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Do you wish to enhance your savings experience by growing your savings at a consistent rate over the long term? If yes, you should consider opting for a “feature-rich” savings account. Read on to know about the key features that you can find in the best savings accounts and how you can apply for one.
Here are the key benefits of feature-rich savings accounts:
Using your phone, you can access all the banking services offered by a feature-rich savings account 24/7.
A feature-rich savings account helps you increase your savings. IDFC FIRST Bank’s digital savings accounts offer the following features to help you grow your savings–
- Zero-fee banking: Waives the fees and charges on all commonly used savings account services which include zero charges on debit card issuance, DD issuance, NEFT, RTGS, and IMPS transfers, etc., thereby helping you save more in the long run.
- Competitive interest rates: IDFC FIRST Bank’s savings accounts offer you competitive interest rates that help enhance your savings.
- Monthly interest credits: You can also benefit from monthly interest credits as an IDFC FIRST Bank savings account holder.
IDFC FIRST Bank’s savings accounts offer this feature, enhancing the convenience of managing your finances.
Opening an IDFC FIRST Bank savings account is quick and effortless. You can open a feature-rich savings account simply by logging in to the bank’s app on your phone.
The Autopay feature on the IDFC FIRST Bank mobile banking app can help you automate your regular monthly payments (e.g. – payments towards rent, EMIs, etc.)
Here are the steps that you must follow to apply for a savings account:
Visit the savings account section or click on the link to open your savings account. You can also download the IDFC FIRST Bank mobile banking app to apply for a savings account instantly.
After clicking on the link, you will find an online form. Fill in all your personal and contact details accurately.
IDFC FIRST Bank offers two savings account variants - 25K AMB and 10K AMB. Choose an account that suits your financial objectives.
Once done, you get access to your account. Fund your account with a minimum amount of your chosen AMB variant.
After funding your account, you need to complete the V-KYC (Video KYC) process to enjoy all the account features. The video KYC is available at your convenience anytime during banking hours.
The primary objective of a savings account is to help you increase your savings. Here are the things you can do to maximise the use of your savings account:
To choose a feature-rich savings account, you must research well online, prioritise the features that matter to you, and choose a bank that prioritises the growth of its customers’ savings. You can also use a savings account interest rate calculator like the one on IDFC FIRST Bank’s site to better define your savings-related goals before opening a savings account.