Products
Introduction
SDF offers savings account facilities for individuals and institutions. Unlike fixed deposits, savings accounts allow account holders to withdraw cash, as and when required, while still generating interest income. Therefore, savings accounts are ideal for monthly income earners to build up savings, starting from a small base, while also meeting daily cash requirements. SDF also allows savings account holders to obtain loan facilities against their savings.
Benefits and Features
• Highest interest rates in the market in the savings account category.
• Senior citizens are granted an additional 1% on the going rate.
• Can be used to obtain personal loans.
• Interest is calculated daily and credited monthly.
Eligibility
• Account holder must be over 18 years of age
• An initial deposit of Rs.500 is required
• Can be opened by an individual, or as joint account holders.
Documents Required
• National Identity Card / Passport / Driving License
• Billing proof
* Interest rates on savings deposits 4.25%
Click on the following button to download KYC/Fixed Deposit / Savings Account Opening Forms
Top