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Benefits of a Digital Savings Bank Account

A Digital Savings Account is an online savings account that can help you avail banking facilities at the ease of your fingertips. It offers a wide range of benefits and can be opened online within minutes through a hassle-free process. With the help of a Digital Savings Account, you can get your bank account statement online, and avail banking services such as instant transfer, phone banking, SMS banking, etc. As a result of rapid digital transformation, having a Digital Savings Account has become the need of the hour. We are going to have a look at some other important benefits of a Digital Savings Account in this article.

Benefits of a Digital Savings Account

Easy online opening process

The Digital Savings Account can be opened through a seamless and quick online process. All you have to do is keep your PAN card and Aadhaar number handy and complete a few steps to open the Digital Savings Account online from the comfort of your home or office.

Earn interest

You will be able to earn interest on the balance in your Digital Savings Account. This will help you grow your money gradually with time.

Easy access

You can access your Digital Savings Account from your mobile or laptop easily. You can keep track of your transactions, check your balance, transfer funds online, pay utility bills, and enjoy online shopping with a Digital Savings Account.

Safe and secure transactions

Digital Savings Accounts have a robust security system. The two-factor authentication ensures that the account is only accessed by the account-holder. Thus, the transactions made through Digital Savings Account are completely safe and secure.

Unlimited free transfers

With a Digital Savings Account, you can enjoy the benefits of free transfers like RTGS, NEFT, and card payments.

Zero balance account

Most Digital Savings Accounts are also Zero Balance Savings Accounts. Thus, you won’t be charged for non-maintenance of the minimum average balance. You can use your money without having to worry about the minimum average balance requirement.

Investing made easier

A Digital Savings Account allows you to create a Fixed Deposit or Recurring Deposit within a matter of minutes. Moreover, you can also purchase and redeem Mutual Funds, and track your investments instantly using a Digital Savings Account.

All the above-mentioned benefits of a Digital Savings Account will surely make banking easier for you. You will be able to manage your finances efficiently with a Digital Savings Account. So why wait? Open a Digital Savings Account and enjoy the numerous banking facilities at the earliest. However, do not forget to check the credibility of the bank before opening a Digital Savings Account with it. This will help you make a well-informed decision. You can go through the existing customer reviews of the bank to get a better idea of the bank’s authenticity and credibility. Lastly, it’s advisable to settle for a bank that offers efficient customer service and round-the-clock assistance.