Are you dreaming of a holiday in scenic Europe or relaxing on a serene beach in Mauritius? With financial discipline
and consistent saving, you can turn these dreams into reality! You may not realise it, but even your Savings Account
has the potential to help you grow your travel funds. You just need to understand various features and benefits of
Savings Accounts!
Tips for using a Savings Account for travelling
1. Open a dedicated Savings Account
Keep your travel fund in a separate Savings Account. If you
use the same account for your daily expenses and savings, it becomes hard to track your progress. You may also
accidentally spend money from your travel fund. Thanks to technology, you can now open a Savings Account online.
2. Automate your savings
Don't rely on your willpower and motivation for hitting your travel
saving goals. Set up monthly automatic transfers from your Salary
Account to your dedicated travel Savings Account. Alternatively, you can open a Recurring Deposit for a specified number of months, as per your
travel plans.
3. Look for a high-interest Savings Account
Since you are going to keep your travel fund in a
Savings Account, make sure you are earning good interest on it. Look for Saving Accounts that provide higher
interest rates so that you can earn higher interest as well.
4. Make the most of your rewards and benefits
This is one of the best tips to save money with
Savings Account for travel. Banks offer lots of reward points, cashback and even welcome benefits to new account
users. Use these perks to reduce your regular expenses and put some extra money in your travel fund.
Some Savings Accounts provide benefits on flight or hotel bookings, while select Debit Cards offer free airport
lounge access. Explore various Savings Accounts offered by banks to pick the Saving Accounts with the most useful
rewards and benefits.
Axis Bank allows you to open a Savings Account without any branch visits, paperwork and long waiting periods. The
AMAZE Zero Balance Digital Savings Account
offers welcome benefits worth ₹5,999 on services you use daily, such as ticket booking, ordering food, and
travelling through cabs. You can also get complimentary physical and virtual Debit Cards.
Also Read: A Savings Account can help realise your short-term goals
Conclusion
The most thrilling and fulfilling moments of your life take place while travelling. You get to visit stunning places
all around the world and learn about different cultures. However, travelling can be costly! To spend your holidays
stress-free and save money, you must follow financial discipline.
The tips discussed above will help you unlock the potential of a Savings Account in helping you turn your travel
dreams to reality. You can start travel planning with a Savings Account right now!
Disclaimer: This article is for information purpose only. The views expressed in this article
are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd.
and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader
for taking any financial decisions based on the contents and information. Please consult your financial advisor
before making any financial decision.