This is its first retail offering post Core Banking Transformation
Mumbai, April 7, 2026: CSB Bank on Tuesday announced the launch of its
‘Smart Save Account’, marking its first retail offering following the successful
upgradation of its core banking platform.
The new account, available in Savings, Current & NRO variants, aims to enhance
returns on idle balances while maintaining liquidity. It features auto-sweep facility
that transfers surplus funds into Fixed Deposits. The account offers up to 7% interest
on sweep-in Fixed Deposits with a 13-month tenure thereby enabling customers to
earn interest on excess funds without manual intervention.
The launch comes as part of CSB Bank’s broader digital transformation strategy, with
the upgraded core infrastructure enabling rollout of automation-led, customer-centric
offerings.
Designed for Today’s Dynamic Customers:
Savings Account: Targeted at salaried individuals and customers maintaining higher
balances.
Current Account: Designed for businesses and professionals managing fluctuating cash
flows.
NRO Account: Aimed at Non-Resident Indians for managing India-sourced income such
as rent, dividends and pensions.
Key Features:
Auto-sweep facility of surplus funds into fixed deposits
Up to 7% interest on 13-month sweep-in deposits
No lock-in, ensuring anytime liquidity
Complimentary RuPay Platinum debit card
Up to 30% discount on locker rentals
Mr. Anupam Kumar, Head – Liabilities, CSB Bank, said:
“The Smart Save Account represents our vision of simplifying banking while enhancing value
for our customers. With features like auto sweep, attractive returns, and seamless liquidity,
we are enabling customers to make their money work harder—without compromising on
convenience. This launch is another step forward in our journey to build a digitally
empowered, customer-first bank.”
