Posted on July 15, 2022
Having a bank account is the need of the hour and hence understanding its features is very important so that you do not end up choosing the wrong variant for yourself. The most common and easy to access type of bank account, which people from all age brackets favour highly, is the savings account. However, it is crucial to mention that savings account also comes in a myriad of variants at this juncture.
The type of savings accounts that you should choose must be based on what your requirements are at the moment and whether the selected account type fulfils your requisites as an account holder. Savings accounts are very personal and hence having sound knowledge of the same is very important so that you do not land up in an unusual situation.
What Do We Mean By A Savings Account?
The most common and easy-to-understand definition is that a savings account is personal and not related to business transactions. It is often an interest-bearing account, and the owner can choose to make deposits or savings from time to time in the same account. A savings account is very easy to maintain because the minimum balance in most cases is very low compared to other account variants. Moreover, it is safe & secure to keep all your money, which is the highly sought-after feature of savings accounts.
You can choose from the savings account facility offered by Bandhan Bank, which offers 1.7 times more interest rates than the average market rate.
Types Of Savings Accounts:
Our earnest endeavour is to ensure that we bring multiple options so that every customer's needs are fulfilled when choosing a savings account. Currently, we have the following six choices that are designed to fit your needs.
It is one of the most premium versions of a savings account that allows you to have a wide range of perks and benefits. You need to maintain a monthly average balance of Rs.5,00,000, which is also subjected to an attractive interest rate. You may also maintain a fixed deposit relationship of Rs.25 lakhs or a Total Relationship Value (TRV) of Rs.15 lakhs, where you may maintain Rs.2 lakh in the savings account and the rest in a fixed deposit.
With this account, not only do you get free transactions at every bank ATM but also other benefits like unlimited deposits, multicity ‘at par’ cheque, withdrawal, RTGS, or NEFT. This privileged savings account offers you a free documentation process, including duplicate internet certificates, balance, and TDS certificates.
The name itself shows that the premium savings account is perfect for those looking for great advantages with their savings account. You need to maintain a monthly average balance of Rs.1,00,000, and you get leverages like attractive interest rates and a Bank@home option where you get a free pick up and drop facility for 2 cheques or cash per month. You get an unlimited number of cash transactions at Bandhan Bank ATMs and 25 free cash transactions at other bank ATMs.
The premium savings account is certainly premium at its best. Hence, if you are looking for something reliable along with favourable interest rates, then this is the option to rely on.
The Advantage Savings Account stands true to the name and enables you to access some amazing benefits. For example, you just have to maintain a minimum monthly balance average of Rs.25,000, and you can deposit cash up to five lakh rupees free of cost every month. Along with that, you also get ten free transactions for ATM usage at any bank.
The account comes with promising Visa Debit platinum card benefits and is one of the best options to seek. You are also entitled to get 40 leaves of multicity at par cheques with this account.
Respect Programme: For Senior Citizens:
The programme is specifically aimed at senior citizens and ensures that they get the best resources from a single savings account. The minimum balance monthly ranges from Rs.25,000-Rs.1,00,000. The best thing is that you get a designed identity card that allows you access to priority services at the branch. This savings account includes numerous health benefits like discounts on pathology, tests, and doctor screenings. Finally, you also get a great interest rate for a balance quotient of one lakh rupees.
The Standard Savings account is one of the most popular variants of the savings account offered by Bandhan Bank and is very popular among customers. The monthly average balance limit is Rs.5,000 and is ideal for starting your savings journey. In addition, the account allows you a free cash deposit of up to two lakh rupees per month.
Along with that, you also get five free transactions at any ATM per month and 20 leaves of multicity at par cheques. So, it is the best option to rely on for those who can't invest a lot at the moment.
Finally, the special savings account is remarkable in many ways, and it allows you a free monthly home cheque pick-and-drop facility. The minimum monthly average balance to be maintained is Rs.5,000. Moreover, the account comes with other perks like a Platinum Visa debit card and round-the-clock assistance.
You can also use the Bandhan Bank application to get free online NEFT transactions, which further eases your fund transactions.
Conclusion
The best thing about the Bandhan Bank Savings account is that every customer gets some benefits. The number of options ensures that clients can fulfil all their requirements, and we can take special care of each of you! So read the account schemes available just for you and contact us today to set up an appointment!
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