Benefits and advantages of a Savings Account include:
- A safe and liquid avenue to park your funds
- A source of regular interest, even as you access the money for your transactions
- Access to a Debit Card linked to your Savings Account helping you make cashless transactions which is safer and more secure than handling cash
- Online fund transfer options such as UPI, IMPs, NEFT or RTGS to seamlessly transfer money from your Savings Account for payments and other needs
- Used for starting investments like a Recurring Deposit, a Systematic Investment Plan (SIP) in a mutual funds. Additionally, if you want to invest in securities, you can also open a trading
and Demat account, if you have a Savings Account
- You can also enjoy special value added services and benefits such as cashbacks and discounts on merchant purchases which will help you to save more