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Saturday, November 27, 2021
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Tag: Saving Bank Account

A Saving bank account is a deposit account opened with bank or any financial institution to save money and earn interest on cash deposit held in that account.

Banks pay interest on cash deposit held in the saving bank account. People or individuals generally open saving bank account to keep their hard earned money in safe hands. Some open their saving bank account for achieving specific goals like future funding of children education, purchasing home, emergency situations like hospitalization etc.

Most banks provide with an ATM cum debit card linked with you saving bank account. you can use you ATM card to withdraw money held in your account at any place, any time.