What is sb account in bank

An SB account, or Savings Bank account, is a type of deposit account offered by banks in India that allows individuals to store their money safely while earning a modest interest. It is designed to promote the habit of saving among the public. Key features include:

• Liquidity: You can withdraw your funds anytime through ATMs, cheques, or internet banking.
• Interest: The balance in the account earns interest, typically credited on a half-yearly or quarterly basis.
• Safety: Funds are secure and often insured under the DICGC up to ₹5 lakh.