A savings account is a bank product that enables every customer to earn interest from the deposits they place in their bank account. It is a beneficial mechanism for both bank and customers when there is a saved money in a bank account.
There are also other perks of saving money in your savings account. Some banks give lesser interest rates for mortgages, give freebies during holidays and put aside credit card annual fee if you are one of their clients.
In India, there are many banks you can apply for to get a savings account. One bank you can select is HDFC Bank. It is a private top bank in India. It was founded by the Housing Development Finance Corporation Limited (HDFC), India's largest housing finance company.
HDFC was among the first banks to get clearance from the Reserve Bank of India (RBI) to establish a bank in the private division. The bank was established in August 1994 by Bibu Verghese.
HDFC Bank has its primary industry in banking and financial services. The bank's products consist of mortgages, commercial banking, investment banking, credit cards, personal banking and asset management.
Its current main office can be seen in Mumbai, India and presently holding the position of chairman is C.M. Vasudev and Aditya Puri as administering director. HDFC bank is also a member of Bombay Stock Exchange (BSE) and New York Stock Exchange (NYSE).
If you are looking for means on how to open a savings account at HDFC, you may follow or consider the following tips in order to have an easy application.
1. Before moving to the bank, prepare and produce the full requirements like valid ID, certification of billing and initial front money.
2. Make sure to fill-up required information on your application papers totally.
3. Inquire or ask bank employee for any questions when you don't know what to do.
4. Take your ATM or passbook after 3-5 banking days since it will undergo processing and validation.
5. Start your ATM and alter your PIN number.
A savings account is a good vehicle to assist you save money in safe and beneficial way. By bank account, you can acquire interest from the principal money you invested and your cash is placed in secured area.
HDFC bank is a great private bank in India which you may select to apply for a savings or other bank account. You must prepare and bring all the requirements in opening a bank account prior to going to the bank in order to have a fast processing of your application.
Author Resource:
Kumar Singh is a money blogger who likes writing about financial education, saving, investments and earn money online. For helpful information on how to apply a HDFC Bank account, you can drop by India Bank site.
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")