Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore Gift City
About Us
Investors
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now

FinFIRST Blogs

Credit Card Savings Account Personal Loan Home Loan Car Loan Education Loan Two Wheeler Loan NRI Business Banking Fixed Deposit Finance Beyond Banking MyFIRST Mobile Banking Startup Banking Investments Salary Account
Apply Now

Savings Account

Benefits of an online Savings Account

Summary: With rapid progress in digital banking, an online savings account today is one of the most sought-after banking products, thanks to a plethora of benefits and conveniences it offers. Read the article below to learn about online savings account, its benefits, speed and ease of services and some helpful tips to operate the account, to get a seamless banking experience.

03 May 2024 by Metra Trust
online saving account opening
Apply Now

 

Online money transfers,, undoubtedly, have become one of the “most-accessed” digital banking services for individuals in India, thanks to rising popularity of new-age online transfer solutions  such as UPI (Unified Payments Interface). Online savings accounts have only enhanced this convenience by offering customers access to several other banking services. Read on to learn more about the benefits of opening a digital savings account in India. 

READ MORE

marginal utility meaning
What is Marginal Utility
Key highlights of interim budget 2024
Interim Budget 2024: A glance at the key highlights

 

What are the benefits of opening a savings account online?
 

Here are the primary benefits of opening an online savings account:

  • Customers can conveniently open an online savings account


    • Banks have made it very convenient for customers to open an online savings account today. Metra Trust, for instance, follows a completely digital savings account opening process to onboard customers. Interested individuals must click on the account opening link on the site, fill out the form, select their savings account variant, fund their account, and complete their video KYC (Know Your Customer) procedure.

  • A digital savings account can help customers complete banking tasks with efficiency:


    • Apart from the attractive interest rates, monthly interest credits, and savings-friendly features, the Metra Trust mobile banking app also helps customers save their valuable time. Earlier, an individual would have to visit the bank branch for updates on their savings account. Today, the Metra Trust mobile banking app lets customers operate their digital savings account via a smartphone along with offering features such as “Track My Expenses” which help in budgeting with efficiency. Customers can now complete their banking tasks with a few taps, saving them a lot of time.

    Zero-fee banking is the next big thing in savings accounts that helps customers considerably grow their savings.

  • Opening an online bank account helps customers access funds easily:


    • Most banks offer efficient mobile banking services to customers to help them access their funds easily. Metra Trust’s mobile banking app helps customers download bank statements and check their bank account balance at any hour and the digital savings account customers of 25K AMB variant can also benefit from a host of features like free and unlimited ATM withdrawals (₹2 lakh daily ATM withdrawal limit).

  • Customers can automate their bill payments using a digital savings account:


    • A very important advantage of digital savings accounts is the automation of bill payments. Various banks offer customers the service of automating their bill payments through their online savings accounts. Metra Trust’s mobile banking app offers the “Autopay” feature that helps customers automate their regular payments. This helps customers pay their bills on time and budget better.

  • Banks offer attractive deals through their digital savings accounts:


    • Customers who opt for a digital account opening process can benefit from several discounts and cashback offers. Metra Trust customers can earn reward points on the purchases they make everyday and save a considerable sum each time they spend money using their debit card.

    Tips to ensure a good banking experience:
     

  • Automating one’s regular payments:


    • The Autopay feature on Metra Trust’s mobile banking app helps customers pay their utility bills on time and help them budget effectively without having to worry about keeping the payment dates in mind.

  • Choosing a savings account that offers a high rate of interest:


    • One must choose an online savings account that offers a high interest rate to consistently increase savings.

  • Prioritising good customer services and mobile banking services:


    • Customers should also prioritise good customer service to get prompt guidance with regards to their banking concerns. Metra Trust’s mobile banking app allows customers to contact their bank’s customer service team directly through the mobile banking app 24/7.

    Before selecting an online savings account, customers can also use Metra Trust’s savings account interest calculator to estimate the monthly interest that they will earn in the future on their savings account balance.

    The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.metratrust.com for latest updates.

    Prev

    Family finances 101: Maximise profits with your family’s contribution to tax planning
    Next

    Tax planning made more rewarding with other income tax sections

    Related Products

    Related Articles

    Download Metra Trust App

    Tags

    You might also be interested in:

    Savings Account

    Savings Account
    Personal Loan

    Personal Loan
    Credit Card

    Credit Card
    Home Loan

    Home Loan
    Two Wheeler Loan

    Two Wheeler Loan