Double Advantage on savings with 2in1 account from standard chartered.

Exclusive benefits of a 2 in 1 account:

Effective 28th March 2009, the 2 in 1 limit on the operative account has been enhanced from the current 75% to 95% of the linked Term Deposit value

Earn fixed deposit interest rates
Minimum amount of first deposit is Rs.50,000. Subsequent deposit can be made of a minimum value of Rs.10,000 and in multiples of Rs.1,000 thereafter
Enjoy the flexibility of a Savings or a Current Account
Get a free personalized cheque book and Debit/ATM card
Withdraw money whenever you need it
Deposit more money in your account to earn a higher rate of interest by placing subsequent deposits
Get account related information at your fingertips with Phone Banking

The 2-in-1 account gives you the facility of linking your fixed deposits with a savings or current account. In case of any shortfall in the savings or current account, funds will be automatically swept in from the linked fixed deposits, thus giving you a combination of both liquidity and higher returns.

And that’s not all either. In case you need to withdraw amounts in excess of what is available in your savings or current account, we will break your deposit for the exact amount you require. The rest of the deposit continues earning the original high interest.

Interest Rate (Carded) for Term Deposits W.E.F March 04, 2010
Domestic and NRO Deposits
Tenor	Current Rate Effective	Revised Rate effective
Tenor	02- March-10	04- March-10
15-29 days	2.90%	3.00%
30-45 days	3.15%	3.25%
46-59 days	3.45%	3.55%
60-89 days	3.75%	3.85%
90-179 days	4.00%	4.10%
180 days < 1 year	5.00%	5.10%
1 year <= 367 days	5.25%	5.35%
368 days*	6.75%	6.75%
369 days < 18 months	5.25%	5.35%
>=18 Months < 2 years	5.75%	5.75%
2 years < 3 years	6.25%	6.25%
3 years < 4 years	6.50%	6.50%
4 years <= 5 years	7.00%	7.00%

Rupee Time deposits held in Domestic, Ordinary Non-Resident (NRO) Accounts:

Rupee Time deposits held in Domestic, Non-Resident Ordinary (NRO) Accounts:

Traditional Term Deposit:

For term deposit with tenor below 1 quarter (3months) :

Interest is calculated on the basis of actual number of days considering the year as 365 days

For term deposit with tenor greater than 1 quarter

Interest for the quarter is calculated considering each quarter as 90 days and year as 360 days (90 days*4Quarters)

Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days

Reinvestment Term Deposit

Interest for each completed quarter is calculated considering each quarter as 90 days and year as 360 days (90 days*4Quarters).

Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days.

Interest for each quarter is compounded.

This methodology is applicable for all resident and NRO deposits opened after 24^th February, 2009.

2 in 1 Account