preetham
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What are the types of SBI savings account?also How can I save tax on the interest earned on a fixed deposit?
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veeru
answered
savings plus account gives the facility of savings account along with term deposit account. Any surplus funds in the account exceeding the threshold limit, for a minimum amount of Rs.10,000 and in multiple of Rs.1000 in any one instance, are transferred as term deposit and earns interest as applicable to term deposits.
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narahari
answered
savings account has been designed to help people save for their future financial requirements. Under this account, bank gives free ATM cum debit card. The account can also be accessed through SBI internet banking facility by downloading instantsbi. The rate of interest is compounded half yearly under this account.
ARJUN PRATAP SINGH
answered
Dear Driend,
as far as your query is concerned What are the types of SBI savings account?
let me informed that State Bank of India offers two types of savings account –
1.savings account
2.savings plus account.
savings account
**savings account** has been designed to help people save for their future financial requirements. Under this account, bank gives free ATM cum debit card. The account can also be accessed through SBI internet banking facility by downloading instantsbi. The rate of interest is compounded half yearly under this account.
savings plus account
**savings plus account** gives the facility of savings account along with term deposit account. Any surplus funds in the account exceeding the threshold limit, for a minimum amount of Rs.10,000 and in multiple of Rs.1000 in any one instance, are transferred as term deposit and earns interest as applicable to term deposits.
Hope answer was helpful to you
Regards,
Arjun
