Services Offered by Top Banks on Savings Bank Accounts
Last Updated : March 6, 2025, 6:40 p.m.
A Savings Bank Account is one of the most popular and useful banking products among customers. The reason being a savings account helps customers develop a money-saving habit from an early age. It also offers an attractive savings account interest rate .But there is one more thing that trumps all other reasons by a fair margin – An extensive range of services that customers can enjoy by having a Savings Bank Account. When an individual opens a Savings Bank Account in any bank, there are a few services like Mobile Banking, SMS Alerts, Internet Banking, Chequebook facility, Cash Withdrawal, ATM/Debit Card facility, Passbook facility, Nomination Facility, that a bank provides on the same.
Several banks provide different types of Savings Account to customers according to their needs. Since there are so many options when choosing a Savings Account, it is important to compare all the services provided by some of the leading Top Savings Bank Accounts. When we talk about the Top Savings Bank Account, the banks who provide these are State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bank of Baroda.
So, how does the same service provided by a Savings Bank Account of one bank differ from another? We will cover some of the important services one after another in this article. Let’s begin.
Cheque Book Facility
One of the most popular services that customers get with a Savings Bank Account is the Cheque Book facility. So how does a Cheque help customers? A Cheque is a financial document that helps customers to pay a specific amount of money from his or her account to someone else’s account, on whose name the cheque has been issued. A cheque helps customers in a hassle-free money transfer, Bill Payments, School Fee Payments, etc. Every customer gets a Cheque Book facility with a definite number of cheque leaves without any extra charge. This number may vary from one bank to another. After you have exhausted the given leaves, the bank will charge for every cheque leaf you use.
Below are the charges for a Cheque Book facility provided by top banks to their Savings Bank Account. Have a look.
| Bank | Cheque Book Facility Description |
|---|---|
SBI | First 10 Cheque Leaves free in a financial year Thereafter, 10 Leaf Cheque Book at INR 40 + GST 25 Leaf Cheque Book at INR 75 + GST |
HDFC Bank | First 25 Cheque Leaves free in a financial year Any additional Cheque Book of 25 Leaves at INR 100 per cheque book and INR 75 for senior citizens |
ICICI Bank | 2 Cheque Books with 10 Leaves each free in a year Thereafter, INR 20 plus GST of 18% is applicable. |
Kotak Mahindra Bank | 5 cheques are free per year Thereafter, INR 3 will be charged per leaf |
Bank of Baroda | Get 30 Leaves in a Financial Year for FREE (For Metro-Urban Locations) Thereafter, INR 4 per Leaf and INR 2.5 for senior citizens and rural areas |
Number of Cash Transactions
Cash Transaction facility (both Deposit and Withdrawal) is one of the premier services provided by top banks to their savings bank account holders in India. With this facility, customers can deposit their hard-earned money or withdraw the amount from the Savings Account Balance to fulfill their needs. Each bank allows a specific number of cash transactions or a definite transaction value on a monthly or daily basis without any charges. Above this limit, savings bank account holders need to pay a definite charge for each transaction that varies from one bank to another. We are showing the cash transaction facilities of savings bank accounts offered by top banks in India. Do check.
| Banks | Cash Transaction Facility |
|---|---|
SBI | 3 Free Cash Transactions per month Thereafter, INR 50 + GST per transaction Free up to INR 2 lakh per day Thereafter, INR 0.75 + GST per 1,000 (Minimum - INR 50, Maximum - INR 20,000) |
HDFC Bank | 4 Free Cash Transactions per month Thereafter, INR 50 per transaction Free up to INR 2.5 lakhs per month at any branch Thereafter, INR 5 per 1,000 (Minimum of INR 150) |
ICICI Bank | 4 Free Cash Transactions per month Thereafter, INR 150 per transaction Free up to INR 2 lakh per month at the Home Branch Thereafter, INR 5 per 1,000 (Minimum of INR 150) Free up to INR 25,000 per Day at Non-Home Branches Thereafter, INR 5 per 1,000 (Minimum of INR 150) |
Kotak Mahindra Bank | Zero Charges up to 5 Transactions or INR 3 lakh per month (whichever is earlier) Thereafter, Charge of INR 5 on per 1,000 (Minimum of INR 50) |
Bank of Baroda | Up to 5 transactions - Free after that 50 per transaction and 40 per transaction for rural and semi urban |
ATM/Debit Card Transactions
When you open a Savings Account, each bank provides an ATM/Debit Card with which you can do several things such as Bill Payments, Cash Withdrawal, Online & offline Shopping, Money Transfer, etc. The charges for the ATM/Debit card depend on the type of card your bank is providing.
But the most important thing that you need to know is the number of free transactions you can do with your ATM/Debit Card. Because, after a fixed number, the bank starts to charge the same. However, the charges can vary from one bank to another and from one location to another. The ATM/Debit Card Transactions are mainly of two types — Financial (Cash Withdrawal) and Non-financial (Balance Enquiry, Mini Statement, Pin Change, Mobile Number Updation, etc.)
