Savings Account Features & Benefits
Account Types Available:
- Regular Savings Account: Standard account with minimum balance requirement
- Zero Balance Account: No minimum balance needed, ideal for everyone
- Salary Account: For salaried individuals with company tie-ups
- Senior Citizen Account: Higher interest rates and special benefits
- Women's Savings Account: Special schemes and discounts
- Kids Savings Account: For minors with parent as guardian
Key Features:
- Interest on daily balance (2.5% - 4% p.a.)
- Free ATM/Debit card with contactless payment
- Internet & Mobile banking facility
- Unlimited free transactions
- Cheque book facility
- Overdraft facility (subject to eligibility)
- Auto sweep-in facility for better returns
- UPI payment integration
📄 Documents Required:
- PAN Card (mandatory)
- Aadhaar Card (for e-KYC)
- Address proof (Aadhaar, passport, voter ID, utility bill)
- Passport size photographs (2-3)
- Initial deposit amount (varies by bank)
- Income proof (for certain account types)
Partner Banks:
SBI, HDFC, ICICI, Axis, PNB, BOB, Kotak, IndusInd, Yes Bank, IDFC First, AU Small Finance, and 40+ other banks.
Open Savings Account
Zero balance accounts available
Instant activation with video KYC
All major banks supported
Credit Card Types & Features
Credit Card Categories:
Rewards Cards
Earn reward points on every purchase. Redeem for products, vouchers, or cashback. Best for regular spenders.
Cashback Cards
Get instant cashback on purchases. 1-5% cashback on various categories. Direct credit to account.
Travel Cards
Free airport lounge access, travel insurance, air miles, hotel discounts. Best for frequent travelers.
Fuel Cards
Extra cashback/waiver on fuel purchases. Up to 4% fuel surcharge waiver. Best for vehicle owners.
Lifetime Free Cards
No annual fee ever. Basic benefits without maintenance charges. Ideal for first-time users.
Premium Cards
Exclusive privileges, concierge service, golf access. Higher credit limit. For high-income individuals.
Key Benefits:
- Interest-Free Credit Period: 20-50 days interest-free credit
- EMI Conversion: Convert big purchases to easy EMIs
- Shopping Offers: Exclusive discounts on e-commerce, dining, movies
- Insurance Coverage: Purchase protection, lost card liability protection
- Contactless Payment: Tap & pay for quick transactions
- International Usage: Use globally at millions of merchants
📄 Documents Required:
- PAN Card, Aadhaar Card
- Income proof (salary slips/ITR/bank statements)
- Address proof, employment proof
- Passport size photographs
- Existing credit card details (if any)
Get Credit Card
Lifetime free cards available
Compare cards from all banks
Expert guidance on selection
Popular Cards We Offer:
HDFC Regalia, SBI SimplyCLICK, ICICI Amazon Pay, Axis Flipkart, Kotak 811, IDFC First Wow, and 100+ more cards
Demat Account Details & Features
What is Demat Account?
A Demat (Dematerialized) account is used to hold shares and securities in electronic format. It's mandatory for trading in stock market. Works like a bank account for shares instead of money.
Account Types:
Regular Demat Account
For Indian residents. Trade in NSE, BSE. Access to equity, derivatives, commodities, currency.
Basic Services Demat Account (BSDA)
For small investors. Holdings up to ₹4 lakhs. Zero annual maintenance charges. Limited features.
Repatriable Demat Account
For NRIs. Can transfer funds abroad. Higher documentation requirements. Both NRE and NRO options.
Non-Repatriable Demat Account
For NRIs. Cannot transfer funds abroad. Lower charges. Investment stays in India.
Features & Benefits:
- Trade in Stocks: Buy/sell shares of 5000+ companies listed on BSE/NSE
- IPO Investment: Apply for Initial Public Offerings directly
- Mutual Funds: Invest in thousands of mutual fund schemes
- F&O Trading: Trade in Futures & Options for higher returns
- Safe & Secure: No risk of theft, damage, forgery of physical certificates
- Easy Transfer: Quick electronic transfer during buying/selling
- Nomination Facility: Nominate family members for smooth succession
- Portfolio Tracking: Real-time portfolio value, P&L tracking via apps
📄 Documents Required:
- PAN Card (mandatory for trading)
- Aadhaar Card (for e-KYC)
- Address proof (Aadhaar/passport/voter ID/utility bill)
- Income proof (bank statement/salary slip)
- Cancelled cheque or bank statement (for bank linking)
- Passport size photographs
- Signature on white paper
Partner Brokers:
Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, HDFC Securities, Kotak Securities, Motilal Oswal, Sharekhan and more.
