Savings Account Eligibility Calculator

Savings accounts are the safest form of investing money. It majorly provides solution for day-to-day banking needs and keeps you ready for emergency. And with net banking, you can transfer money to other savings account or repay your bill from the money stored in your savings account.

Savings Account Eligibility

A savings account can be opened by all Indian citizens. The savings account can be in name of a single person or opened with multiple people, known as joint savings account. In case of any unfortunate event, the money is handed over to the nominee.

SBI Savings Account Eligibility


SBI has different types of savings accounts such as Premium Savings account, Saving Plus Account, Yuva Savings Bank Account, Small account, Savings Bank accounts for minors and Pehla Kadam and Pehli Udaan, are savings bank accounts specially for children.


  • No Minimum Balance requirement.
  • Earn Interest at 4.00% p.a. based on daily balance.
  • Safe Deposit Lockers as per availability.
  • Nomination facility is available and recommended.
  • SMS Alerts and e-Statement facility.
  • Auto Sweep facility.
  • Mobile and internet banking

HDFC Savings Account Eligibility

With HDFC, avail facilities such as Safe Deposit Lockers, Sweep-In and Super Saver facilities on your Savings Account. Different types of HDFC savings account include regular savings account, women’s savings account, kids advantage account, senior citizen account, family savings group account, basic savings bank deposit account, institutional savings account and BSBDA small account.

A Regular Savings Account is for anyone who is a:

  • A resident individual (sole or joint account)
  • A Hindu undivided family
  • A foreign national

If you are a foreign national, you have to be residing in India for a period greater than 180 days and you have to provide us with:

  • A valid passport
  • A valid Visa
  • FRRO (Foreign Regional Registration Office) Certificate
  • Residential permit

Minimum Balance Requirement

  • A minimum deposit of Rs. 10,000 (metro/urban branches), Rs. 5000 (semi-urban/rural branches) is required to open a savings account and thereafter an average monthly balance of the same amount has to be maintained.

  • Please note: It is mandatory to maintain a minimum average monthly balance (AMB) of Rs. 10,000 (metro/urban branches), Rs. 5000 (semi-urban), Rs. 2500 AQB (rural branches). 

ICICI Savings Account Eligibility

ICICI Savings Account comes with attractive features such as the liberty to choose the account number that could be your child’s birth date, wedding date etc. Pocket wallet, mobile and internet banking, savings reward, discount on health services are some other features of the same. And, the minimum Monthly Average Balance (MAB) required to be maintained for a Savings Account is Rs.10,000/- in metro and urban locations, Rs. 5,000/- in semi-urban and Rs. 2,000/- in rural locations.

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