Indian Bank SB Interest Rate - 2018-2019 StudyChaCha

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Old November 8th, 2017, 03:18 PM
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Default Indian Bank SB Interest Rate

Hi I would like to have the details of the Basic saving account offered by Indian Bank as well as the details of the Interest Rates on SB / NRO / NRE Accounts?
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Old November 8th, 2017, 04:12 PM
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Join Date: May 2011
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Default Re: Indian Bank SB Interest Rate

The Indian Bank is a head open area, Government of India undertaking. The bank was set up on fifteenth August in the year 1907 as a feature of the Swadeshi development. It has a container India nearness with 2565 branches and a group of more than 20140 representatives serving the country. The bank takes into account the budgetary needs of each Indian. Its data frameworks and security forms have ISO27001:2013 standard accreditation, influencing it to some portion of a select gathering of banks over the world with this special qualification. Indian Bank is a pioneer in presenting the most recent managing an account innovation. All Indian Bank offices have Core Banking Solution (CBS) and business computerisation.

Indian Bank offers different sorts of investment accounts to assemble the funds of the group. It urges individuals to stop their investment funds with Indian Bank. Indian Bank investment account charges are exceptionally ostensible which has prompt the notoriety of this support of retail clients.


People, Joint records, Clubs, affiliations, puts stock in, Govt. Bodies, social orders (counting co-agents), instructive establishments, affiliations and other non-exchanging associations

Striking Features

* ECS/RTGS/NEFT offices are accessible

* One check book of 20 leaves free in a logbook year for check worked SB accounts

* Collection of neighborhood checks free

* Collection of Outstation checks with the endorsed charges

* No charges for Intra city exchanges aside from money store and money withdrawal charges at have branches for exchanges above Rs.50000/ -

* ICOOC ( Local/Outstation) office accessible

* ATM cards/Debit cards gave free of cost to the principal year.

* 24 hrs ATM office with imparting plan to different banks for sharing their ATMs

* 3 exchanges Free at ATMs of other Bank in Metro and 5 exchanges Free at ATMs of other Bank in Non Metro Areas.

* Intra city, intercity exchanges, Internet/versatile/telephone managing an account offices are accessible at all branches

* Nomination offices accessible.

* 50 withdrawals allowed free for every half year barring charge passages identified with ATM/IRCTC exchanges/POS/Internet, Mobile exchanges and Rs.15/ - will be charged per exchange far beyond the free withdrawals.

* No TDS on premium earned on SB stores

Periodicity of arrangement of intrigue

Quarterly in the long stretches of April, July, October and January on day by day item premise

Least Amount

Least sum Rs.500/ - for non check operation

Minimum adjust of Rs.1000/ - for check operation

Lesser least adjust for retired people and bonafide understudies

Interest Rates on SB / NRO / NRE Accounts

Senior Citizen
Minimum Balance

Savings Bank A/c

A. Domestic
a. With cheque bookfacility
Rs. 500 ( Rs. 250 for Pensioners)
b. Without cheque book facility
Rs. 250 (No minimum balance for pensioners)

No frills account

B. Non Resident
a. NRO
a. NRE 4.00
Answered By StudyChaCha Member
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