That’s why we are showing the details about ATM/Debit Card Transactions that top banks offer to their Savings Bank account holders. Please check.
| Bank | ATM/Debit Card Transactions |
|---|---|
SBI | At SBI ATMs Up to AMB of INR 25,000 - 5 Free Transactions Above AMB of INR 25,000 - Unlimited At Other Bank ATMs Up to AMB of INR 1 lakh - 3 Free Transaction at 6 Metro Cities and 5 at other locations Above AMB of INR 1 lakh - Unlimited |
HDFC Bank | At HDFC Bank ATMs First 5 Transactions per month across all cities - Free No Charges on Non-financial Transactions Other Bank ATMs First 3 Transactions in 6 Metro Locations and First 5 Transaction in all other locations - No Charges Thereafter, INR 21 per Financial and INR 8.50 per Non-financial Transaction |
ICICI Bank | First 3 Transactions in 5 Metro Locations and First 5 Transaction in all other locations - No Charges Thereafter, INR 20 per Financial and INR 8.50 per Non-financial Transaction |
Kotak Mahindra Bank | Nil Charges till 5 transactions. Post the free transactions it is INR 20 for cash withdrawal and INR 8.5 for non- financial transactions. |
Bank of Baroda | First 3 Transactions - No Charges Thereafter, INR 11.8 per Financial and INR 5.9 per Non-financial Transaction |
Passbook Facility
How do customers keep track of their Savings Bank Account transactions? Well, for this, banks provide the Passbook Facility with which customers can record their transactions like Deposit or Withdrawal of the money date-wise. You can also use balance check facilities. For example, if you have a HDFC Bank account, you can use the HDFC Bank Balance Check number to check your balance. A Bank Passbook can also be used as the Identification and Address Proof for different things. Generally, customers get a passbook from the bank without paying any extra cost for this. However, you may need to pay a certain charge if you want to issue a duplicate passbook for your Savings Bank Account. You can look at the passbook facility for some of the top Savings Bank Accounts in the table below.
| Bank | Passbook Facility |
|---|---|
SBI | First Passbook - Free Issuance Charges of the Duplicate Passbook - INR 100 + GST Thereafter, INR 50 + GST per page ( 40 Entries) |
HDFC Bank | Free Passbook facility at the Base Branch Duplicate Passbook Issuance - INR 100, for senior citizens INR 90 |
ICICI Bank | Free Passbook facility at Home Branch |
Kotak Mahindra Bank | Nil Charges for the First Passbook and issuance of the Duplicate Passbook |
Bank of Baroda | Duplicate passbook Issuance Charges - INR 100 |
Value-added SMS Alert Facility
Banks also provide the SMS Alert Facility to their Savings Bank Account Holders. You must be thinking, what is this SMS Alert facility all about? Well, with this, customers can get updated about the transactions in their Savings Bank Accounts such as Withdrawals, Deposit, Balance Enquiry, etc. For this facility, the banks charge a definite amount from the customers that can vary from one bank to another. We are showing the details about this facility in the below table. Please check.
| Bank | SMS Alert Facility |
|---|---|
SBI | NIL |
HDFC Bank | INR 20 paise per SMS (Although customers who have selected only ‘Email Alerts’ will not be charged) |
ICICI Bank | INR 15 paise per SMS |
Kotak Mahindra Bank | Daily - INR 30 per quarter Weekly - INR 15 per quarter |
Bank of Baroda | INR 15 per Quarter |
Best Offers For You!
Account Balance Check by Bank
- SBI Balance Check
- PNB Balance Check
- Bank of Baroda Balance Check
- Canara Bank Balance Check
- YES BANK Balance Enquiry
- RBL Bank Balance Check
- Kotak Bank Balance Check
- ICICI Bank Balance Enquiry
- HDFC Bank Balance Check
- Federal Bank Balance Check
- Bandhan Bank Balance Check
- Axis Bank Balance Check
- AU Bank Balance Check
- Bank of Maharashtra Balance Check
- Indusind Bank Balance Check
- UCO Bank Balance Check
- Union Bank of India Balance Check
- Punjab & Sind Bank Balance Check
- Indian Overseas Bank Balance Check
- Central Bank of India Balance Check
- Indian Bank Balance Check
- IDFC First Bank Balance Check
- DCB Bank Balance Check
- Karur Vysya Bank Balance Check
- South Indian Bank Balance Check
Account Mini Statement by Bank
- SBI Mini Statement
- ICICI Bank Mini Statement
- Axis Bank Mini Statement
- PNB Mini Statement
- IDFC First Bank Mini Statement
- Indusind Bank Mini Statement
- Kotak Bank Mini Statement
- YES BANK Mini Statement
- Indian Bank Mini Statement
- Union Bank of India Mini Statement
- Bank of Maharashtra Mini Statement
- Central Bank of India Mini Statement
- Canara Bank Mini Statement
- Bank of Baroda Mini Statement
- RBL Bank Mini Statement
- Punjab & Sind Bank Mini Statement
- Indian Overseas Bank Mini Statement
- Federal Bank Mini Statement
- Bandhan Bank Mini Statement
- Karur Vysya Bank Mini Statement
- South Indian Bank Mini Statement
- DCB Bank Mini Statement
- IDBI Bank Mini Statement
- Bank of India Mini Statement
