It is Easy to Save

2 Feb

It is Easy to Save

It is Easy to Save

Saving money becomes a fruitful exercise when you have a bank account that stores and save your money.
We explain how you can get your own savings bank account.

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Every person has a different story to tell. Each person’s life follows a different trajectory. This means
that each person has different desires and dreams. But if there is anything that unites all of mankind,
it is the need to have sufficient money for the present and the future.

Money is needed for each of our wants, whether big or small. Since it is a necessary commodity in
our lives, we must do everything to safeguard the money we have. The first step in this direction is
to save money. Whether you make a handsome income or if you have just got your first job, savings
help one and all. A savings fund is your nest egg for the future – you can use it for a variety of needs.

But nurturing the savings is another matter altogether. Not only must you save money as often as
you can, but you can must also save it in the bank. Keeping cash at home is of no use – the money
just sits in your cupboard and does not grow unless you add to it. Instead, depositing the savings in
the bank keeps the money safe and it also earns interest.

How to open a savings account

You can try online savings account opening. Premier banking institutions let customers opt for online
saving account opening without going to the bank branch or filling out a physical application form.

If you want to know how to open a savings account online, follow these steps:

* Get all the information. Look for a field marked ‘Savings account’ under ‘Personal banking’ on the
home page. Clicking on this field will take you to a page that outlines the account features, interest
rates being offered, and other benefits. When you are certain of proceeding further, fill out the small
account opening form that pops up on the screen. The form asks for these details: Name, Age,
Gender, Address and Contact information. Hit ‘Submit’ to reach the next step.

* Fill out the application. The information you provided in the previous step is now processed and
you are sent a detailed application form online. This is the account opening form. Be sure to fill in
the most accurate and latest details. Once the form is filled completely, upload self-attested
documents for ID proof (Aadhaar or PAN card, age proof, residence proof). Hit ‘Submit’.

* Track the application. The bank now verifies the information you have provided. While accepting
the documents, your bank will give you an application number. Use this number to track the status
of the application.

* Start using the account. Once your application is approved, the bank sends the welcome kit to
your residence. The account is deemed opened, and you can start using it.