Standard Chartered Bank Savings Account

What is a Standard Chartered Bank Savings Account?

Standard Chartered Bank savings account allows customers to save funds in a secure manner and earn interest on the funds held in the account. Interest is computed on the daily balance and accrued on a periodic basis. Digital banking, including internet banking and mobile banking services, allows customers to handle their accounts, transfer money, and monitor their transactions. The savings account also offers the Standard Chartered Bank sweep in FD facility, where the surplus in the savings account is transferred automatically into fixed deposits. This enables the customers to earn FD interest rates and, at the same time, keep their savings account liquid.

Standard Chartered Bank Savings Account Interest Rates

The following table provides a general representation of savings account interest rates based on the balance maintained.

*Standard Chartered Bank Savings account interest rates w.e.f. January 1, 2026.

Types of Standard Chartered Bank Savings Accounts

There are different types of savings accounts offered by Standard Chartered Bank that suit different financial needs and customer profiles.

1. Prime Savings Account

    Prime Savings Account offers high-end banking services, debit card reward points, lifestyle services, and easy digital banking services.

2. SuperValue Savings Account

    SuperValue Savings Account provides reward points with purchases, debit card benefits, and convenient digital banking with standard banking needs.

3. Prodigy Savings Account

    The Prodigy Savings Account is a children's savings account that enables children to learn to save money as their parents monitor their performance and also manage finances.

4. Employee Banking Account

    This savings account is a salary account that offers easy salary credit, debit card operations, and convenient online banking

5. Basic Banking Savings Account

    The Standard Chartered Bank Zero Balance Savings Account allows the opening and maintenance of an account without any minimum balance requirements.

Key Features of Standard Chartered Bank Savings Account

The Standard Chartered Bank savings account offers several features that make banking convenient and flexible.

• Interest on Savings: Customers earn interest on the amount they keep in the account at the end of the day, and this makes their savings grow over time.
• Digital Banking Services: The bank provides internet banking and mobile banking services, where customers can send money, check their balances, and perform their transactions at any time.
• Global Debit Card Access: The debit card may be used to get cash through ATMs and to pay at stores.
• Multiple Account Options: The bank offers a variety of saving accounts so that customers have an option to select the best savings account based on their financial needs and lifestyle.

How to Open a Standard Chartered Bank Savings Account

Standard Chartered Bank allows customers to open a savings account online or by going to one of the bank's branches.

Online Application

Opening the account online is fast and convenient.

• Visit the Official Website: Access the Standard Chartered Bank website.
• Select Account Type: Select the savings account that suits your banking requirements.
• Fill Application Form: Fill in your personal and contact details in the online application form.
• Upload Documents: Present identity documents, address documents and PAN card details.
• Complete KYC Verification: Finish the required KYC verification process.
• Account Activation: Activation of your savings account will be done upon verification.

Offline Application

Customers can also open an account in a bank branch.

• Visit the Bank Branch: Visit the nearest branch of the Standard Chartered Bank.
• Request Application Form: Request the savings account opening form.
• Fill Personal Details: Fill out the required personal and contact information.
• Submit Documents: Provide identity proofs, address proofs, PAN card, and photographs.
• Document Verification: The documents are verified by bank officials.
• Account Activation: When the savings account is successfully verified, it gets activated.

The Standard Chartered Bank savings account assists account holders to deposit their funds securely with savings account interest rates of 0.50% to 5.00% per annum. It provides online banking, debit cards, and transaction flexibility. The Standard Chartered Bank FD sweep features allow the customers to earn the Standard Chartered Bank FD interest rates on surplus balances.