Features Of A Saving Accounts

Saving Account usually come with

Certain advantages which makes a perfect

investment choice. They also come with
additional features that make them more suitable
for certain purpose.

1. Easy Transactions
You can use your Saving Account to send and
receive payments. This can be done by either
NetBanking, or through your Debit/ATM Card.
2. Payment of Bills
These days, banks offer payments facilities such
as Bill pay with Saving Accounts. This enables
account holder to make payments for utilities such
as electricity, water
3.ATM facility
Should you fell the need to withdraw cash, then
you can do so from yours Saving Account via an
ATM.

4.Net Banking and Mobile banking

 Your bank will usually provide with NetBanking
facilities with your Saving Account . as mentioned
eariler, this makes ut convenient to conduct
transactions.

5.Debit Card

Banks provided Saving Account holders with

ATM/Debit Card not just for accessing the account
through the ATM, but also for making payments,
whether at the merchant’s store, or through an
online payment gateway.
6.Saving interest rates
With every Saving Account, banks offer an interest
rate enabling your idle money to grow over time.

7.Cross Product benefits

Some banks offer their Saving Account holders cross

product benefits. This means that if you already have a
Saving Account with the bank, then you will get special
benefits and offers in case you decide to open another
account with the same bank or want to avail of any of
their other product.