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