Top Reasons to open a savings account with SBM Bank India.

Posted by Parth Shah on January 27th, 2020

A savings account is a good place to park funds in a liquid form and earn interest on a regular basis. The account holder can also deposit and withdraw funds as needed.

While these are basic features of all savings accounts, there are some banks that offer exciting features and benefits. Hence it is very important to research and understand which savings account is the right one for you. While you may already own a savings account, opening an account with SBM Bank India can bring you plenty of benefits.

Benefits of SBM Savings Account

Attractive Interest rate -Many banks offer varying rates of interest this plays an important role in determining whether to park your funds with the bank or not. At SBM Bank India, all savings accounts earn interest at the rate of 6.25% p.a*. 

Easy to open and operate - It’s very easy to open and operate a savings account with SBM Bank India.  One can currently open an SBM Savings Account by visiting the bank branch.  With the view to offering superior banking experience to their customers, SBM Bank India will soon enable the facility for online account opening.

SBM Savings Account additionally offers the following benefits:

• Freedom to choose your own account number
• Unlimited free deposits and withdrawals
• Zero charges on NEFT/RTGS payments
• Seamless Internet banking with 24/7 access

SBM Debit Card comes with unmatched benefits and privileges:

It issues SBM RuPay Platinum Debit Card to its savings account holders which can be used for withdrawal of funds at ATMs, and shopping and making payments on all platforms.

The card brings you a host of benefits and privileges:

1. Free Lounge Access* across 35+ Airports
2. Instant cashback up to Rs. 50 on monthly utility bill payments
3. 1000+* exclusive domestic merchant offers
4. Great deals on dining, fashion, travel and more
5. Personal accident insurance* of up to Rs. 2 lacs
6. 24/7 Concierge services for personalized assistance

In addition to a Savings Account for yourself, you can also open the following types of accounts for your loved ones.

SBM Family savings account - You can manage your family savings efficiently with this account. The benefits of the account can be extended to all the family members and multiple accounts can be viewed online at the same time. You also enjoy benefits on the minimum balance requirement.

SBM Children savings account – You can inculcate the habit of saving in your child and enjoy exclusive discounts and privileges as well by opening an SBM Children savings account.

SBM savings account is one of the best places to park and grow your funds. It not only earns you an interest of 6.25% p.a. which one of the best in the market, but also offers you a range of privileges and discounts.