Maximising Your Savings: How to Choose the Best Savings Accounts in The Industry

Posted on Wednesday, November 22nd, 2023 | By IndusInd Bank

With a multitude of options available, choosing the best savings account to maximise your savings can be challenging. To choose the right account for your lifestyle, evaluate factors such as the interest rate, application procedure, discounts and offers, omnipresent banking service and personalisation capabilities. Choose from an assortment of savings accounts at IndusInd Bank and experience the best in banking.

As of 2022, 34 private and public banks are licensed to operate in India. As you can imagine, each of these banks offers a plethora of savings accounts, spoiling customers for choice. Considering this, choosing the best savings account in the industry to maximise your savings is scarcely an easy task. Fortunately, IndusInd Bank offers an assortment of savings accounts designed to meet every customer’s unique needs.

To help you identify the best bank for a savings account and, ultimately, the right account for your lifestyle, here are five factors to consider.

1. Interest Rates

This is one of the most important factors associated with any banking product. In order to maximise your savings, you must earn a good rate of return on your deposit. When looking for the best savings account in the industry, compare interest rates offered by different banks. With IndusInd Bank, you enjoy competitive interest rates so that your money can work as hard as you do.

2. Omnipresent Banking

Open your savings account with a bank that offers dedicated customer care and round-the-clock banking services. IndusInd Bank offers omnipresent banking with 24*7 access to services and support with the following:

• IndusMobile: Use the IndusMobile app to check account balance, transfer funds, and transact with ease.
• IndusNet: Use IndusInd Bank’s online banking services for transferring funds, booking deposits, and paying bills with a single click.
• WhatsApp Banking: Customers can get updates on account balance, reward points, and transactions with a single WhatsApp message.
• IndusAssist: Customers can use voice banking on Alexa or speak to a virtual assistant on chat to pay bills, transact, and get queries answered.
• Video Branch: Connect with your branch manager to get updates, send funds, and more on a video call.
• On-the-Go Banking: Stay connected with IndusInd Bank on Twitter and Facebook to access your balance, mini-statements, check reward points, and more.

3.  Discounts and Offers

To maximise your savings over and above the built-in features of savings accounts, choose a product loaded with deals and discounts. With IndusInd Bank, you enjoy a multitude of shopping, dining, entertainment, and travel discounts on debit card usage. Additionally, there are savings accounts that come with such attractive privileges as discounts on locker charges, unlimited ATM withdrawals, and complimentary insurance, among others. Choose an IndusInd Bank account for unbeatable lifestyle benefits and attractive deals on your spending.

4. Convenient and Personalised Banking

IndusInd Bank allows you to personalise your savings account and make it truly yours. The ‘My Account My Number Facility’ allows you to set a savings account number of your choice. This could be your lucky number, the birthday of a loved one, or even your mobile number. Not only can you customise your savings account, but can also make sure you never forget your account number again.

5. Easy Application Procedure

The last thing to look out for when choosing the best bank for a savings account is the ease of application, including simple eligibility criteria and documentation requirements. IndusInd Bank offers easy-to-meet eligibility criteria, minimal documentation and a simple application process. In fact, the online savings account opening process at IndusInd Bank is so simple, it can be completed in just a few clicks.

Maximise Your Savings with IndusInd Bank Savings Accounts

IndusInd Bank meets every criterion listed above, making it the best bank for a savings account. What’s more, the bank offers a bouquet of savings accounts, each marked by a unique set of features and privileges for meeting the lifestyle needs of various types of individuals. Furthermore, with exclusive deals on dining, travel, and shopping, you can rest assured you are making the most of your hard-earned money.

To know more, visit the IndusInd Bank website today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and 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.