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Frequently Asked Questions

What is Sanman Savings Account?

Sanman Savings Account is a unique proposition bundled together to cater banking needs of Rural India.

It ensures faster & secure access to all banking needs at low maintenance. Enjoy free access to all domestic Visa ATMs or carry out Fund transfer, NEFT, IMPS or pay your utility bill all with one savings account.

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What is the minimum Average Quarterly Balance (AQB) requirement for Sanman Savings Account?

The minimum Average Quarterly Balance requirement in Sanman Savings Account is Rs. 2,000/-.

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In what ways can I track my account?

You have access to a number of channels to track the transactions in your account:

  • Physical account statements are sent quarterly for Edge/Pro/Ace accounts
  • Mini statements through the ATM
  • Email and Mobile alerts
  • Account balance enquiry through SMS
  • View account details & transactions through Net Banking

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What is the rate applicable on the savings account?

Following are the rates:

  • Above 1 Lakh and up to 1 Crores the interest rate applicable is 6% p.a.
  • Up to 1 Lakh, the interest rate applicable is 5.0% p.a.
  • Above 1 Crores, the interest rate applicable is 5.5% p.a.

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What is the ActivMoney facility?

Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.

The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.

The advantages of this facility are:

  •         Higher rate of interest earned.
  •         You need NOT track idle funds regularly & give instructions to the bank to create Term Deposits out of Savings Account balances.
  •         Greater Flexibility & Liquidity as the funds flow back into the Savings Account if the balance in the Savings Account falls below a particular level.

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