An account at a Shivkrupa in which the customer deposits money for any immediate use. For example, one may utilize a savings account to save funds for an expensive purchase, such as a house or a car. Because most customers keep money in a savings account for a general period than a checking account, a savings account pays interest.
Interest Rate: 4.00%
Members should be able to save money by keeping a small amount at most. This is the main purpose of the "Savings Deposit" account. Anyone can start an account by depositing 200 / - (two hundred only).
If you’re fortunate enough to have extra money for long-term goals, first, pat yourself on the back! Saving is so important and yet, so challenging for most people. Next, figure out how to make that extra money work for you. These days, there are so many ways to use, grow, and save your money, including good old-fashioned savings accounts.
Savings accounts are usually the first bank account that anyone opens to put aside money for the future and create or preserve wealth.
Children could open a savings account with a parent to develop a culture of saving. Teenagers open savings accounts to keep cash earned from home chores or their first job. A savings account is an excellent way to keep emergency cash for unexpected emergencies or life events. The opening of a savings account also signals the commencement of the relationship between you and a financial institution.
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