Basic Savings Account (BSBD) – The pros and cons of Zero Balance Savings Account
Posted on Saturday, January 14th, 2023 |

If you’ve ever browsed online for a zero-balance savings account, you may have come across basic savings bank deposits, or the BSBD account. The basic savings account offers certain minimum facilities, free of charge, without any requirement of minimum balance. It was designed to provide most basic banking services to the impoverished section. Apart from…
Read moreWhy Is It Important To Avail A Debit Card With Your Account?
Posted on Thursday, January 12th, 2023 |

From security and convenience to access to cash and attractive rewards, availing a debit card with your savings account lets you enjoy a number of advantages. Popularly referred to as plastic money or plastic cash, debit cards have veritably revolutionised monetary transactions the world over. From the neighbourhood grocery store to international websites, the debit…
Read more5 Differences between a Current Account and a Savings Account
Posted on Wednesday, January 11th, 2023 |

If you are wondering what is the difference between a current account and a savings account – after all, they are both bank accounts, you are not alone. A lot of us still don’t know the correct answer. To put it in laymen’s terms, a current account is meant for businesses, and a savings account…
Read moreOpen savings account digitally and earn interest instantly
Posted on Friday, December 23rd, 2022 |

A savings account is the most trusted product in both – traditional and new age backing. It’s the safest way to earn interest on your money, while keeping it handy. Savings bank account interest rate is calculated on a daily basis in accordance with the RBI guidelines. The interest rate is based on the daily…
Read moreHow to avail tax benefits on Savings Account Interest Income
Posted on Wednesday, December 14th, 2022 |

A savings account is a simple and secure banking product that enables us to park funds, earn interest on the deposited money, and access it as and when needed. It offers the freedom to make cashless transactions via debit card, online transfers via UPI, NEFT, IMPs and withdraw cash from the ATM while serving as…
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