Regular V/S Premium Savings Accounts: Know The Difference And Make The Right Choice​

Do you have a regular savings account or a premium one?

Understand the meaning of and differences between these accounts to choose the right one.

Regular Savings Account

This is a basic savings account offered by most banks. It has simple eligibility parameters and a low minimum balance requirement.

Premium Savings Account

Loaded with premium features and benefits, this account is usually offered to High-Net-Worth Individuals (HNIs).

Features of regular savings accounts

• Low minimum balance requirement

• Limited additional privileges

• Standard banking facilities

• Basic debit card

Features of premium savings accounts

• High minimum balance requirement

• Multiple perks and privileges

• Premium debit card with international acceptance

Which one to choose?

A premium account is suitable if you are eligible and have optimal funds to maintain the balance. Else, a regular account is a good choice.

Get premium features with a regular IDFC FIRST Bank Savings Accounts like a rewarding debit card, monthly interest credits and zero-fee banking.