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A savings account is an interest-bearing deposit account held at a bank, post office, or another financial institution that provides a modest interest rate. These accounts allow customers to set aside a portion of their liquid site while earning a monetary return. The bottom line is that any solid financial plan rests on a foundation of liquid site, such as cash and the money in your checking account. Your checking account may handle your everyday expenses, but there are good reasons to keep extra money in a savings account. A savings account is an interest-bearing account with certain limitations.
VANDHANLAGHU SHAHARI & GRAMIN Saving Deposit Schemes is most suitable for the customers who desire to invest their monthly surplus funds of a fixed amount for a fixed period and reinvest the accrued / earned interest thereon at an attractive rate of interest. The depositors can set the target for saving Deposit Schemes maturity amount, time period & enjoy the benefit of quarterly compounding of interest.