Icici Bank Savings Account Interest Rate
SBI Savings Accounts carry an interest rate of 4.00% per annum. ICICI Bank Savings Account Interest rate. ICICI Bank is one of the leading banks in India to offer multiple types of Saving Accounts to its customers like the Silver Savings Account, Advantage Woman Savings Account, Freedom Savings Account, Basic Savings Bank Account and more. Savings Accounts at ICICI Bank UK. Our high-interest savings accounts help you invest your money wisely. ICICI Bank gives you a range of services, offers and banking solutions to make your life simpler and more convenient.
Is designed to let you earn attractive interest along with the option of withdrawing funds, by transferring them to the linked current account.
Features of Savings Account
Attractive interest rates
Funds in your account no longer lie idle but continue to provide you with returns. The interest payable is calculated on the closing balance of the day. The accumulated interest is credited into your account at the end of every month.
Multi-currency
You have the option to open savings account in Singapore Dollar.
Minimum balance
There is no minimum balance requirement for savings account in Singapore Dollars. However if the total monthly average balance of all your accounts with us such as current account, Fixed deposit, savings account falls below 1000 currency units, the following charges will apply
| Total Monthly average balance | Charges applied to the respective month |
|---|---|
| 1000 and above | No fee |
| 500 - 1000 | 3 |
| 500 and below | 5 |
Monthly statements
You will receive a monthly statement of your savings, on the communication address registered with the Bank.
Multiple account holder
For added convenience, the savings account can be opened and operated by one or more applicants, depending on the signing condition given at the time of account opening.
How to open a savings account
Open a savings account with us in 3 easy steps
Step 1 - Please visit our branches.
Step 2 - Complete the Account opening forms and provide us Identity and Address proof documents .
Step 3 - To fund your account, you can issue a cheque.
Identity/Address proof documents
a) Proof of Identity:
Icici Bank Savings Account Interest Rate Best
- Singapore Citizens / Permanent Residents - Copy of pink / blue NRIC card
- Singapore Residents (Other than Permanent Residents) - Copy of documents issued by the relevant Government Agencies/ Ministries in Singapore (eg: Employment Pass) and Passport
- Singapore Non Residents - Copy of Passport
b) Proof of Residential Address - E.g. latest copy of utility bills, bank statements etc - issued within last 3 months
Please carry the originals of the above mentioned documents with you so that our staff may verify the same.
Savings Account Interest Rates
Effective November 09, 2010
FAQ's
What is a Savings Account?
The Savings Account is an account linked to a current account that offers the twin benefits of interest rates as well as flexibility of withdrawal of funds without any lock-in. The account provides facility of earning interest on the funds in it, while at the same time allowing you the flexibility to withdraw monies, as per your requirement through the linked current account. Saving account cannot be opened as a standalone account
In what currencies can one open a Savings Account? What is the minimum balance requirement?
You can open a savings account in Singapore Dollar (SGD). There is no minimum balance requirement, however if the total monthly average balance of all your accounts with us such as current account, Fixed deposit, savings account falls below 1000 currency units, the following charges will apply -
| Total Monthly Average Balance | Administrative charge for the respective month |
|---|---|
| 1000 and above | No fee |
| 500 - 1000 | 3 |
| 3 | 5 |
Icici Bank Savings Account Interest Rate Per Month
Is any interest paid on the account?
The interest accrual will happen daily and will be credited monthly in the account.
Please note that interest rate is subject to change and the applicable rate will be updated on our website.
Incase of change in interest rate you may choose to discontinue the account for which you will be required to notify the bank within a month of the effective date of the interest rate change as updated on the website.
New Delhi: Days after the SBI and HDFC reduced interest rate on home loans, lending major ICICI Bank on Friday slashed its home loan interest rate to 6.70 per cent. Issuing a statement, the bank said that the revised interest rate -- the lowest in 10 years by the bank has come into effect March 5.
In the statement, the bank further added that the revised interest rate can be availed by clients for home loans up to Rs 75 lakh. Apart from this, for loans above Rs 75 lakh, interest rates are pegged at 6.75 per cent onwards. The bank also added that these revised rates will be available till March 31.
'We see resurgence in demand from consumers, who want to buy homes for their own consumption, in the past few months,' said Ravi Narayanan, Head - Secured Assets, ICICI Bank.
Icici Bank
'We believe that this is an opportune time for an individual to buy his or her dream home, considering the prevailing low interest rates. We believe that with our completely digitised home loan process, including instant sanction for customers of any bank, everybody will find it immensely convenient to avail a home loan with us,' he added.
Icici Nri Interest Rate
The development comes days after the SBI and the HDFC took similar steps and reduced the interest rate on home loans.
Icici Bank Savings Account Interest Rate 2020
In November 2020, the ICICI Bank became the first private sector bank in the country to cross Rs 2 trillion (Rs 2 lakh crore)-mark in mortgage loan portfolio. Further, the bank informed that during its mortgage disbursements increased in Q3-2021 over Q2-2021 and reached an all-time monthly high in December 2020.
Best Interest Rates For Savings
(With inputs from IANS)