5 features of a savings account

 



Most banks offer you different types of accounts such as savings account, current account, salary account, etc. from which you could choose an account according to your needs and requirements.

Savings account help people keep track of their savings and expenses that are carried out. This type of account is generally opted for by many people as it is more convenient. This is due to the various benefits and features provided to them. Here are some of the features of this account type.

1.      Easy transactions

You could use your savings account to send and receive money. This could be completed by either net banking through the website or the mobile app of the bank through your debit card. This feature helps you to cut down on your dependency on cash for your transactions as you could pay most of your bills online. This even reduces the risk of theft as you would not be carrying cash with you.

2.      Payment of bills

These days, most banks offer you payment facilities that allow you to pay your bills online through your savings account. You could easily pay your utility bills such as electricity, water and phone recharges directly from your account. It makes it more convenient for the users to pay their bills online and not follow the traditional way of visiting the company to pay them. 


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