{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/categories\/manage-your-finance\/how-opening-a-separate-savings-account-for-investments-will-help-manage-your-financial-planning\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/categories\/manage-your-finance\/how-opening-a-separate-savings-account-for-investments-will-help-manage-your-financial-planning\/","headline":"How Opening a Separate Savings Account for Investments will Help Manage your Financial Planning","name":"How Opening a Separate Savings Account for Investments will Help Manage your Financial Planning","description":"A separate savings account helps you segregate savings from expenses. An easily accessible corpus of funds, it can help boost financial planning by enabling you to earn interest and invest with ease. While none can deny the joys of earning money, there is an equal \u2013 if not greater \u2013 pleasure in seeing that money...","datePublished":"2023-01-18","dateModified":"2023-01-20","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/#Person","name":"IndusInd Bank","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/separate.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/separate.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/categories\/manage-your-finance\/how-opening-a-separate-savings-account-for-investments-will-help-manage-your-financial-planning\/","about":["Manage your Finance"],"wordCount":958,"keywords":["Savings Account Interest Rates","Zero Balance Account"],"articleBody":"A separate savings account helps you segregate savings from expenses. An easily accessible corpus of funds, it can help boost financial planning by enabling you to earn interest and invest with ease.While none can deny the joys of earning money, there is an equal \u2013 if not greater \u2013 pleasure in seeing that money grow over time. Needless to say, this requires your earnings to be protected and invested in a judicious manner so as to ensure long-term stability and expansion. Luckily, it\u2019s never too late to begin saving. No matter when you begin, effective financial planning can go a long way towards making your savings multiply.Six Simple Tips for Sustainable Money ManagementDo not procrastinate; the earlier you begin, the more you get to saveKeep a daily or weekly track of your expenses, reviewing them at regular intervalsImbibe financial discipline; identify and cut back on unnecessary expensesSet long-term and short-term financial goals and try to remain focused on themTry to avoid or limit your debt as much as possibleOpen a contingency account i.e. a separate Savings Account in which you set aside a certain sum of money at the beginning of every monthWhile all the aforementioned tips are essential for healthy financial planning, the last one, in particular, has long-term importance. Read on to find out more in detail.A Separate Savings Account for Financial PlanningA savings account is a secure place to deposit your hard-earned earnings and gain access to those whenever you like. To begin with, opening a separate savings account helps you streamline your finances, segregating savings from expenses. There are 3 crucial ways in which a separate savings account helps boost financial planning:Earn Interest: Every savings account comes with the benefit of earning interest on the money you deposit. This enables you to maximise your savings, no matter what the savings account interest rate.Invest with Ease: A separate Savings Account for investments \u2013 stocks, mutual funds, Fixed Deposit, or Recurring Deposit \u2013 enables you to keep better track of your returns and earnings. For instance, whenever you earn returns, you may redeem them into your Savings Account for further investments. 3)\tBe Prepared for Emergencies: Unlike other investments with a \u2018lock-in\u2019 feature, the money in your Savings Account is always available for use. Should there arise an unforeseen situation, you may easily withdraw the money from your account \u2013 no penalty, no hassle.  Indus Delite: Zero Balance Saving AccountConvinced of the merits of a separate savings account? You may begin putting away your savings right away with the Indus Delite Savings Account from IndusInd Bank. Extremely easy to use and operate, this zero balance savings account can be quickly opened online in four simple steps anywhere, anytime. Thanks to the 100% paperless process, all you would require is your Aadhar and PAN card to open the account and begin experiencing world-class banking instantly!The Indus Delite Savings Account has easy-to-meet eligibility criteria. Furthermore, there are nil charges on non-maintenance of balance, allowing you to use your money as per your convenience, without any restrictions. Best of all, the account allows you to enjoy several benefits. Some of the top benefits are:6X reward points on shopping with the Platinum Plus debit cardBuy-one-get-one-free offer on movie tickets booked on bookmyshow.comDiscounts and offers on shopping & dining, including on Big Basket and SwiggyAttractive cashback on Amazon with your debit cardComplimentary insurance cover worth *INR 35.5 Lakhs with the Platinum Plus Debit cardThe Indus Delite Savings Account is a superb option for those who wish to maintain a separate savings account with minimum fees & charges, and maximum benefits. Begin making the most of your earnings with the Indus Delite zero-balance savings account today!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.Share This:"}