A Savings Account is the perfect place to securely store and grow your hard-earning savings. Today, they come loaded with a variety of features and offer numerous advantages. If you are considering opening an account, ensure you opt for a reputed bank that offers accounts packed with lucrative features. These simplify various aspects of your financial life and let you enjoy several bespoke privileges.
However, if you are clueless about the features that make your Savings Account better, the following pointers might help:
Instant online account opening
Today, you can instantly open your Savings Account onlineanywhere and anytime. The process is quick and usually paperless. It also saves you the hassle of commuting to the bank, waiting in lines, and filling out paperwork.To open an account online, simply follow these steps:
- Download the Banking app or visit the bank website.
- Follow the necessary steps in the account opening process and verify your account using video-KYC.
- Once your bank verifies the details, it opens your account and sends your account details to your registered email address.
Debit Cards
Banks typically offer a Debit Card when you open an account with them. You can use such a card to withdraw money from an ATM. You can also use it to make payments at stores, online payment gateways, etc. Today, you can also enjoy the benefit of no longer swiping a card. Instead, you can tap it to enjoy seamless payments.
Internet and Mobile Banking
When you open a Savings Account, you usually benefit from the Mobile and Online Banking platforms. You can use these to send and receive money. You can also use them to enjoy other features and advantages.
Easier bill payments
You can register your billers, schedule payments, and pay your utility bills easily with a Savings Account.
Attractive interest rates
When you open a Savings Account, you can deposit your savings and earn interest at an attractive rate. Hence, it lets you grow your money. To make the most of this benefit, look for the highest interest rates on Savings Accounts when opening your account.
Seamless fund transfers
Once you open an account, you can send money to your payees across the world using various channels. For example, you can utilise RTGS, IMPS, etc., for high-value transactions. You can also transfer money overseas while enjoying benefits like preferential conversion rates, etc.
Instant Loans
Opening a Savings Account allows you to fulfil your dreams using fast-track Personal Loans.
Invest conveniently
Once you do an online Savings Account opening, you can enjoy the benefit of investing your money in risk-free Term Deposits. This way, you can save for your goals and earn assured returns on your deposits. Opening an account with a reputed bank also lets you invest in multiple top-rated Mutual Funds.
