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  If you are a salaried person, you know how salary accounts make our life convenient. Gone are the days when salaried individuals used to receive their salaries in cash or by cheque. Every month, individuals had to visit their bank to deposit the cash or salary cheque into their savings bank account and later issue a self-cheque to withdraw money from their account. To make the process simpler, many employers started depositing the salary directly into the employees' bank accounts, which introduced a new type of saving account called a Salary Account. Imagine Beating The Market By As Much As 70% This is HUGE. That is the number, one of our most premium and successful research services has achieved. Mind you it is a less known strategy to discover huge potential opportunities. And to top it, it has a successful track record of over 15 years. A track record that says this has the potential to beat the market by as much as 70%! What is a Savings Account? A savings account is one of t...

  Savings, cushion, nest egg, buffer,   emergency fund   – whatever you call it, you’ll never be sorry to have extra money. In fact, the sooner you start building savings, the sooner you can reach your financial goals, like making a major purchase, going on a trip, working on home repairs, or even retiring. Start by knowing how to create a savings plan First, map out your financial priorities based on goals. A new home, a new car or a vacation are all great examples of goal-based savings. Having defined goals makes saving money more meaningful and will also help you stick with it. If you don't already have a savings account, you’ll need to open one. Look for a bank that offers savings accounts that earn interest. To prevent yourself from being tempted to dip into your savings, you may want to set up your account at a different bank than your primary, so it’s not as easy to access the funds. Also consider not getting a debit card for the account. Now that you’re ...

  A rupee saved is a rupee earned, goes the saying. But just saving is not enough, your money should grow according to your needs. And how do you achieve that? The answer is simple – through investments. By investing your savings, you can multiply the amount, all while you are busy saving some more.     There are many short- and long-term options available, so it’s up to you to choose one that takes into account your future needs, and the amount of money at your disposal. Even if you exclude the options most people are familiar with – Savings Account, Fixed Deposits, Insurance, Gold, Real Estate, and Public Provident Fund – there are many other instruments available to help you grow your money and secure your future.  1. Recurring and Fixed Deposits   People looking at saving money often ask whether investing in a Recurring Deposit (RD) is a better option than a Fixed Deposit (FD). While FDs and RDs are few of the safest forms of investment available, ...

  If you’ve been on the fence about doing your banking online or through a mobile app, now is a good time to get started as financial institutions change their branch hours during the COVID-19 pandemic. Online and mobile banking allow you to handle your finances from the comfort of home. Begin online banking with a few steps As long as you have a computer or smartphone with access to the Internet and an account with a bank or credit union account eligible for internet banking, it’s easy to get started. Gather your account numbers Your account numbers should be on your paper statement. Your account number will also be on the bottom of your checks or deposit slips. They are needed to enroll your account. Find your bank or credit union’s website Look on one of your paper statements or on the back of your debit or credit card to find the website, rather than googling or clicking on links in an email or text. If you visit your bank’s website from your smartphone, you may be prompted to ...

Thanks to modern technologies, banking is now easier and convenient than ever. However, while banking functions are now available at your fingertips, there has also been a significant rise in the number of banking frauds. Check out this post for some essential banking tips to ensure better safety. The modern technologies, combined with the initiatives by the government and the banks, have made banking services more accessible in the country. As per a report, around 80% of Indians now have a Savings Account. However, while the number of people with bank accounts has increased considerably in the past few years, the same is true for banking frauds as well. From identity theft, phishing, vishing, skimming, to a host of malpractices at the ATMs, there are now several ways in which a customer can be deceived. If you are concerned about banking safety, here are a few safe banking precautions every customer should use- 1. Debit and Credit Card safety Debit and Credit Cards have made our lives...

  Banking can be complicated, with thousands of banks to choose from that each offer an exhaustive set of disclosures and fine print. And then there’s the rates and fees, all of which need to be considered carefully before you sign on the dotted line. But these tips and tricks can help you bank smarter — so you can earn more money and save time. 1. Reevaluate your bank The average U.S. adult has had the same primary checking account for about 17 years, according to a 2021 Bankrate survey. Customers often stick with the same bank if it doesn’t charge them fees or if they feel it would be a hassle to switch banks, the survey found. “Just don’t fall asleep at the switch,” says Greg McBride, CFA, Bankrate chief financial analyst. “The marketplace is constantly changing with new offers, innovative products and features that might put more money in your pocket or make your life easier. Or both. So it pays to have your antenna up and be on the lookout for something that is a better d...