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Building An Emergency Fund: How an IndusInd Bank Savings Account Can Help
Posted on Thursday, September 28th, 2023 | By IndusInd Bank
From minimal documentation and competitive interest rates to an array of digital banking services, IndusInd Bank savings accounts offer several benefits to build an emergency fund for a rainy day.
Life often surprises us with unexpected challenges when we least expect them. Whether there are unexpected medical expenses or a sudden job loss, having an emergency fund is crucial for safeguarding your financial well-being. It helps you to avoid unnecessary borrowing and getting into debt. A crucial part of creating a solid emergency fund is picking the right savings account. IndusInd Bank offers a range of savings accounts, each designed to meet your specific financial needs. Keep reading to explore the significance of having an emergency fund and how to choose a suitable IndusInd Bank savings account to begin your journey towards financial security.
Why Build an Emergency Fund?
Here is why building an emergency fund is a smart move:
| Financial Stability | Provides a safety net to address unexpected expenses. |
| Peace of Mind | Equips you to tackle unexpected challenges or situations. |
| Debt Prevention | Eliminates the need to resort to high-interest loans or credit cards to deal with unforeseen financial crises. |
| Protect Investments | You do not have to sell your investments prematurely or pay penalties when sudden expenses arise. This ensures you can stick to your long-term financial plans. |
| Quick Access to Funds | Unlike assets that take time to convert to funds, an emergency fund in a savings account offers immediate access to funds in times of need. |
Features & Benefits of IndusInd Bank Savings Accounts
Some of the key features and benefits of IndusInd Bank savings accounts are as follows:
- Basic eligibility requirements
- Minimal documentation to streamline the process
- Attractive interest rates
- Experience omnipresent banking with a comprehensive suite of digital banking services
- My Account My Number – Select the preferred account number
- Attractive discounts on locker charges
- Lifestyle benefits across dining, travel and entertainment
Open an IndusInd Bank Savings Account in Four Easy Steps
Here are four simple steps for an online bank account opening with IndusInd Bank and building your emergency fund:
- Choose Your Account Number: Click the ‘Apply Now’ button on this webpage. Enter your mobile number, which will also be your account number. You can change the account number to your preferred 10-digit number. Provide your PAN and Aadhaar number for verification purposes.
- Provide Your Information: The bank will request essential information to complete the online bank account opening process. This includes your name, birthdate, contact details, current address, etc.
- Complete KYC On a Video Call: IndusInd Bank offers the convenience of completing your KYC procedure through a video call. You can authenticate your identity and complete the necessary paperwork with a few clicks.
- Fund Your Account: Once your account is set up, you may start depositing money into it, and begin building your emergency fund.
Open a savings account with IndusInd Bank to start building your emergency fund. Apply online now!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
