A savings account is an account of a bank or any other financial institution where you can deposit some
amount of money at a modest interest rate. Usually, a savings account is used for regular transactions
by people who are salaried and by those who have considerable financial goals.
- Salary/Income proof
- 3-6 months bank statements
- Valid Passport
- Valid Residence Visa
Debit card annual charges
Some banks offer debit cards free for a lifetime while some offer free
cards only for a year.
Unlimited usage of ATMS
Few banks provide the facility of unlimited transactions. Even though
the charges are less, they can be increased with time.
Some banks provide savings account in foreign currencies. You have to make
a choice depending upon your requirement.
Charges on minimum balance requirement
Savings account demands a minimum balance requirement. If
you don't maintain the same, charges can be imposed upon you depending upon the bank you approach.
Remittance charges are applied to expats who send money outside the country.
Some banks offer free transactions. It's always wise to choose a bank that offers best and amicable