Key reasons why zero balance saving account is a great financial tool

Well, for many savings account is probably the first interaction with the banking services. Almost everyone Indian, especially above 18 years of age, have a saving account in banks and/or financial institutions. This type of banking keeps your hard-earned funds safe and secured. Thus, you can rest assure that your funds are in safe hands, while earning good interest on the maintained bank balance.

With fastest growing digitization, people are heading more and more towards digital banking, but still, zero balance saving account hasn’t lost its preference and popularity. This is because a savings account comes packed with numerous benefits and additional privileges.

Benefits of zero balance savings account:

1. Asset protection – Money is the biggest asset of anyone’s life and is frequently required to fulfil needs and desires. Therefore, it makes sense to keep the funds safe and secured, instead of investing in some risk-worthy schemes. Compared to the investment schemes, savings account guarantees assured returns without any risk involvement in case of some unforeseen circumstances. 
2. Creates emergency corpus – No matter how well you plan your finances, unforeseen emergencies can popup any time, such as medical emergency, leaving you in a spiral of financial stress. Therefore, savings account acts as a quick financial solution to any unexpected monetary crisis. The flexibility of bank account makes you withdraw the funds if and when required. Hence, you can get your unexpected expenses covered while staying away from unwanted debts.
3. Complimentary debit card – Zero balance saving account is a host of several benefits and one such is complimentary debit card. A debit card allows quick access to funds via ATM withdrawal or online banking. In addition, the card can be upgraded to international debit card for overseas purchases and international transactions.
4. Hassle-free banking – The days are gone long back when banking was considered a hectic and daunting task, but, not any more. Today, operating a bank account is so easy and hassle-free that even a young kid can do it. No need to pay multiple visits to the bank. Just log in to https://savingaccount.in for an unmatched banking experience.
5. Saving habit – Of course, money is required at every stage of life and to keep day-to-day life perfectly balanced. Therefore, zero balance bank account is a perfect tool to promote saving habits among the individuals and passing the same habit to the young ones as well. 
6. Easy loan availability – In this inflation era, most of modern professionals own a loan or credit card for better financial management. So, if you have a bank account, it becomes super easy to get the loan. In addition, the repayment process too becomes hassle-free and convenient with auto-debit option. 

Hence, you’ve got a lot to do with a zero balance savings account.