Saving Account: Before opening an account in the bank, know in which account you will not have to maintain minimum balance..

Saving Account: It is common to go to the bank to open a savings account, but do you know that it is not just of one kind, banks often do not even tell about the variety of these accounts. Every account has its features and benefits. Due to a lack of information about the right option, you are not able to take full advantage of it. The opportunities hidden in these accounts (saving account ke fayde) can help you increase your money, you just need the right information.

Bank account facility -

Various institutions in India like banks, and post offices (Post Office saving accounts) give people the option of savings accounts to keep money. These options are reliable, accessible, and flexible. Keeping money in these accounts benefits you (benefits of saving account) because you can earn additional profit on the money deposited. There is no strict limit on depositing and withdrawing money in these schemes, making it a convenient and beneficial option for people. Due to its different types, you get a chance to choose the most suitable scheme.

What is a regular savings account -

A regular savings account is a simple financial account that can be opened by any person when he completes the online identification i.e. e-KYC process. It gives the profit of interest on the amount deposited. Some financial institutions put a condition of keeping a minimum balance for this account (regular savings account minimum balance) and charge an annual fee for account management. This account is especially beneficial for those who want to keep their money safe as well as get some benefits.

Zero Balance Savings Account -

The best zero-balance savings account is also called a zero-balance account. This account is best for those who want to be free from the condition of keeping a minimum balance. No initial deposit is required in this and the account can be run without any condition. There is no minimum monthly balance in this type of account, but the number of ATM withdrawals (zero balance saving account) may be limited. A checkbook facility is not available and debit card options may also be limited. This account is a simple and easy option, especially for those who want to keep an account with fewer terms and conditions.

Savings Account for Senior Citizens -

Some accounts offer special benefits to people above 60 years of age. These benefits include facilities like higher earnings, a personal liaison officer, and lower charges on borrowings. These special accounts provide senior citizens with better support according to their financial needs, thereby strengthening their financial position.

Savings Account for Women -

A women's savings account is an account designed for women and gives them many benefits. It includes special cards, better loan and credit offers, facilities for the safekeeping of deposits, free checkbooks, and no limit on ATM withdrawals. Apart from this, there is also no condition of maintaining a minimum balance limit in the account. This account is convenient for women who want to make their financial matters even simpler. It offers a lot of additional benefits and discounts for them.

Children's savings account -

This account helps children to plan money and spend it safely. Parents provide documents to open an account for the child. It has special provisions, in which if the child is more than 18 years of age, then he cannot open this account and it teaches children to control their money. Through the account, children can understand the responsibility of making financial decisions. Spending limits are set in the account so that children can be taught to manage their money properly. This is a powerful way for children to deal wisely with money.

Meaning of emergency digital savings account -

This account can be easily opened online, in which a simple identity KYC process has to be completed. This process is completed in no time through mobile or banking apps. If the account holder does not complete the identification process within the time limit for a digital savings account, then the account gets suspended. Some banks set a maximum deposit limit in this type of account, which can be up to Rs 1 lakh. This account can be opened quickly and safely, and it is necessary to follow its rules.

This is a salary account -

A salary account (salary account ke fayde) is a special account for those who receive a salary regularly. Many facilities are provided in it, such as a free checkbook, and international payment card, and there is no condition of keeping a minimum balance. Also, personal accident insurance cover is available in it. The account holder can also get better interest rates on taking a loan. This account helps employees in financial management and provides them with many benefits, which make their banking experience simple and convenient.

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