What is a savings account?

This is a personal account opened at a bank wherein people store their earnings and extra cash and earn interest as per the policies of the bank. As the name suggests, it is a ‘savings’ account, perfect to stow away your money with optimum security. The rate of interest varies from 3.5% to 7%, depending on the bank you choose. These accounts come with a debit card that you can use to withdraw physical money from the ATMs at nominal charges.

What are the various types of savings accounts?

Types of Savings accounts:

Regular savings account:
This one is basic with no additional features or benefits.
Zero balance savings account:
This savings account comes with the benefit of no charges even if your account balance remains zero.
Salary account:
This account is opened by the company for its employees and this is where the salaries go. In case the employee leaves the company, these accounts are converted into regular savings account.

Who is eligible to open a savings account in India?

• Anyone who is over the age of 18
• Anyone who is a resident, an NRI or even a foreign national, if they fulfill the basic criteria

How to open a savings account through Uponly.in?

Opening a savings account at Uponly.in is super easy. You just have to follow some steps:

• Fill the relevant details on the form
• Click submit
• Compare various savings accounts
• Choose the one that suits you best
• The bank’s representative will contact you within 48 hours

That’s it. It is super easy to open an account when we guide you. With Uponly.in, you cannot make a wrong choice. Our representatives are available 24x7 to cater to your grievances.