Personal Banking For Your Routine Financial Need

In today's day and age, it is almost impossible to walk down the road without passing at least one bank or one ATM service. In such a world, keeping your money in a bank ensures not only that your money is safe, but also that you earn a little bit extra with interest, without actually working too hard. If you open up your own account in a bank, most banks ensure that all your needs are taken care of. Personal banking takes care of all your needs, including loans for a house, loans for a car, cash deposits, cheque deposits and even insurance. Banks will also send you regular bank statement so that you can keep a track of how much money is being spent where, and can cross check all your payments to ensure that nobody has stolen some money or bought something with your debit or credit card.

There are several different types of accounts available in banks, and for individuals, most people are likely to open a savings account. These accounts allow a person to keep their money in an account which will earn them interest, and also aid their money transactions. However, most banks require a minimum amount to be kept in these accounts to keep the account open. Some banks may require 5,000 Rupees, some might require 10,000 Rupees. The minimum amount depends on the bank and the type of account you are using. Keeping your money in this kind of account also means that your money is insured, and not matter what happens to that particular branch of the bank, you can still use the money in your account.

In the world today, almost anything and everything is online, and so even banks have decided to launch themselves on the internet. People today are fairly busy, and so they can easily take care of all their money transactions online. With a few simple clicks you can check your bank statements or even transfer money to somebody Else's account or sometimes another account of yours. Apart from the internet, it is now also possible to receive bank alerts on your mobile phone which will help in case someone was trying to use the money from your bank account. Apart from alerts, certain banks will even allow you to stop cheque payments with a single SMS, or even allow you to request for cheque books via SMS. In today's technological world, it is easy to have all your money at your fingertips, without actually having to carry your life's savings in your wallet. Always remember to check the different accounts available to you before you finally open your account in the bank to save your money.

Source by Ankita Ramesh Mathur

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