Open Demat Account
Zero brokerage plans available
Trade in stocks, MF, IPO
Expert trading guidance
Why Start Trading?
- Wealth creation opportunity
- Beat inflation returns
- Financial independence
- Passive income generation
| Feature | Savings Account | Current Account | Demat Account |
|---|---|---|---|
| Purpose | Personal savings & transactions | Business transactions | Investment & trading |
| Interest | 2.5% - 4% p.a. | No interest | No interest (capital gains) |
| Transaction Limit | Limited free transactions | Unlimited transactions | Based on broker charges |
| Minimum Balance | ₹0 - ₹10,000 (varies) | ₹10,000 - ₹25,000 | No minimum balance |
| Best For | Individuals, salaried persons | Businesses, frequent transactions | Investors, traders |
| Overdraft | Available (subject to eligibility) | Easily available | Not applicable |
1. Assess Your Spending Pattern
High Spender (₹50K+ monthly): Choose premium rewards or cashback cards with higher annual fee but better benefits.
Moderate Spender (₹20-50K): Mid-tier cards with moderate annual fee and good reward rate balance.
Low Spender (Below ₹20K): Lifetime free cards or basic cards with no annual fee requirements.
2. Check Income Eligibility
₹15K-25K/month: Entry-level cards (basic, cashback)
₹25K-50K/month: Mid-tier cards (good rewards, lounge access)
₹50K+ /month: Premium cards (travel, platinum, signature)
3. Understand Card Charges
- Annual Fee: ₹0 to ₹10,000+ (often waived on spending target)
- Interest Rate: 2.5-3.5% per month (30-42% p.a.) on outstanding
- Late Payment: ₹500-1,300 penalty per month
- Forex Markup: 1.99-3.5% on foreign transactions
Start with Basics
- Learn Before Investing: Understand stock market basics, fundamental analysis, technical analysis before putting real money.
- Start Small: Begin with ₹5,000-10,000 to learn market dynamics without risking too much capital.
- Paper Trading: Practice on virtual trading platforms first to build confidence and strategy.
- Read & Research: Study company financials, news, sector trends before buying any stock.
- Avoid Tips: Don't blindly follow WhatsApp/Telegram tips. Do your own research always.
- Long-term Mindset: Focus on long-term wealth creation rather than quick profits through day trading.
Diversification is Key
- Don't Put All Eggs in One Basket: Spread investments across sectors (banking, IT, pharma, FMCG, auto)
- Mix Large, Mid, Small Caps: Allocate 60% large-cap (stable), 25% mid-cap (growth), 15% small-cap (high risk-reward)
- Include Mutual Funds: For automatic diversification and professional management
- Asset Allocation: Balance between equity (stocks), debt (bonds, FD), and gold/real estate
- Regular Review: Rebalance portfolio every 6 months based on performance
- Emergency Fund First: Keep 6 months expenses in savings/FD before aggressive investing
Savings Account Mistakes
- Maintaining High Balance: Don't keep large idle funds in savings. Invest surplus in FD/mutual funds for better returns.
- Ignoring Minimum Balance: Penalty charges can be ₹500+ per month. Switch to zero-balance accounts.
- Not Using Online Banking: Missing convenient features, offers, and monitoring capabilities.
- Single Bank Dependency: Keep accounts in 2-3 banks for backup and better interest comparison.
Credit Card Mistakes
- Paying Only Minimum Due: Attracts 3%+ monthly interest on remaining. Always pay full amount.
- Multiple Cards Without Need: Too many cards hurt credit score and are hard to manage.
- Missing Payment Dates: Late fee + interest + negative credit score impact. Set auto-pay.
- Cash Withdrawal: High charges (2.5-3%) + immediate interest. Avoid using credit card for cash.
Investment Mistakes
- Emotional Trading: Don't panic sell during market fall or greed buy during rise.
- No Stop Loss: Always set stop loss to limit potential losses in volatile stocks.
- Ignoring Charges: Brokerage, STT, GST add up. Choose low-cost brokers for frequent trading.
- Holding Losers: Don't hold losing stocks hoping for recovery. Cut losses and reinvest wisely.
Ready to Start Your Banking Journey?
Savings Account | Credit Cards | Demat Account | Expert Guidance
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House No 49, Ward No 3, Rerua Kalan, Sukulganua, Rewa - 486123, MP