Go for Risk-Free Deposits and Be Happy
Broke a phone and it requires repairing? Forgot your anniversary and need a gift for your spouse urgently? See damp on the walls of your living room and need home renovation? Have a toothache and need to visit a dentist? Whenever an unexpected situation arises you immediately reach out to your emergency fund in your savings account. You open a savings account when you seek for financial independence but there are a few important things to be considered when you open a savings account.
Save Risk-Free Regularly
Whenever you open a savings account with a bank, the first thing you must ensure is that your hard-earned money is completely safe, available to you 24 x 7 and is not converted into any risky assets by the bank. As, recently there have been many instances where customers couldn’t get access to their money when they genuinely needed it or had to bear unexpected losses.
However, to eliminate this serious problem, RBI is making sure that its guidelines are being strictly followed across various public and private sector banks including payments banks like Paytm Payments Bank. When you open a savings account with Paytm Payments Bank, your money is completely safe as the bank doesn’t go beyond government securities and FDs . You can easily withdraw your money as and when you need.
The savings account holders at PPBL get various other benefits like a Free Virtual Debit Card for instant online purchases and payments and a Fixed Deposit that allows them to earn up to 6.5% interest per annum.
Only Simple Algorithm
A savings account helps in saving more money and encourages budgeting too, quite often. Paytm Payments Bank’s savings account with its FD facility ensures that people plan for a secure future. From the comfort of your home, you can easily open your savings account via Bank icon on Paytm App.
The money in customer’s savings account belongs entirely to the account holder and is only deposited in risk-free deposits to keep the customers empowered always.
If you don’t want to commit the silly mistake that Raju had committed in ‘Phir Hera Pheri’ by trusting Anuradha’s scheme of doubling his money to make him a millionaire in 25 days, you must have a savings account to save money regularly.
Open a savings account at Paytm Payments Bank today to keep your savings and investment intact for a brighter future.
*FD is with partner bank
*PPBL – Paytm Payments Bank Limited
Updated on 15/02/2021