IDBI Bank Savings Account has a host of facilities for all types of customers (individuals, HUFs, companies, senior citizens, youth, children, women, family, and more). You can save money as well as grow it exponentially with the savings bank (SB) account schemes. You may also avail of the Auto sweep-in and sweep-out facility for a few accounts. Earn decent interest, and know more about financial independence with easy access to own funds.
In this post, we will discuss IDBI Bank Savings Account interest rates, types, features, and frequently asked questions.
The rate is calculated as per the RBI mandate and bank’s discretion from time to time on the daily balance you maintain in the account:
Here is more information about different types of IDBI SB accounts:
This IDBI Savings Account allows you to access money at ease with banking convenience. It helps to grow and save money, and manage it efficiently. You get facilities such as quick fund transfer, International Debit Card, online payment of tax and bills, gift and travel solutions, demand drafts and pay order, value-added services, bank on the move, easy payments, profit from the account.
This is a regular savings account with a complete KYC. It has no requirement for a minimum balance. Thus, it is a zero-balance account. It comes with SMS and email alerts for transactions, free International Debit cum ATM Card, free consolidated account statements every month through email. You do not have to visit the bank for basic services. Rather, you can access the same on SMS/phone/internet banking.
The IDBI Savings Account is for everyone who may not have sufficient KYC documents. It is a zero-balance account with inclusive banking. You can benefit from SMS and email alerts for transactions, a free Debit cum ATM Card, and free monthly account statements on email. You can avail of a cheque book on request. Also, with the ATM Card, you can shop at any retail outlet.
The IDBI Bank Savings Account ‘Being Me’ is for the youth. The account helps youngsters to get habituated with banking activities and build financial discipline. The acc. provides preferential rate on education loans, discounted charges on the opening of share trading accounts with the ICMS, financial planning training, preference for project work at the institution based on the availability of seats.
This Preferred Personal Banking Account comes with facilities such as a free Passbook at the home branch for individual account holders, welcome kit with all deliverables, personalized cheque book, insurance cover, Anywhere Banking, International Platinum Debit Card (higher cash withdrawal limit and POS), Higher limit on NEFT and RTGS, banking through Phone/Mobile/ATM/Internet, ATM access across the globe, higher free limits on transactions, etc.
This is a woman savings account of zero-balance. It is free for her children as well, who are below 18 years of age. The allowance is for two free accounts for children. It comes with online options for tax or bill payments, simple documentation, and fast fund transfer. Get 25% concession on locker services and a discount of 50% on Demat annual maintenance charges.
The IDBI Bank Savings Account offers Preferred Banking services. It fulfils your day-to-day banking needs with top-up benefits. Some of the benefits include free NEFT through net banking, account to account transfer and any branch cheque deposit is free, 25% off on locket of any size, enhanced cash withdrawal limit, and POS on International ATM-cum-Debit Card.
The IDBI Bank Savings Account brings royalty in banking facilities with exclusive features and free services. You will receive a welcome kit with all deliverable such as Debit Card, cheque book, and other contents as per your banking needs, access to international as well as domestic ATMs free-of-cost, access to free NEFT and RTGS (higher limit) through net banking, and branch, International Signature Debit Card with enhances access at Merchant Establishments and ATMs.
With the Pension SB Account, you can experience banking anytime and anywhere. You can get special privileges such as quicker transactions, exclusive offers, value-added services, and hassle-free facilities. You can also avail of instant banking, online options for tax and bill payment, International Debit Card, options to grow money at great interest rates, easy payments, travel and gift solutions, bank on the move, Pay order and Demand Draft, and profit on the account
This IDBI Bank Savings Account is for senior citizens to facilitate banking transactions with other services. It is the ideal way to save and grow money through Auto Sweep Out/Sweep In facility. It is a zero-balance account with simple documentation. You can make a quick transfer of funds, get a free statement by email, and access online methods for bill and tax payments.
This is a Children Savings Account to inculcate the habit of saving money for kids. It functions as a piggy bank for children. The account keeps the money safe and offers attractive interest earning on the same. Also, the kids can make purchases on a debit card. They can also avail of education loans from the bank for higher education in India or abroad. The minimum average balance is Rs. 500. You will get a personalized cheque book, free Passbook, and other services.
The IDBI Bank Savings Account is for family banking experience, where every member can manage and access finances under one roof. As an account holder, you can maintain the minimum account balance on the behalf of the members. This will free them from bearing costs and transact within limits. Some of the facilities are specially designed accounts for family members such as youth/senior citizens/children/women, etc.
This is a Capital Gain Account Scheme. The bank can accept deposits under the CGAS 1988 as per the Gazette notification of 29 November 2012, from CBDT. With this account, you can grow money through investments and save the Capital Gains Tax on the Capital Gains from selling investments such as shared, residential apartment/house, farmhouses, farm business, agricultural land, etc.
This scheme is for a body of individuals, resident individuals, sole proprietorship firms, an association of persons, partnership form companies, HUFs, and non-individuals, etc.
You can download the mobile application from App Store for iOS devices and Play Store for Android devices. Or you can click - https://bit.ly/33cfcBV and download the app for the respective devices. Or you may use the following QR Code to download the i-Quick Mobile Application.
You can perform a video KYC and access/open the account from the comforts of your home. The process is quick, simple, and safe, and does not necessitate a visit to the bank. You may access the features from the below QR Code.
You can also open the IDBI Savings Account through the video KYC link on any day (except bank holidays and Sundays) between 10:00 AM and 6:00 PM.
Here are the IDBI Bank Savings Account FAQs:
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