A savings account is an interest-bearing deposit account held at a bank, Post office or another financial institution like Nidhi Company that provides a modest interest rate. These accounts let customers set aside a portion of their liquid assets while earning a monetary return. The bottom line is that any solid financial plan rests on a foundation of liquid assets, such as cash and the money in your checking account. Your checking account may handle your everyday expenses, but there are good reasons to have extra money in a savings account. Savings account is an interest-bearing account with certain limitations.

Savings Account from Shubh bhavishya Nidhi:

Shubh bhavishya Saving Deposit Schemes is most suitable for the customers who desire to invest their monthly surplus funds of a fixed amount for a fixed period and reinvest the accrued / earned interest thereon at an attractive rate of interest. The depositors can set the target for saving Deposit Schemes maturity amount, time period & enjoy the benefit of quarterly compounding of interest.

Shubh bhavishya Saving Account Term and Conditions:

• Minimum balance: 500rs.
• Membership fee : 100rs only one time for new members ( 0rs. for already existing member of SBNL)
• No charges will be on activation of Dormant or Inactive accounts .
• Passbook charges: 50Rs.
• Duplicate passbook charges: 50rs.
• Download Bank statement : 0Rs. charges 
• Account can be opened online and offline both.

Types of Savings Account at Shubh bhavishya Nidhi limited

Shakti Saving Account:

• Minimum Balance for Lifetime : 0
• SMS charges for Lifetime: 0
• Consolidation Charges for Lifetime : 0
• Ledger Folio Charges for Lifetime : 0
• Cash deposit Charges : 0
• Cash Withdrawal Charges : 0
• Interest in Shakti Saving Account : 3% Annual interest
• Monthly ATM WITHDRAWALS Free at HDFC : 02
• Cash withdrawal by ATM per day is 10,000 and 15 lakh on annual basis

Normal Savings Account:

• Minimum Balance : 500 Rs.
• Interest in Normal Savings Account : 6% Interest On Annual Basis
• CASHBACK IN MOBILE RECHARGE
• CASHBACK IN DTH RECHARGE
• SMS charges for Lifetime: 0
• Consolidation Charges for Lifetime : 0
• Ledger Folio Charges for Lifetime : 0
• Cash deposit Charges : 0
• Cash Withdrawal Charges : 0
• Monthly ATM WITHDRAWALS Free at HDFC : 04
• Cash withdrawal by ATM is 25,000 per day and 15 lakh on annual basis.

Note : We are providing Flat 6% interest in normal savings account regardless of the amount in savings accounts. Other Banks have different slabs as per the balance maintained in saving account  but we give this interest to every single person whether he have 500 Rs or 5 crore Rs in savings account.

Royal Savings Account:

• Minimum Balance :1000 Rs.
• Interest in Normal Savings Account : 6% Interest  On Annual Basis
• CASHBACK IN MOBILE RECHARGE
• CASHBACK IN DTH RECHARGE
• SMS charges for Lifetime: 0
• Consolidation Charges for Lifetime : 0
• Ledger Folio Charges for Lifetime : 0
• Cash deposit Charges : 0
• Cash Withdrawal Charges : 0
• Monthly ATM WITHDRAWALS Free at HDFC : 35
• Cash Withdrawal by ATM is 1 lakh per day & 15 lakh On Annual basis

Other Facilites In Mobile App

• Policy Creation
• Fund transfer
• Pay renewals
• Download Reports
• Download Account statement
• Cash back on every mobile recharge
• DTH Recharge
• FASTAG
• PAy electricity bills online
• Pay insurance policies renewals
• Book flight tickets
• IRCTC bookings
• Hotel bookings
• School fees
• Movies ticket booking