Interest Rates for Savings Bank (SB) Accounts
| Slab | End of the Day Balance | Rates of Interest (p.a) |
|---|---|---|
| 1 | Less than ₹5 Crores | 1.50% below RBI’s Repo Rate |
| 2 | ₹5 Crores and above | 1.50% below RBI’s Repo Rate for amount up to and including ₹1Lakh |
| 0.20% below RBI’s Repo Rate for the remaining balance above ₹1Lakh |
Is Bank of India better than SBI?
Some of the key results of the comparison between the two banks are: Lowest Interest rate of SBI Home Loan is 6.70%, which is lower than the lowest interest rate of Bank of India at 6.95% and hence, SBI is offering a cheaper loan option. SBI is a Public Sector Bank with its home loan rates benchmarked to RLLR.
Which bank is better SBI or federal bank?
Some of the key results of the comparison between the two banks are: Lowest Interest rate of SBI Home Loan is 6.70%, which is lower than the lowest interest rate of Federal Bank at 7.65% and hence, SBI is offering a cheaper loan option. Federal Bank is a Private Bank with its Home Loan rates benchmarked to RLLR.
What is the minimum balance in federal bank account?
Minimum Balance Requirements for Federal Bank Savings Accounts
| Savings Account | Minimum average monthly balance to be maintained |
|---|---|
| SB Plus | Rs.5,000 |
| Fed Power+ | Rs.25,000 |
| Mahilamitra | Rs.5,000 |
| Yuvamitra | Nil |
What is the interest rate on SBI annuity?
Rate of interest as applicable to Term Deposits. The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. The rate applicable to all Senior Citizens of age 60 years and above will be 0.50% above the applicable rate. Payment of annuity On the anniversary date of the month following the month of deposit.
How does Federal Bank SBI Visa credit card work?
Your Federal Bank SBI Card offers you great flexibility of payment. With the extended credit option you can plan your outstanding payments as is suitable to you. You can pay any amount from the minimum amount due to the total outstanding amount due as shown in your Monthly Statement.
What are the charges of a bank in India?
Service charges and fees for banking transactions, depository participant service charges as well as service charges for loans and advances are provided in the documents given below. It is hereby informed that in the wake of pandemic outbreak of COVID-19, it has been decided to waive the following charges.
Which is the best credit card of SBI?
Federal Bank SBI co-branded credit card with maximum credit limit up to Rs. 5 Lakh, that offers you attractive special offers, fuel surcharge waiver, International airport lounge access and lot of bonus offers. Earn 500 reward points by shopping using Federal Bank Platinum Card for Rs. 1000 or more in a single transaction within 30 days.
