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A deposit account held at a bank that provides principal security, a modest interest rate and high degree of liquidity, is termed as a normal savings account.
Normal Savings account funds are considered one of the most liquid investments apart from cash. Savings accounts are thus ideal for keeping emergency money or money for daily expenses that you might need at a later date.
Various factors that need to be considered while choosing the right bank to open a savings account with include
Online application may take some days.
Offline account can be opened in 15-20 minutes depending upon the type of the account after submitting the completely filled Account Opening Form.
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