered Bank.

Aasaan Account

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

Key Features:

  • Phone banking, online banking, locker facility

Eligibility:

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

aXcessPlus Account

This account provides you easy aXcess to your cash.

Key Features:

  • 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

Eligibility:

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

Employee Banking Account

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

Key Features:

  • 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

Eligibility:

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

Parivaar Account

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

Key Features:

  • 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

Eligibility:

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

Standard Chartered Savings Account Nomination Plan

Standard Chartered Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. Standard Chartered savings account provides the nomination facility in all the savings products.

Standard Chartered Savings Account Welcome Kit

Standard Chartered Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Top Applications Offering UPI Facility

Standard Chartered Savings Account Helpline

Individuals can call Standard Chartered Bank’s 24X7 helpline number 011-39404444 / 011-66014444, which is accessible from all landlines and mobile phones in the country.

Open saving account with Other Banks online

FAQs

Can I open Standard Chartered bank account online?

Standard Chartered Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an Standard Chartered savings account?

Minimum balance requirement differs with Standard Chartered Bank saving account products. The minimum balance required to open a Basic Banking Account in Standard Chartered Bank is NIL.

Which saving account is best in Standard Chartered?

There are various savings account products offered by Standard Chartered Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open Standard Chartered account with zero balance?

The minimum balance requirement to open a savings account with Standard Chartered Bank is NIL. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.


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