Is Debit Card important for managing your Savings Account?
Posted on Wednesday, February 15th, 2023 |
As the world moves closer towards 100% digitization, the payment landscape is rapidly shifting to more and more cashless transactions. With today’s secure technology, the pros of cashless transactions heavily outweigh the cons. The biggest advantage of moving away from cash is the sheer level of convenience – for both – consumers and businesses/merchants. The…
Read moreHow to choose from a wide range of Savings Accounts
Posted on Monday, February 13th, 2023 |
The best thing you can do for your money is to make it work for you. And a savings account allows you to do just that. So apart from simply being a safe place to park your hard-earned money, it also enables you to see it grow. But, with IndusInd Bank, the benefits don’t stop…
Read moreBasic 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 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…
Read moreHow to Calculate Savings Account Interest Rate?
Posted on Monday, December 12th, 2022 |
In today’s new-age world, nobody wants to settle for anything less than everything. Earning individuals are looking for a secure way to park their funds, with both, ease of access and interest on their money. This is where savings accounts come into play. A savings account offers cash withdrawal, online payment and transactions, payment via…
Read moreWhat is the Interest Rate on a Savings Account?
Posted on Wednesday, June 15th, 2022 |
Opening a savings account is the first step that you take to manage your finances. Designed to help you access your money demand, a savings account helps you park your additional funds and earn attractive interest rate on the money saved. However, a savings account does more than just acting as an emergency fund. When…
Read moreHow to Effectively Manage your Savings Account?
Posted on Sunday, August 9th, 2020 |
Saving money as kids seem quite fun; however, as you start earning, the fun element of saving gradually fades out. Almost everyone ends up spending a major chunk of money in paying your bills, shopping, indulging in recreational activities. Whether you have just started working or have a stable income, saving money is something that…
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