Our Savings Account gives you the advantages of competitive interest rates and the availability of your funds, without forfeiture of interest in case of withdrawal. The account may be owned by an individual, organization or association.

A savings account deposit involves placing funds into a designated account at a bank or credit union. Individuals can make deposits either in person at a branch, through electronic transfers, or via mobile banking applications. Depositing money into a savings account allows account holders to earn interest on their balances while keeping their funds safe and easily accessible. Unlike investment accounts, savings accounts typically offer lower interest rates but provide greater liquidity and security for deposited funds. Regular deposits into a savings account enable individuals to build their savings over time and work towards achieving their financial goals, such as creating an emergency fund or saving for a major purchase.

Features and Benifits of Saving Account

A savings account is a like a bank vault in which you store your hard-earned money. Unlike a current account, a savings account does not allow unlimited transactions and has no overdraft facility. There are different types of savings account that can be opened depending on the customer’s need:

• Regular Savings Account: Regular Savings Account: These are the easiest to open. Such accounts do not see huge transactions and are mostly a virtual safe for storing excess cash.
• Salary Based Savings Account: Many corporations tie up with banks to help their employees open a salaried account. This helps the company as the task of disbursing the monthly salaries becomes easier.
• Savings Accounts for Senior Citizens: These accounts are created exclusively for senior citizens with added privileges and benefits.
• Exclusive Benefits Accounts for Women: As the name suggests, this is an account exclusively for female customers and entrepreneurs. It is a relatively new offering from some banks and comes with added benefits.
• Savings Accounts for Children and Minors: These accounts are created exclusively for children and minors under the guardianship of their parents.
• Exclusive Benefits Accounts for Women: As the name suggests, this is an account exclusively for female customers and entrepreneurs. It is a relatively new offering from some banks and comes with added benefits.