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  • Group Project 01 Answer Sheet - Annexure 1

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    KARTIK PANPALIA 22DM122
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    This document summarizes and compares savings bank accounts and current accounts between HSBC Bank and Yes Bank. For savings accounts, HSBC offers accounts with no minimum balance required but lower interest rates of 2-2.5%, while Yes Bank offers higher interest rates of up to 6.25% but requires a minimum balance of Rs. 5,000 or Rs. 25,000. Yes Bank also provides additional benefits like discounts on healthcare. For current accounts, neither bank provides interest but Yes Bank markets its current account as a "Business Value" account.

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    This document summarizes and compares savings bank accounts and current accounts between HSBC Bank and Yes Bank. For savings accounts, HSBC offers accounts with no minimum balance required but lower interest rates of 2-2.5%, while Yes Bank offers higher interest rates of up to 6.25% but requires a minimum balance of Rs. 5,000 or Rs. 25,000. Yes Bank also provides additional benefits like discounts on healthcare. For current accounts, neither bank provides interest but Yes Bank markets its current account as a "Business Value" account.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    Group Project 01 Answer Sheet - Annexure 1

    Uploaded by

    KARTIK PANPALIA 22DM122
    This document summarizes and compares savings bank accounts and current accounts between HSBC Bank and Yes Bank. For savings accounts, HSBC offers accounts with no minimum balance required but lower interest rates of 2-2.5%, while Yes Bank offers higher interest rates of up to 6.25% but requires a minimum balance of Rs. 5,000 or Rs. 25,000. Yes Bank also provides additional benefits like discounts on healthcare. For current accounts, neither bank provides interest but Yes Bank markets its current account as a "Business Value" account.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Group Project Report Group No.

    5 Name of Co-ordinator: AVICHAL YASHASWI


    Q. No. Name of Product Bank A Bank B

    HSBC BANK YES BANK


    a) SAVINGS BANK ACCOUNT
    Example 1 REGULAR/BASIC SAVINGS ACCCOUNT YES RESPECT SAVINGS ACCOUNT
    i. Rate of interest 2% TO 2.5% p.a. Up to 6.25% p.a.
    ii. Min. MAB/QAB NIL AMB:Rs. 5000
    iii. KYC documents Identity and Address proof( such as PAN Card Identity and Address proof( such as PAN Card
    and Aadhar Card) and Aadhar Card)
    iv. Nomination facility YES YES

    v. One more Special feature No minimum balance required. Discounts and offers are provided at various
    healthcare brands.
    Example 2 INVESTMENT SAVINGS ACCOUNT YES GRACE SAVINGS ACCOUNT

    I. Rate of interest 2% TO 2.5% Up to 6.25%

    II. Min. MAB/QAB QAB: Rs. 1,50,000 AMB: Rs. 25000

    III. KYC documents Identity and Address proof( such as PAN Card Identity and Address proof( such as PAN Card
    and Aadhar Card) and Aadhar Card)
    IV. Nomination facility YES YES

    V. One more Special This account comes with a risk that you might Safe deposit locker is provided for the first year
    feature not get back what you invest. (free of cost).
    Observations (in 100 words) about the In HSBC Bank, rate of interest is 2-2.5% and in the case of Yes Bank, it is upto 6.25%. Yes Bank
    difference in product features of the has provides a safe deposit locker free of cost for the first year which is a key differentiator.
    two banks. HSBC Bank has a competitive advantage as it does not have any requirement of Minimum
    Balance to be maintained. Yes bank has a minimum account balance requirement of Rs 25000
    and QAB of Hsbc bank is Rs 150000 which is a downside for the latter. There are also advantages
    of opting Yes bank as it provides additional coupons and vouchers for various healthcare brands.
    b) CURRENT BANK ACCOUNT HSBC BANK YES BANK

    Example 1 START VARIANT CURRENT ACCOUNT BUSINESS VALUE CURRENT ACCOUNT

    I. Rate of interest NIL( No interest is given on current account) NIL( No interest is given on current account)

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