• Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer
Tuesday, September 19, 2023
NewsLiveNation
No Result
View All Result
  • Login
  • Contact us
  • Business
    • Economy
    • Finance
    • Insurance
  • Health
  • Lifestyle
    • Travel
  • News
    Michael Richards Net Worth

    Michael Richards Net Worth (2023): Car, Career, Awards.

    Twitter

    yesu_x Twitter: Biography and real identity

    Marcel Young: the son of legendary rap singer Dr. Dre

    Lou Sulola Samuel: A Child Supermodel

    Lou Sulola Samuel: A Child Supermodel

    Michael Other’s Tiffany Roy Bio

    Michael Other’s Tiffany Roy Bio

    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variant Detected via Covid-19 Tests,Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
  • Contact us
  • Business
    • Economy
    • Finance
    • Insurance
  • Health
  • Lifestyle
    • Travel
  • News
    Michael Richards Net Worth

    Michael Richards Net Worth (2023): Car, Career, Awards.

    Twitter

    yesu_x Twitter: Biography and real identity

    Marcel Young: the son of legendary rap singer Dr. Dre

    Lou Sulola Samuel: A Child Supermodel

    Lou Sulola Samuel: A Child Supermodel

    Michael Other’s Tiffany Roy Bio

    Michael Other’s Tiffany Roy Bio

    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variant Detected via Covid-19 Tests,Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
No Result
View All Result
Morning News
No Result
View All Result
Home Bank

Overview of savings account: How to open and manage it?

samanvya by samanvya
September 6, 2022
in Bank
0
Overview of savings account: How to open and manage it?
0
SHARES
73
VIEWS
Share on FacebookShare on Twitter

As you all know, a savings account is a common type of bank account that permits people to earn interest rates on the minimum balance requirements. Please read the complete article to get the information on savings accounts, from their meaning to the opening process. Different banks provide the facility of different types of bank accounts to meet the requirements of their customers. 

When applying for a savings account, first, you must understand your needs to choose the suitable type of bank account. In this article, we will cover all the facts related to savings accounts. Let’s first start with the basics. 

Table of Contents

  • READ ALSO
  • 7 Things you must know before investing money in ULIP plans
  • Why banks and payment providers should prepare themselves for operational resilience

READ ALSO

7 Things you must know before investing money in ULIP plans

Why banks and payment providers should prepare themselves for operational resilience

What do you mean by savings account?

A savings account is considered a deposit account that you can open from any bank. You only deposit the funds into your account and use the same way you get the features of earning interest rates on minimum balance requirements. A Savings account is the best option if you seriously want to manage your everyday expenses and save some funds for any emergencies. 

Banks now provide different Savings accounts with advanced features that meet the customers’ savings requirements. There are now Savings accounts available for kids as well as senior citizens, along with the benefits of discounts, locker charges, higher interest rates and unlimited withdrawals.

A way to open the savings account

  • Earlier, the only way to open savings accounts was by visiting a nearby branch of a bank
  • But now, due to advanced technology, banks are offering customers online savings account opening options. 
  • For this, they have to first visit the online website of any bank, then fill out the account opening application form and submit it with relevant information by attaching the required documents.
  • The required documents are address proof, ID proof, Aadhar card, bank account information, and the amount in a cheque that you want to deposit into your new account initially.

How to manage the savings account?

Once you finish opening a savings account, you receive the kit with a checkbook, account number, passbook and an ATM card. After that, you can begin to use your new account for the money transactions, withdrawal and deposit of more funds. You can also register for an online banking facility with this new type of bank account. 

For this, you have to register online on the official website of the bank for the banking process. Then you have to fill in information such as account number and personal details. Once you register your account, the branch of your bank automatically generates the user name and password for your account that can be used for online banking. 

Conclusion

This article gives you information on the meaning of a savings account, the procedure to open a savings account and managing the savings account. Make sure you check the interest rates, reputation and benefits provided by the bank before choosing one to open a savings account. 

Related Posts

7 Things you must know before investing money in ULIP plans
Bank

7 Things you must know before investing money in ULIP plans

September 6, 2022
operational resilience
Bank

Why banks and payment providers should prepare themselves for operational resilience

July 4, 2022
Next Post
7 Things you must know before investing money in ULIP plans

7 Things you must know before investing money in ULIP plans

POPULAR NEWS

How To Make Self-Care A Part Of Your Routine

How To Make Self-Care A Part Of Your Routine

October 4, 2022
John Krasinski Net Worth

John Krasinski Net Worth: Is he richest actor of The Office?

July 24, 2023
How to Remove Weather From Taskbar?

How to Remove Weather From Taskbar?

January 12, 2023
Alvin Louise Martin

Alvin Louise Martin: Everything you need to know about Whoopie Goldberg’s ex-husband. Where is he now? 

June 1, 2022

EDITOR'S PICK

La Liga: Zinedine Zidane Hopes Eden Hazard Will Play Again This Season, But Says “Don’t Want To Risk Anything” | Football News

La Liga: Zinedine Zidane Hopes Eden Hazard Will Play Again This Season, But Says “Don’t Want To Risk Anything” | Football News

July 4, 2020
Day trader options frenzy turns ugly in $730 billion Nasdaq rout

Day trader options frenzy turns ugly in $730 billion Nasdaq rout

September 4, 2020
China Has 40,000 Troops At LAC Despite De-Escalation Promise: Report

China Has 40,000 Troops At LAC Despite De-Escalation Promise: Report

July 22, 2020
पिथौरागढ़ में बारिश से आफ़त सिलसिला जारी… बंगापानी में उफने नाले में बही बाइक, ITBP जवान की मौत

पिथौरागढ़ में बारिश से आफ़त सिलसिला जारी… बंगापानी में उफने नाले में बही बाइक, ITBP जवान की मौत

August 13, 2020

About

newslivenation.in


newslivenation.in is an open platform for people who loves to read and write. You can gather information or share your views in your words here. We will always be happy to provide the most recent facts, technological news etc. Happy reading!

Follow us

Insurance

Senior Citizens’ Guide to International Travel Insurance

September 18, 2023
animal

How to Get Rid of Ground Squirrels (2023): Everything You Need to Know

September 16, 2023
Health

How to Make Alkaline Water (2023): Top to Toe Information

September 7, 2023

Senior Citizens’ Guide to International Travel Insurance

  • Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer

Copyright © 2023 All Rights Reserved | Powered by Newslivenation

No Result
View All Result
  • News
  • Politics
  • National
  • Business
  • Finance
  • World
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Opinion
  • Science
  • Tech
  • Travel

Copyright © 2023 All Rights Reserved | Powered by Newslivenation

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In