Gone are the days when you had to stand in queue waiting for your turn to deposit/withdraw money. Getting a bank statement or updating passbook seemed like a difficult task. Sometimes the work which generally takes minutes took hours. Now, with digital savings account there is no need to worry. You can manage all your banking activities without even going to the branch.
With the emergence of the concept of digital savings account it is easier to manage the account. A digital savings account is paperless, fast and secure way for opening an account on a digital platform. With the help of a digital savings account, the account holder can avail banking services like instant transfer, phone banking, SMS banking etc. Additionally, there are free email and SMS alerts. Listed below are few advantages of a digital savings account:
All digital savings accounts have their own sets of regulations and perks (benefits). There might not be zero maintenance charges and higher rate of interest. It varies from bank to bank. But having a digital savings account provides easy access and reduces exhausting bank trips. High interest rates come as an added advantage – so, what are you waiting for – enjoy the benefits in an instant!
*On balances over INR 50 lakhs and above.