Product Details
Bank Name
Shivalik Small Finance Bank
Account Name
Saving Gold
Account Type
Saving
Interest Rate
Balance upto 1 Lac 3.00%
Above 1 Lac to 5 Lacs 3.50%
Above 5 Lacs to 10 Lacs 3.50%
Above 10 Lacs to 25 Lacs 4.00%
Above 25 Lacs to 50 Lacs 6.00%
Above 50 Lacs to 1 Crore 6.50%
Above 1 Crore to 2 Crore 6.00%
Free Debit Card
Yes. (Normal Rupay)
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Account Opening Fees
N.A.
Annual Maintenance Fees
N.A.
Minimum Account Balance
10000
Debit Card Charges
NEFT Charges
Free through internet banking
IMPS Charges
Upto Rs. 2,000(5 transactions free per day) - 2 , 2001 to 5000 - 2, 5001 to 25000 - 4, 25,001 to 1,00,000 - 8, 1,00,001 to 10,00,000 - 15
Fees and Charges
Saving Gold
Special Features
Eligibility Criteria
To open this account, you need to meet the following eligibility criteria:
1. Age: As mentioned before, you must be of 18 years.
2. Residency: You must be a resident of India to open this account.
3. Minimum Balance: The minimum balance requirement for this account is INR 10,000.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free 10 transactions per month (Including balance inquiry) at other Bank's ATM.
Free 5 NEFT/RTGS transactions per month through home branch. Unlimited free for Net/Mobile Banking transactions.
Free 30 cheque leaves half yearly.
Free accidental insurance coverage of INR 2,00,000 against Platinum RuPay Debit Card.
Complementary access in airport lounges* with your RuPay Platinum Debit Card.
Cons
Saving Gold Shivalik Small Finance Bank Account
The account comes with a Rupay Platinum Debit Card, through the card, the account holder can get free airport lounge visits. The interest rate is low when compared to interest offered by other small finance banks in the market. Account holders also get 10 free transactions at other banks' ATMs.

Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
To open a Shivalik Savings Gold Account, you can follow these general steps:
1. Visit the Shivalik Bank Website or Branch:
Online: Visit the official Shivalik Bank website. Look for the "Open Account" or "Savings Account" section. You might find an online application form there.
Offline: Visit the nearest Shivalik Bank branch. Request an account opening form from the bank staff.
2. Fill Out the Application Form:
Personal Details: Provide accurate information such as your full name, date of birth, address, contact details, etc.
Identification and Address Proofs: Submit necessary documents like Aadhaar card, PAN card, passport, driver's license, etc., as proof of identity and address.
Financial Information: Declare your income sources and other financial details as required.
3. Submit the Application:
Online: If applying online, submit the completed form electronically.
Offline: Submit the filled-out form along with the required documents to the bank branch.
4. Account Opening Process:
The bank will verify your submitted information and documents.
You might be required to visit the branch for further verification or KYC procedures.
Once the verification is complete, your account will be opened.
5. Receive Account Details:
You will receive your account number, debit card (if applicable), and other relevant details from the bank.