Everyone has a set of banking requirements. They can be basic, like paying utility bills or something specific such as fund transfers, investments, and Loans. You need a Bank Account to meet these needs. There are different types of Bank Accounts to access. Consider opening an account that matches your expectations.
Savings Accounts let you carry out daily banking transactions in a hassle-free manner. It lets you park your money securely and retain instant access. Furthermore, it earns a competitive interest rate, keeping your money working. You can open Bank Account online or offline with a leading bank. Whenever you have a significant amount handy, deposit it in your account.
As mentioned, it safely holds your money and provides instant access. You can deposit money in your account in the following ways:
Bank branch
An old-school way of depositing money is visiting your bank branch. You can deposit money in your account as cash or cheque. Fill out the deposit slip readily available at bank counters. In the deposit slip, mention your name, account number, deposit amount, deposit mode, and date. Cross-check all details entered before submitting the slip to the bank.
Once the bank receives your deposit slip, they check all the details and process the deposit request. Post this, you can expect funds to reflect in your account within 24-48 hours.
ATM
You can visit your bank ATM to deposit money in your Bank Account. Follow these steps to deposit money:
- Swipe your Debit Card and enter your PIN in the ATM.
- Once the ATM reads your card, it asks you to select your account type and enter your account number.
- The screen presents various banking options. Select cash deposit.
- Enter your deposit amount and accept the corresponding button.
- Stack up your money neatly and put it in the cash deposit box.
Upon deposit, your money will reflect in your account soon. The bank notifies you via SMS and email once the money gets deposited.
Online transfers
You can operate and open Savings Account online. This lets you initiate seamless fund transfers, pay bills, make repayments, and invest within minutes. You can make online fund transfers to deposit money in your account or another beneficiary’s account. RTGS, NEFT, and IMPS are different transaction modes. The deposit time depends on the opted transfer method.
IMPS facilitates immediate transfers and deposits. RTGS and NEFT take up to 30 minutes for activation.
Third-party portals
They are simple and convenient, so they are a popular mode of fund transfer. You can use verified third-party portals to deposit money in your account. Make sure safety is a priority when operating through third-party portals. Rely on a secured internet connection for secure usage.