Product Details
Bank Name
Suryoday Small Finance Bank
Account Name
Suryoday Share Your Smile Savings Account
Account Type
Saving
Interest Rate
Up to and including Rs. 1 Lakh: 3.00%. Above Rs. 1 Lakh up to & including Rs. 5 Lakh: 5.00%. Above Rs. 5 Lakh up to & including Rs. 10 Lakh: 7.25%. Above Rs. 10 Lakh up to & including Rs 2 Crore: 7.50%
Free Debit Card
No
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
No
NEFT Charges
Unlimited free via Net Banking/Mobile Banking.
IMPS Charges
5 free via Net Banking/Mobile Banking. IMPS Payment (Outward) Upto ₹ 100,000 per transaction: Rs 5. Above ₹ 100,000 to ₹ 500,000 per transaction: Rs. 10.
Fees and Charges
Suryoday Share Your Smile Savings Account
Special Features
Lower charges on RTGS, NEFT & IMPS / 5 free Outward RTGS/IMPS transactions per month through Net Banking/Mobile Banking (Fungible between RTGS and IMPS).
Eligibility Criteria
Resident Individual (both new as well as existing customers)
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Zero balance account.
Free NEFT online transactions.
Cons
No free debit card.
Share Your Smile Savings Account
The account comes with low interest rate and offers average value add features.
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?
Visit a Suryoday Bank Branch: Go to your nearest branch and inform the bank representative about your interest in opening a Share Your Smile Savings Account.
Submit Application: Fill out the necessary application form and submit it to the bank.
Link Existing Accounts: Specify the Savings Account(s) or Fixed Deposit(s) you want to link with the Share Your Smile Savings Account.
Choose Donation Percentage: Select the percentage of your interest earnings you wish to donate to charity. You can choose between 10% and 100%.
Select Charity: Choose the charitable organizations you want to support.