Classic Savings Account

Classic Savings Account

A feature-rich Savings Account that gives you more value for every Rupee invested

Key Features

More Features. More Benefits. More Value.

Average Quarterly Balance (AQB) of just INR 5000

Free RuPay Classic Debit Card with great offers & Rewards Points on Point of Sales (POS)/E-commerce transactions

Free NEFT / RTGS transactions through SVC NXT Internet and Mobile Application

Other Benefits

Other Benefits

  • Complimentary RuPay Classic Debit Card 
  • Debit Card Cash Withdrawal /  E-commerce / Point of sale (POS) per day limit of INR 25,000 each
  • Free unlimited transactions on SVC Bank ATMs
  • 5 Free transactions, per month, on other Bank ATMs

  • 50Free Cheque Leaves per annum
  • 5 NEFT / RTGS transactions through Branch and unlimited via Internet Banking
  • No charges on Cash Withdrawal, if withdrawn from Base Branch
  • Cash Withdrawal limit of INR 25,000 per day, if withdrawn from non-Base Branch
  • Monthly Cash Deposit Limit°
    • If Average Monthly Balance (AMB) is maintained: Up to INR 4,00,000 or eight times the AMB, whichever is higher
    • If Average Monthly Balance (AMB) is not maintained: Up to INR 50,000 or eight times the AMB, whichever is higher
  • Free SMS Alerts and E-mail Account Statements
  • 5 Free DD / PO per month, up to INR 50,000
  • Any Branch banking enabled

 

 

 

  • Debit Card terms & conditions apply. Please note all these facilities are provided by RuPay and are available only on RuPay Classic Debit Card. For more information, visit www.rupay.co.in
  • Cash handling charges of INR 2 is applicable per INR 1000, if limit is exceeded

Eligibility

  • Resident Indians (Sole or Joint) aged between 18 - 70 years
  • Initial Deposit - INR 5,000
  • Minimum Average Quarterly Balance (AQB) - INR 5,000

FAQ

Yes. As long as customer is a part of the product that provides this facility and the status of account is ‘Active’, the policy shall be renewed every year.

The insurance cover period for the customer will be as per the Certificate of Insurance received by him/her from ManipalCigna

The tenure is for 1 Year.

The age criteria is 18 Years to 64 Years 11 Months Pl note: for any existing customer who is more than 64 years 11 months years of age, any other retail product can be offered to him/her.

A Classic Savings Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 5000

Charges of INR 150 is applicable per quarter if AQB is not maintained

Classic Savings Account has Debit card per day limit of INR 25,000 each across ATM, POS and Ecom.

A Classic Savings Account holder is entitled to receive 50 cheque leaves free per annum and 5 DD/PO (up to value INR 5000) free per month.

Debit Card AMC shall be waived for the 1st Year

Classic Savings Account comes with a complimentary RuPay Classic Debit Card.

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Related Products

Regular Plus Account
Know More

Regular Plus Account

Experience the convenience of anytime, anywhere Banking

Silver Elite Savings Account
Know More

Silver Elite Savings Account

Your path to smarter savings starts with Silver

Gold Elite Savings Account
Know More

Gold Elite Savings Account

Where Golden Savings meet elite rewards

Star Savings Account
Know More

Star Savings Account

Inculcate the habit of savings in your little ones, by introducing them to banking at an early age