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Frequently Asked Questions
Q. How does aaSaan work? What is different about aaSaan? What is special about it?
aaSaan is a "no minimum balance account" which has fully loaded features.
For example, without committing to a minimum balance, you get:
- First 5 ATM financial and non-financial transactions in a month are free from domestic Non-SCB VISA ATMs(maximum per transaction value Rs.10,000), post which there is a charge of Rs.20. Refer to the Schedule of Service Charges for charges
- FREE anywhere banking (customer-in-person in non-domicile branches)
What’s more, you can also avail of an International Debit card (at a fee) and FREE local cheque book with this account.
Q. Do I get charged for Branch access?
There is NO restriction in terms of you accessing your account from SCB branches (customer-in-person at non-domicile branches) and SCB-ATMs.
What's more, you even get 5 FREE financial and non-financial transactions from domestic Non-SCB VISA ATMs each month.
Q. What are the eligibility criteria for opening an aasaan Savings Account?
The aaSaan savings account is only offered PAN INDIA in all Standard Chartered Bank locations.
Any Indian citizen, resident in any of the Standard Chartered Bank locations can open
this account – if he/she has a Monthly Household Income of less than or equal to Rs. 10000
(subject to meeting documentation and other KYC requirements)
Q. What is the minimum balance required to be maintained for an aaSaan Savings Account? How much will I be charged for opening this account?
There is No minimum balance to be maintained in this account.
This account comes to you without any minimum balance requirement.
Q. Is there a limit on the number of times I can withdraw money from SCB and non-SCB ATMs?
You can access your account any number of times from SCB
ATMs for aaSaan. As for Domestic Non-SCB VISA ATMs, you get 5 FREE ATM financial and non-financial transactions per month.
Q. What is the rate of interest that I will earn on the balance in my aaSaan Savings Account?
The interest that you will earn on savings account is 4.0% p.a. The same is calculated in the manner prescribed by RBI.
Q. Is aaSaan a salary account product?
No, both salaried as well as non-salaried customers in these select cities can have an aaSaan account.
Q. Will I get a cheque book along with the welcome kit?
You will get a FREE local cheque book with aaSaan. The payable-at-par cheque book will be available to you at Rs. 225 for a 25-leaf cheque book.
Q. What would be the frequency of statements for this account?
FREE Quarterly statements will be mailed across to your address captured on the system. You can also avail of the FREE passbook and FREE monthly statement facility at your branch.
Q. What are the other channels that I can use to access this account from?
With the aaSaan account, you will get FREE access to
- Online Banking
- Phone Banking
- SCB ATMs
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