Product Details
Bank Name
Suryoday Small Finance Bank
Account Name
Salary Savings Standard
Account Type
Salary
Interest Rate
Up to and including Rs. 1 Lakh: 3.00%
Above Rs. 1 Lakh up to & including Rs. 5 Lakh: 5%
Above Rs. 5 Lakh up to & including Rs. 10 Lakh: 7.25%
Above Rs. 5 Lakh up to & including Rs. 2 Crore: 7.5%
Free Debit Card
No.
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Account Opening Fees
Nil.
Annual Maintenance Fees
Nil.
Minimum Account Balance
Nil.
Debit Card Charges
INR 199.
NEFT Charges
Unlimited free via Net Banking/Mobile Banking. Chargeable at branch.
IMPS Charges
10 free via Net Banking/Mobile Banking (funglible between RTGS and IMPS). Chargeable at branch
Fees and Charges
Salary Savings Standard
Special Features
Monthly Interest Pay-out.
Eligibility Criteria
Customer needs to be employed with a corporate that has a salary account relationship with the bank.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
High interest rate.
Monthly pay-out of interest.
Free RTGS/NEFT/transactions on Net Banking/ Mobile Banking /
Zero balance account.
Cons
Suryoday has limited branch and ATM network.
Suryoday Small Finance Bank Salary Account Standard Review
The account offers a number of value add features along with a high interest rate. Overall the account is a good account to have.
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?
1. Check Eligibility:
Employment: You must be employed by a company that has a salary account relationship with Suryoday Small Finance Bank. Delight your earnings with Salary Savings Account Premium - Suryoday Small Finance Bank www.suryodaybank.com
Age: You should be at least 18 years old.
2. Gather Required Documents:
Proof of Identity: Aadhaar Card, PAN Card, Passport, Driving License, Voter ID
Proof of Address: Aadhaar Card, Passport, Driving License, Voter ID, Utility Bills
Photograph: Recent passport-sized photograph
Salary Slip/Offer Letter: To confirm your employment and salary details
3. Choose a Method:
Visit a Branch:Locate the nearest Suryoday Small Finance Bank branch.
Obtain an account opening form.
Fill out the form accurately.
Submit the required documents.
Make the initial deposit (if required).
Online Application (if available):Visit the Suryoday Small Finance Bank website.
Look for the "Salary Savings Account" option.
Fill out the online application form.
Upload the necessary documents.
Submit the application.
You may need to visit a branch later for verification.
4. Account Activation:
Once your application is approved, your account will be activated.
You will receive your account details, including your account number, debit card (if applicable), and net banking credentials.