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Celebrate Diwali: With a responsible twist!

08 Oct 2021 by Team FinFIRST
Celebrate Diwali: With a responsible twist!

Know why opening a savings account for your loved ones is the best gift to give them this festive season!


The festivities have officially begun. As we see the end of Ganeshotsav, Indians are now looking forward to the start of the long Indian festival season (which will extend to the new year). And with the coming of the festive season comes the most important aspect of the festive season - gifts!

Yes, this is the season when gifts are exchanged between loved ones. But often, the biggest worry is: which gift to select? Well, if you are looking to buy a gift for your near and dear, why not gift them security? Yes, now you can open a savings account in their name and ensure that their stake in the future gets a bit surer and a lot brighter. 

Opening a bank savings account


Banks like IDFC FIRST Bank have developed a very streamlined and extremely easy process for you to open a savings account with them. The paperwork required is next to nothing, and the tremendous support provided is next to everything. Moreover, there are multiple exciting offers one can avail of when opening a savings bank account. The best part is it can be done online!

Here are the steps you must follow:

  • First, go to the link provided 
  • Enter your name, your mobile number, and your e-mail address
  • Enter your Aadhaar number and PAN 
  • Then answer the personal and professional details on the form
  • Fund the account
  • Finally, do an optional (but recommended) online KYC, and your account is good to go!

By following the simple steps above, you can easily set up a savings account. Here are a few reasons why you should consider IDFC FIRST bank to be your savings bank account: 

  • You are issued a free debit card the moment you open a savings account
  • The account is immediately opened after the formalities are completed
  • You get your account number instantly
  • Instant access to your account if you download the IDFC FIRST Bank mobile app
  • Initiate multiple free fund transfers 
  • Avail of extremely lucrative interest rates 
  • Easily keep track of all your transactions via a very fast SMS and e-mail service
  • No requirement for physical documentation as there is a provision for online KYC

READ MORE


Know different Savings Accounts for different purposes

Four simple money tips to teach your kids

Why a savings account makes a great gift
  

Responsibility


If you are genuinely invested in the welfare of your offspring or a younger sibling, the best way to introduce them to financial responsibility is by opening a savings account for them. This will be their entry into the world of finance and will also serve to teach them accountability and their future planning ability. 

Security


The future is uncertain. But it can be made a little more predictable by timely investments and future planning. To kick-start this, one can open a savings account. With the growing uncertainty of our times, this is the best possible way to safeguard the future of your loved ones. 

Fiscal discipline


A savings account is the best gift of all! Savings are essential, and even a young person can accumulate a large amount by simply saving all the money they get on festivals and holidays from loving adults. This inculcates the habit of savings while also teaching them the value of money. 

A gift that endures


Sweets are great but temporary, and clothes quickly go out of fashion. But the gift of a savings account lasts a lifetime. Open a savings account for a loved one, and they will remember your gift for as long as the account remains active – which may well be their entire lifetime!

Make a home for Laxmi this Diwali for your loved ones


In the post-pandemic scenario, where the world is looking for a modicum of stability and surety, a savings account is one of the best gifts for a loved one. And it suits all occasions! Whether it’s a loving rakhi gift to a sister or a grand gesture for your kid brother, a savings account can be tailor-made for all occasions. So, put a smile on a loved one’s face this Diwali by opening a savings account for them. Happy holidays! Be a considerate relative and invest in the well-being of someone whom you call family.

 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.