Why savings account is preferable for customers in upcoming days? What benefits retail from opening a super savings account?? Thousands of questions arise when something new comes into existence. We usually look for only that thing which persists and is just a requirement. As, if I have current account with some initial amount of money deposited why do I need gold card, super saving card, recurring deposits, shareholders. Usually we never look on to these aspects as we feel it is of no use in long run. But that is not the case. Such privileges which are brought forth for the customers, brings upcoming offers and benefits trail by bank all over.
Now, why we need an account? To invest money and secure purpose. Similarly way, super saving account prevails of exciting offers on cards. It is considered one of the finest investments apart from demat accounts and cash. It is generally for money that is not intended to be use on daily basis. Rate of interest on savings account differs but beneficial in the sense of super saving account as per now starts from 6% p.a. Bank deposits providing the service of mobile banking, customization of loan, tax benefits, less interest rates and easy e.m.i. of loans gives you the experience of reward points.
Other privileges down the line
o Provident funds are also applicable with existence of account. So now, need not only deposit money but get returns as well some discount offers available for prescribed sites by bank online as well in applicable stores.
o RTGS/NEFT net bank transfer is free. Cancellation of DD is free as well there is facility of passbook.
o Facility of five free transactions at other bank all over India.
o Free setting up of standing instructions defines an instruction to bank account holder who pays bank set of amount at regular intervals wherein the amount paid is fix like for mortgage or rent. Not advisable for electricity bills or credit cards.
o AQB (average quarterly balance) it is termed as all your balance across savings, current, fixed deposits, considering amount is calculated. E.g. you take Rs. 5000 (min AQB of 5 k) and FD for Rs. 50,000. Then, the quarterly interest is transferred to the savings account of the holder. AQB for tier A branch is Rs 5000/- and Rs. 2500 for Tier B branch.
QAB = (Total of all the EOD closing balance)/ (number of days in quarter)
Take advantage of it to supplement your business or household. Earn the interest on savings account, varies according to the tenure of bank deposits.
Who is eligible?
* Resident individuals
* Private and public companies
* Small business individuals
* Senior citizens/ retired personnel
How you can apply for super savings account?
To open an account, simply go down to your local bank with proper identification and ask to open an account. You can also visit the following url mention and fill the form or call on the mention number in the site. Any representative will guide for the same whether it be home loan, procedure of opening an account.
To apply online, you need to follow some steps. First you need is the net banking account login. Select the savings account number and drop down the super saving account tab. Fill in all the form details. Then click on the submit application and then one of representative will get back to you and criteria be explain.
Rewarding experiences for those have opted for savings account and have proved beneficial for long term.
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