Types of Savings Bank Account

• Regular Savings Account: A standard bank savings account option which comes with basic terms and rates. Maintenance of a min. balance at all times is a must.
• Salary Based Savings Account: Offered to employees of recognised institutions/companies at specific terms and rates. As long as the employer credits salary into this account, account holder continues to receive special benefits such as the "zero balance".
• Savings Account for Senior Citizens: Most of the banks provide exclusive banking privileges to senior citizens such as higher rate of interest coupled with other benefits.
• Savings Account for Children & Minors: To encourage savings habit in children and to help them understand the nuances of banking. Accounts are maintained with some level of supervision from parents/guardian.
• Exclusive Benefits Account for Women: A savings bank account designed for women with exclusive features and rates. Loans at special rates may be extended to women entrepreneurs on the basis of their savings account.
• Zero Balance Savings Account: Offered to people from limited income group under various central and state government schemes.

In addition to the above, banks and institutions offer an array of savings account options based on specific criteria.

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan