Saving bank account is very simple among the different types of accounts running in any banking system. This account gives its holder full opportunity to deposit money with complete security and earn interest on that money. Savings account can be easily opened in any bank. Here the details of all the information coming under this account are being given.

How to OpenSaving Account:

Why Open Savings Bank Account:

It is often asked that why a person should start his banking with a savings bank account and why not with any other account?
The answer to this question is given in such a way that in addition to the savings bank, the minimum balance to be kept in other accounts opened in banking is more.

Also, the facilities of other bank accounts are relatively more expensive than a savings bank account, and are relatively difficult to understand for a newcomer to the economic world.
Savings bank accounts generally provide better interest to their customers, so that they can save more and more money and deposit it in the bank.
Also, the needs of a common man have been linked to the savings bank account, so that he can spend on his daily needs through online medium.

Unlike current account, multiple transactions cannot be done in it because this account is created for savings and not for spending. This puts a reasonable cap on the customer's expenses.
How to open savings account online.
Follow the instructions given below to open a savings account online.

First of all visit the online web portal of your selected bank.
An online account may be required to log in to the website. So create an account for the website.
After logging in, go to the new account creation page. Fill the online application on this page.

While filling it, you will have to give information about your name, residential address, etc., as well as upload the proof of all these. Many banks also demand hardcopy of these proofs. After this the bank sends its representative. So there is no need to go to the bank.
After these formalities, the account is opened within a very short time.

How to open a Saving Account offline:

Follow the following instructions to open a savings account offline.

First of all, know the interest rates of all the running banks and choose any one bank as per your requirement. Keep the minimum amount required to open a bank account with you.
There are many necessary documents required to open a bank account. Take these documents to the nearest branch of your selected bank and get the offline account creation form. Fill all the required fields of this form very carefully.
Attach Xerox copies of all required documents along with the filled form and submit it to the bank representative.
Your bank account will be opened within 1 to 12 days of deposit.

Required documents for bank account opening:

There are several required documents to be submitted while opening a bank account in any way (online or offline). Here a detailed description of those documents is being given.

Proof of Personality and Age: Any officially registered document containing the name, age, etc. of the customer can be useful for this purpose. Driving license, passport, any useful bill etc. can be useful in these proofs.
Photograph: Generally any bank asks to submit at least two immediate passport size photographs.
Proof of residential address: Voter card, passport, driving license etc. can also be used for this proof.
Senior Citizen Certificate: If the applicant wants to take advantage of senior citizenship, then he will have to give proof of his seniority. For this, the senior certificate issued by the government is very useful.
Income Proof: The customer has to give proof of his income when required, i.e. on demand by the bank in a particular situation.

Saving Account eligibility:

In order to open a savings account in any bank in India, the customer has to be eligible as follows.

Generally, any bank opens an account for people above the age of 18 years. So the customer has to be above 18 years to open the account.
It is necessary for the customer to have proof of citizenship of India.
The bank also gives the opportunity to open an account for those below 18 years, in which the role of the guardian of the account holder is present.
Savings Account Benefits
There are many benefits of opening a savings account in this era. Below is a detailed description of its benefits.

Many investment funds of India keep their records separately, but if the account is in the bank, then all these records are taken care of by the bank itself.
These days a bank account is being required for many types of transactions. Many transactions have started happening, which have to be completed in a very short time. Savings account is capable of providing all such facilities.
The savings account gets a slightly higher interest rate than other types of accounts, so the facility of interest is better in it.

There is a limit on the daily withdrawal of money in the savings account, which helps in regularizing the balance.
Any bank can customize the savings account as per the convenience of itself and its customers.
Fund Transfer Facility: This is an online money transfer facility, in which the customer can transfer money online. For this internet banking facility is started on the savings account. It is of two types, interbank and intrabank. Interbank is one in which funds are transferred in the same bank, and intrabank is one in which funds can be transferred to another bank. This is an important facility, which is used a lot in metropolitan cities.

Card Facility: In this, ATM cards are provided by the bank to all the banks, through which customers can withdraw their money from the account 24 hours a day, seven days a week. Some banks have also started the facility of transferring money through ATM machines. This card is used as a debit card, through which the customer can easily make the payment.

What is Zero Balance Account:

As the name suggests, such an account that the customer can maintain even on zero balance, and for this he will not have to pay any penalty. Actually, there is a limit to keep the minimum amount in savings bank accounts, which is determined on the type and region of the bank. In India, the balance amount in the savings account in public banks is less than in private sector banks. 

Similarly, the balance amount in the savings account opened in rural areas is less than in urban areas. Zero balance account is free from such condition and in this, if the customer does not maintain the balance, then it is penalty free with suitable conditions, i.e. the bank does not levy any penalty for it like a normal savings account.

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