IDBI Bank Account Opening Online | IDBI Bank Account Opening Form | IDBI Bank Account Opening Minimum Balance | IDBI Bank Account Opening Charges
Savings accounts were introduced so that depositors may receive interest on their money. Although you are not permitted to withdraw funds from a savings account, it is an excellent way to lay aside a portion of your liquid assets for the future. It essentially translates to higher interest rates and a faster rate of accumulation. However, the comparison is essential because not all savings accounts are created equal. Before choosing one, consider a number of broad and variable factors such as interest rates, minimum deposit requirements, and more. The article will tell you more details about the IDBI Bank Account Opening Process and other related details.
IDBI Savings Accounts provide you with a comprehensive financial solution that includes a lot of options for managing your money wisely.
IDBI Bank Account Opening Process
A healthy savings account reflects highly on the account holder’s credit score and cash management abilities. It is strongly advised that you set aside a certain amount in your savings account for foreseeable or unpredictable emergencies. It is recommended that you save enough money to last at least six months. It’s the greatest and ideal way to get you through a serious emergency without jeopardizing your financial safety.
It’s simple to apply for an IDBI Bank Savings Account. Simply contact or visit your local IDBI office, and a member of staff will walk you through the procedure. Customers can also apply for an IDBI Savings Account by completing and submitting an online application form on the bank’s website.
Interest Rates on IDBI Bank Account Opening
|Savings Bank Rate||Saving Balance of: Less than Rs.50 lakh: 3.00% p.a. Between Rs.50 lakh to Rs.5 crore: 3.25% p.a. Above Rs.5 crore: 3.35%|
These interest rates took effect on July 14, 2021.
Minimum Balance Requirement on IDBI Bank Account Opening
|Suraksha Plus Savings||INR 5000|
|SuperShakti Account (For Women)||INR 5000|
|SuperSavings Account||INR 5000|
|Being Me Account||INR 2500|
|Jubilee Plus Account (For Senior Citizens)||0|
|Small Account (Relaxed KYC)||0|
|Power Kidz Account||INR 1500|
|Pension Savings Account (Central Govt. Emp)||0|
|Sabka Basic Savings Account (Complete KYC)||0|
|Capital Gain Account Scheme||INR 10,000|
IDBI Savings Account Features and Benefits
- Paying your invoices and taxes online allows for faster financial transactions.
- When compared to other immediate banking solutions, it is a terrific way to save money because you can earn more interest by choosing an appropriate IDBI Saving Account.
- When you open an account, you’ll receive a global debit card and a passbook.
- You can deposit DDs, checks, or cash with ease.
- You not only save a lot of money, but you also earn rebates and prizes when you travel.
Types of Savings Account with IDBI
IDBI Suraksha Plus Savings offers the following types of savings accounts:
- SuperSavings Account
- SuperShaktiAccount (For Women)
- Jubilee Plus Account (For Senior Citizens)
- Being Me Account
- Power Kids Account
- Small Account (Relaxed KYC)
- Sabka Basic Savings Account (Complete KYC)
- Pension Savings Account (Central Government. Emp)
- Capital Gain Account Scheme
Charges for using an ATM
When you use an IDBI ATM, there are no transaction fees. The first five ATM transactions at other banks are similarly free. After that, there will be a minor cost of INR 20 for withdrawing money and INR 8 for checking your balance.