Comparative study of Savings Account Of HDFC RBL State Bank of Travancore

SHRADHA SAKSHI DHRUV UDAY KUNAL

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

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 liquidity Principal security moderate interest on savings

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

Heres 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 Minimum Quarterly Balance

Charges of nonmaintaining minimum balance

4.00% Rs. 10,000

Rs.5,000-Rs.10,000Rs.250/- per month Less than Rs.5,000Rs.350/- per month

6.00%*
Rs. 2,500 Rs. 75/- per month

4.00% Rs.1,000
Rs. 226/- per quarter

Debit card

Rs. 100/- per year

Rs. 200/- per year

Rs.50/- per year

Transanctions at nonbank ATMs Branch Network

ATMs

5 free per month

3,336 11,473

5 free per month

150 290

5 free per month

777 287

Interest rates Minimum Quarterly Balance

Charges of nonmaintaining minimum balance

4.00% Rs. 10000

Rs.5000-Rs.10000Rs.250/- per month Less than Rs.5000Rs.350/- per month

6.00%*
Rs. 2500 Rs. 75/- per month

4.00% Rs.1000
Rs. 226/- per quarter

Debit card

Rs. 100/- per year

Rs. 200/- per year

Rs.50/- per year

Transanctions at nonbank ATMs Branch Network

ATMs

5 free per month

3,336 11.473

5 free per month

150 290

5 free per month

777 287

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