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Classic Savings Account

A feature-rich Savings Account that gives you more value for every Rupee invested

Benefits Image

Other Benefits

  • Complimentary RuPay Platinum Debit Card with a waiver of Annual Maintenance Charges (AMC) 
  • Debit Card Cash Withdrawal /  E-commerce / Point of sale (POS) per day limit of INR 25,000 each
  • Free unlimited transactions on SVC Bank ATMs
  • 5 Free transactions, per month, on other Bank ATMs
  • Enjoy yearly complimentary Domestic & International Lounge Access, one each, with your RuPay Platinum Debit Card at participating lounges. Visit www.rupay.co.in/lounges for the updated list of eligible Lounges. T&C apply.
  • Complimentary Personal Accidental Death Insurance Cover of INR 2 Lakhs from RuPay Platinum Debit Card*
  • 24/7 access to Concierge Services*
  • *Personal Accidental Death Cover of INR 200,000 sponsored by SVC Co-operative Bank Ltd.  and underwritten by ManipalCigna Health Insurance Company Limited. 
  • 50 Free Cheque Leaves per annum
  • Free NEFT / RTGS transactions through Branch / Internet Banking
  • No charges on Cash Withdrawal, if withdrawn from Base Branch
  • Cash Withdrawal limit of INR 25,000 per day, if withdrawn from non-Base Branch
  • Monthly Cash Deposit Limit°
    • If Average Monthly Balance (AMB) is maintained: Up to INR 4,00,000 or eight times the AMB, whichever is higher
    • If Average Monthly Balance (AMB) is not maintained: Up to INR 1,00,000 or eight times the AMB, whichever is higher
  • Free SMS Alerts and E-mail Account Statements
  • Free Demat Account opening and 50% waiver on Annual Maintenance Charges (AMC)
  • 5 Free DD / PO per month, up to INR 50,000
  • Any Branch banking enabled
Note: Other charges, as per Bank's Schedule of Charges, are applicable
  • Debit Card terms & conditions apply. Please note all these facilities are provided by RuPay and are available only on RuPay Platinum Debit Card. For more information, visit www.rupay.co.in
  • Cash handling charges of INR 2 is applicable per INR 1000, if limit is exceeded

 

*T&C Apply for Accidental Death Insurance Policy.

*Please refer to the Group Policy Declaration.

Eligibility

  • Resident Indians (Sole or Joint) aged between 18 - 70 years
  • Initial Deposit - INR 5,000
  • Minimum Average Quarterly Balance (AQB) - INR 5,000

FAQ

Yes. As long as customer is a part of the product that provides this facility and the status of account is ‘Active’, the policy shall be renewed every year.

The insurance cover period for the customer will be as per the Certificate of Insurance received by him/her from ManipalCigna

The tenure is for 1 Year. 

The age criteria is 18 Years to 64 Years 11 Months 
Pl note: for any existing customer who is more than 64 years 11 months years of age, any other retail product can be offered to him/her.

Customer is covered for INR 2 lakhs under SB Classic Account.

The name of the Group Policy is ManipalCigna Lifestyle Protection Group Policy. The Bank has tied up with ManipalCigna Heath Insurance Company to provide this Insurance Cover.

A Classic Savings Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 5000

Charges of INR 150 is applicable per quarter if AQB is not maintained

Charges of INR 150 is applicable per quarter if AQB is not maintained

Classic Savings Account has Debit card per day limit of INR 25,000 each across ATM, POS and Ecom.

A Classic Savings Account holder is entitled to receive 50 cheque leaves free per annum and 5 DD/PO (up to value INR 5000) free per month.

Debit Card AMC is waived for Classic Savings Account holders

Every primary holder of a Classic Savings account receives a complimentary Accidental Death Insurance Cover of INR 2 Lakhs, sponsored by SVC Bank and underwritten by ManipalCigna Health Insurance Company.

Classic Savings Account comes with a complimentary Rupay Platinum Debit Card. This debit card offers an Accidental Death Insurance Cover of INR 2 Lakhs, Complimentary Airport Lounge Access (Domestic & International) and Concierge Services.

*Debit Card terms & conditions apply. For more information, visit www.rupay.co.in

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

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