How to Choose the Right Savings Bank Account
There has been such a revolutionary change in the banking sector in the last few years that has never happened before.
The non-banking areas are also getting banking services provided through the Jan-Dhan schemes of the government. Everything is going digital in the banking sector.
At such a time, if you get any time, then it is only about which savings bank account you should open so that you get good facilities. Although these days all the banks are providing good facilities, for better facilities, we are telling you about some points in this article.
If you are not satisfied with the facilities of your bank and are thinking of opening a new account, then you should keep the following things in mind:
1. Location
Get the account opened at the nearest branch from where you live so that you do not have to face any inconveniences in commuting.
2) ATM
Last year itself, the bank imposed some rules to try to stop the free use of ATMs. If you use a bank’s ATM other than your own to withdraw money, you have to pay extra charges. Some banks, like Yes Bank, do not have such a rule.
3) Average Balance
In many banks, you must keep some amount in your account to maintain the account, but in some banks it is not so.
Normally, it is necessary to have at least 1000 rupees in the account. But it is necessary to have Rs 10,000 in a private bank account. Keep this in mind while opening the account.
4) Online Banking
These days, the facility of online banking is absolutely free. In such a situation, you should also open an account at that bank, where online banking is available.
5) App
Banking apps are a new thing on the market. Make sure that you get to use a user-friendly app so that you can easily do bank transactions.
6) Interest Rates
Every bank has a different interest rate. In such a situation, you should know the interest rates of all the banks very well.
Only after that can you open a bank account. For example, Yes Bank, Indus Bank, and RBL give 4% more interest than other private banks.
7) Availability of Branches
Many banks will give you good facilities, but their branches are not in many places, so you are often unable to get them transferred, which is a problem.
In such a situation, also keep in mind whether its other branches are in cities and other states or not.
8) Services and Fees
Also keep in mind the facilities offered by the bank and the fees charged by them. In public sector banks, less fees are charged than in private sector banks, but you have to be very patient in the services.
Conclusion: Choose the bank according to your needs and work. If you are thinking of opening an account at a bank only after seeing its advertisement, then do not do so. Get complete information about the service as well.