Standard Chartered Savings Account

Standard Chartered Bank provides various savings account plans that allow customers to deposit money, keep it secure, and withdraw it while earning interest. It offers a savings account focused on the needs of various customer groups and caters to their needs. For example, it offers a Premium saving account for its high-end customers, and Minor savings account for children under 18 years. The bank provides many services, including online banking and mobile banking, and several of its savings account products have no minimum balance requirement.

Standard Chartered offers multiple savings account products for different purposes. Some of the popular products of Standard Chartered savings are:

2-in-1 Account 

Earn the same high-interest rates as a fixed deposit while still providing a savings or current account’s versatility.

Key Characteristics:

• It provides the same interest rates as a fixed deposit account.
• You will save in multiples of Rs. 1,000 after making two initial deposits totalling Rs. 60,000.
• A 25% discount applies to all customers who maintain a Rs. 50,000 average quarterly balance.
• By default, the Term Deposits are linked to your Savings Account, which ensures that if you have a deficit in your savings, funds will be immediately swept in from the linked Term Deposits, ensuring you have both liquidity and higher returns.

Eligibility: This account is available to resident Indians aged 18 and up.

3-in-1 Account

This account is connected to Standard Chartered Securities’ Demat and broking services.

Key benefits: 

• It includes a first-year fee waiver for the Platinum or ShopSmart Debit Card and a 25% discount on locker charges.
• Standard Chartered Securities provides a savings account that is connected to a Demat account and brokerage services. 
• A single account form can be used to open all three accounts.

Eligibility: This account is available to resident Indians aged 18 and up.

Basic Banking Account

Simple banking with no-frills, low maintenance, and a one-stop solution for all of your needs.

Key Characteristics:

Phone banking, online banking, and a locker facility are all important features.

Eligibility: 

• This account is available to resident Indians aged 18 and up who may open a single or joint account.
• HUF and foreign nationals may also open a simple savings account with Standard Chartered Bank.

Employee Banking Account

Banking service that helps you to make salary payments from home or at work.

Key Characteristics:

• Preferential rates on credit cards, deposits, and other financial products and services
• Take advantage of free demand draughts and pay orders payable at any Standard Chartered bank.
• Effective salary disbursements

Eligibility: 

• The company must have 30 employees or more and a monthly gross salary of Rs. 20,000 per account.

Aasaan Account

All of your banking needs can be met with a low-maintenance, convenient solution.

Key Characteristics:

Phone banking, online banking, and a locker facility are all open.

Eligibility requirements:

This account is only for resident Indians over the age of 18.

Parivaar Account

Family savings account that is flexible and easy for asset accumulation and preservation.

Key Benefits: 

• Your family may have separate savings accounts with a consolidated balance in one joint account.
• The Parivaar Account can be used by your spouse, parents, in-law, siblings, and children.

Eligibility: 

• This account is available to resident Indians aged 18 and up.

aXcessPlus Account

This account gives you easy aXcess to your money.

Key Characteristics:

• With an aXcessplus account, you can withdraw cash for free from any VISA ATM in India.
• Take advantage of up to two free demand draughts or pay orders drawn.
• When you maintain the appropriate average quarterly balance, you will receive a free multi-city cheque book.
• Phone banking, online banking, and a locker facility are all open.

Eligibility requirements:

• This account is only available to resident Indians over the age of 18.