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What are the types of SBI savings account?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

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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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 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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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 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.

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Open uri20170510 32134 s5bvk0?1494421637 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

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