What is Saving Account, what's the benefit you can get from a savings account?
A saving account is a financial instrument that helps you ensure the security of your funds. and also he gives money interest. A saving account fundamental can manage your personal finances, like utility bills, fund transfers, fund deposits, fund withdrawal, shopping, and other financial instruments. and also they can help you save money for future uses.The benefit of opening a savings bank account.
1. Digital Banking Experience
2. Fund transfers facility
3. Fund withdrawal facility.
4. Internet Banking facility.
5. Atm debit cards.
6. Checkbook and Passbook
7. E-commerce shopping offers
8. Interest On your Deposit funds
9. Anywhere withdrawal or another facility
10. utility bill payments
11. Unlimited or limited transaction from bank rules
How to open a savings account?
Various banks are provided two methods of opening a saving bank account
1. Digital account opening process
Some of them are offering an online account opening process, like Video KYC or E-KYC system.
-Video KYC process: some banks provided account opening through video calls they are collect your information like a sign or other proof on the video call this is the easiest way to open an account and also you can clear your all dought.
- E-KYC process; some of the provided open accounts through ekyc like adhar KYC, pan and voter and also KYC from passports
2. Physical account opening process
- if you don't want to open an account digital way or if you don't know the digital account opening process then you can visit a bank branch he can open your account by collecting some documents through you in a physical way.
Eligibility- any person open an account by some of requiring documents like adhar card pan card, voter card, passport 