Opening a savings account is an excellent way to save and manage your money. It offers liquidity and earns interest on your savings, which are deposited in your account weekly, monthly, or annually.
source https://www.caclubindia.com/articles/advantages-of-opening-basic-savings-bank-deposit-account-47148.asp
source https://www.caclubindia.com/articles/advantages-of-opening-basic-savings-bank-deposit-account-47148.asp
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