A Savings Account is very beneficial with multiple advantages as detailed below:
(1) Earns Interest on your Savings
This is the first and foremost benefit of opening a savings account. It starts earning interest on your money as soon as it is deposited. The interest rate is decided solely by the bank and changes from time to time. Regular interest depends upon the balance of the savings account.
- Earn 6.75% p.a with YES BANK Fixed Deposit – Open Fixed Deposit Account and avail attractive interest rates to the money you invest. Visit for more on YES BANK FD rates now.
- Yes Bank FCNR FD Interest Rates (as on 02 Mar 2021). The FCNR FD interest rates on currency like USD, GBP, EUR,AUD, CAD, YEN. FCNR Fixed deposit depends on term deposit for example 1 year, 2 years or upto 5 years you deposit your money and your choice between different banks.
Interest rate in savings account ranges from 3.5% to 7%.
(2) Provides Security of Funds
There is no risk involved in your savings account. It is considered as one of the safest investment alternatives. It even offers you the opportunity to put your money into another investment whenever the time comes.
(3) No Lock-in Period
There is no lock-in period under savings account which means that you can withdraw your deposits anytime you need. There is no need to keep your money in this account for any specific period. You have full flexibility in withdrawal of amount from it.
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(4) Offers Liquidity
You can withdraw the amount anytime 24X7 with the use of ATM card or debit card from your account during any emergency even when the bank is closed. In fact, being able to access your money when you need it, is one of the biggest benefit of having a savings account.
(5) Availability of Variety of Savings Account Bay 101 poker open.
Many banks offer comprehensive range of savings accounts from regular to premium suiting to your personal banking needs. There are different types of savings accounts offered by various banks that differ based on the interest rates and duration of time commitments. You can choose any of them which suits your financial objectives and requirements.
Yes Bank Fixed Deposit Calculator: By using the Yes Bank fixed deposit calculator, you can calculate the interest receivable for your deposit. You need to fill the deposited amount, the tenure and the prevailing rate of interest on the FD scheme. Yes Bank Fixed Deposit Form: Form 15G/H along with the required documents should be submitted. Fixed Deposit - Get fixed deposits with high interest rates at Kotak Mahindra Bank to earn good returns on your investment. Click here to know more about the fixed deposit interest rates so that you can pick wisely the fixed deposit. Yes Bank Fixed Deposit Interest Rates. Roulette wheel 29. Yes Bank founded in 2003 by Rana Kapoor ranks 4 th amongst the private sector financial institutions of India. Yes Bank is providing retail banking solutions to the.
(6) Services of Customer Relation Manager
Now-a-days many of the banks engage a Customer Relation Manager (CRM) who will help not only solve your queries but also assist you in tax saving, investment, mutual fund schemes, insurance, bank procedures, etc. You need to just call your CRM and he/ she will assist you solve your problem.
(7) Online Banking Facilities
If you maintain a savings account, you can make many transactions online also such as payment of bills, fund transfers using RTGS/ NEFT or IMPS, etc. This will save your time and efforts.
(8) Provides ATM/ Debit Card
You will be offered a debit or ATM card with a nominal charge or without any charges, as offered by your bank. With the help of this card, you can withdraw the funds, make transactions in shops, make payments of bills, etc.
(9) Helps you Get Credit or Loan
The relation you maintain with the bank will help you in getting credits from the bank such as home loan, personal loan. You will also be in a position to negotiate with the banker on the interest rates.
(10) No Cap on Deposits
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There is no limit on the amount deposited and number of times it is deposited. Win real money roulette app.
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(11) Facility to link Loan EMIs, Mutual Fund SIPs or RD deductions
You get a facility to link your monthly loan EMIs, Mutual Fund SIPs or RD deductions through the savings bank account.
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(12) Free Mobile App
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Most of the banks provide their mobile app for free. Through this app, you can get to know your account balance, check your statement, make transactions, easy transfer of money, etc.