Three ways to make the most out of your savings accounts
Create separate savings accounts Kids Savings Accounts, Senior Citizen Savings Accounts, and Youth Savings Accounts are a few instances of this category. These sorts of accounts provide a greater interest rate as well as other bonuses. Discounts on e-commerce sites and more Individuals who want to get the most out of their savings accounts should choose an account that offers regular promotions and other incentives. Customers of the HDFC Bank, for example, can take use of a variety of incentives. From savings on food delivery apps to shopping/EMI incentives on e-commerce sites, there's something for everyone. Sweep-in service This is an automatic facility that converts any sum above a specified threshold into a Fixed Deposit. In the event of a cash shortage, the bank will automatically liquidate the FD to make up the difference. FDs are a superior alternative for earning interest at such rates.