comparative study of savings account of hdfc rbl sbt
DESCRIPTION
savings account in a bank benefits and comparative studyTRANSCRIPT
Comparative study of Savings Account
Of
HDFCRBL
State Bank of TravancoreShradha
SakshiDhruvUdayKunal
CONTENTS
Definition of savings accountTypes of saving accountsBenefits of a savings accountPointers to be consideredComparative study Some deciding factorsConclusion
What is a SAVINGS a/c
Savings bank accounts are meant to promote the habit of saving among people while allowing them to use there funds when required
It is a deposit account held at a bank that provides High liquidityPrincipal security moderate interest on savings
Types of savings a/c offered by a bank
REGULAR SAVINGS ACCOUNTBasic savings bank deposit accountKids advantage accountFamiliy savings accountSenior citizens’ savings accountKisan savings accountWomen savings account
Here’s why it is the best a/c type for an individual
Safety
Earn interest
Record keeping
Withdraw money easily
Things to consider while opening a savings account
Interest rates Minimum quarterly balance Charges of non maintaining
minimum balance Fixed deposit rates Transactions at non bank
ATMs Branch Network ATMs Additional facilities
Let us now compare these three banks on the basis of these factors and find
out which bank should one prefer
State Bank of Travancore
Interest rates 4.00% 6.00%* 4.00%
Minimum QuarterlyBalance
Rs. 10,000 Rs. 2,500 Rs.1,000
Charges of non-maintaining minimum balance
Rs.5,000-Rs.10,000-Rs.250/- per month Less than Rs.5,000-Rs.350/- per month
Rs. 75/- per month
Rs. 226/- per quarter
Debit card Rs. 100/- per year
Rs. 200/- per year
Rs.50/- per year
Transanctions at non-bank ATMs
5 free per month
5 free per month 5 free per month
Branch Network 3,336 150 777
ATMs 11,473 290 287
Interest rates 4.00% 6.00%* 4.00%
Minimum QuarterlyBalance
Rs. 10000 Rs. 2500 Rs.1000
Charges of non-maintaining minimum balance
Rs.5000-Rs.10000-Rs.250/- per month Less than Rs.5000-Rs.350/- per month
Rs. 75/- per month
Rs. 226/- per quarter
Debit card Rs. 100/- per year
Rs. 200/- per year
Rs.50/- per year
Transanctions at non-bank ATMs
5 free per month
5 free per month 5 free per month
Branch Network 3,336 150 777
ATMs 11.473 290 287
HavingEdge Over Others..
Wide array of savings accounts to find one that matches your needs.Wide network of branches and over thousand ATMs to meet all your banking needs no matter where you are located.Personalised cheques with your name printed on each cheque leaf for enhanced security.Bank conveniently with facilities like Net Banking and Mobile Banking- check your account balance, pay utility bills or stop cheque payment, through SMS.Free Payable-at-Par chequebook, without any usage charges up to a limit of Rs.50,000/- per month.
One last thing…..
Thank You