Benefits & Features Of Savings Bank Account
Increases Savings Habit and Acts as a Repository
Primarily,this account is a hub for savings. Individuals and institutions can safely park monies in this account and earn nominal interest on a periodic basis.
Access to Negotiable Instruments
The account holder gets access to negotiable instruments such as Cheques and Demand Drafts. These instruments can be used to make outward payments, sourcing funds from the account to pay recipients.
Convenience of Banking by Means of ATM/Debit Cards
Facility to make cash withdrawals and purchases anytime, anywhere by means of an ATM/Debit card. Plastic money linked to your savings account offers you the convenience of paying from your account without using actual currency notes.
Internet Banking & Mobile Apps
Technology based banking options such as Internet banking and Mobile Apps lets you manage and transact virtually, eliminating the need to visit actual branches of the bank. It saves times and money and ensures error free transactions.
Bill Payments by Electronic Clearing Services(ECS)
One can also set up Auto debits(Electronic Clearing Service) for system driven payment of utility and other bills. This facility helps reduce the burden where the service provider makes a debit from your savings account on the due date/set date towards payment of the bill.
For Direct Transfer of Govt. Benefits
Beneficiaries of govt. schemes such as PAHAL-Direct Benefits Transfer for LPG(DBTL) are required to link their savings account to receive monetary benefits directly into their bank account.
There are a lot of mutual funds that customers can choose from but some of the best Tax Saver mutual funds in India right now are:
Top 10 Tax Saver Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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