Blossom Women Savings Account
The Blossom Women Savings Account gives a monthly interest credit and an interest rate of 7% each year, according to a press release issued by the bank. It also comes with a RuPay Platinum Debit Card that has been expressly created to offer discounts for shopping and online purchases, among other things.
Also read: 5 banks offering 7-7.5% interest rate on savings accounts
Benefits of Blossom Women’s Savings Account
According to the Suryoday SFB press release, these are the benefits of Blossom Women’s Savings Account.
- An exclusive and free Rupay Platinum Debit Card that rewards women customers with discounts and cashbacks.
- Monthly Interest Pay-out in the account
- 1 complementary account for child(Savings Aditya Account)
- Concession processing fees on 2-wheeler loan (*select cities only)
- Door-step banking as per availability
- Insurance as per the Debit card variant.
- AMB of Rs10,000
- Add-on voucher: FREE Couple Movie tickets or ; Spa/Salon (on New account opening, only one voucher per account)
Savings account variants
Suryoday SFB offers different savings account such as Savings Ujjwal, Savings Aditya, Savings Classic, Savings Supreme, Savings Health and Wellness and Basic Savings Bank Deposit Account.Savings account interest rate
Savings Account Rate (Effective: From March 01, 2023)
| Daily Closing Balance Slabs (Domestic/NRE/NRO) | % rate per annum* |
| Up to and including Rs. 1 Lakh | 3.75% |
| Above Rs. 1 Lakh up to & including Rs. 5 Lakh | 6.75% |
| Above Rs. 5 Lakh up to & including Rs. 50 Lakh | 7.00% |
| Above Rs. 50 Lakh up to & including Rs. 2 Crore | 7.00% |
| Above Rs. 2 Crore up to & including Rs. 5 Crore | 6.50% |
| Above Rs. 5 crore | 5.00% |
Savings account interest
According to the Suryoday SFB website, “Interest will be calculated on the daily closing balance in the Savings Account, as per extant guidelines from the Reserve Bank of India. Slab rates are applicable on the incremental amount based on the daily closing balance in the Savings Account. Interest payout will be made on a monthly basis on the last day of the calendar month.”