How to Avoid Common Savings Account Mistakes
Posted on Thursday, April 20th, 2023 |
Savings are an essential part of personal finance and play a vital role in achieving financial security. Saving money allows you to build an emergency fund for unexpected expenses, invest in your future, and achieve long-term financial goals, such as buying a house or retiring comfortably. Savings also provide a safety net during tough economic…
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…
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