savings account in a bank benefits and comparative study

1. Comparative study of
Savings Account
Of
HDFC
RBL
State Bank of Travancore
SHRADHA
SAKSHI
DHRUV
UDAY
KUNAL

2. CONTENTS
 Definition of savings account
Types of saving accounts
Benefits of a savings account
Pointers to be considered
Comparative study
Some deciding factors
Conclusion

3. What is a SAVINGS a/c

4. 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 liquidity
Principal security
moderate interest on savings

5. Types of savings a/c offered by a bank
REGULAR SAVINGS ACCOUNT
Basic savings bank deposit account
Kids advantage account
Familiy savings account
Senior citizens’ savings account
Kisan savings account
Women savings account

6. Here’s why it is the best
a/c type for an individual

7. Safety
Earn interest
Record keeping
Withdraw money easily

8. Things to consider while opening a
savings account

9.  Interest rates
 Minimum quarterly balance
 Charges of non maintaining
minimum balance
 Fixed deposit rates
 Transactions at non bank ATMs
 Branch Network
 ATMs
 Additional facilities

10. Let us now compare these three banks
on the basis of these factors and find out
which bank should one prefer

11. State Bank of
Travancore
Interest rates 4.00% 6.00%* 4.00%
Minimum Quarterly
Balance
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

12. Interest rates 4.00% 6.00%* 4.00%
Minimum Quarterly
Balance
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

13. 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.

14. One last thing…..

15. Thank
You