-
Customer care hotline Call +44 7831 065557
Are you ready for an upgrade?
Login to the new experience with best features and services
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
Accounts
Deposits
Loans
- Metra Trust Loans
-
Personal Loan
-
Consumer Durable
Loan -
Home Loan
-
Education Loan
-
New Car Loan
-
Pre-owned Car Loan
-
Two Wheeler Loan
-
Pre-owned Two
Wheeler Loan -
Commercial Vehicle
Loan -
Gold Loan
-
Loan Against Property
-
Loan Against Securities
-
Personal Loan
EMI Calculator -
Education Loan
EMI Calculator -
Home Loan
EMI Calculator
Wealth & Insure
Payments
Cards
- Metra Trust Cards
-
Ashva :
Metal Credit Card -
Mayura :
Metal Credit Card -
FIRST Millennia
Credit Card -
FIRST Classic
Credit Card -
FIRST Select
Credit Card -
FIRST Wealth
Credit Card -
FIRST WOW!
Credit Card -
Forex Card
-
Deals
-
Debit Cards
-
Co-branded Cards
-
Credit Card
EMI Calculator -
FIRST Corporate
Credit Card -
FIRST Purchase
Credit Card -
FIRST Business
Credit Card
Premium Metal
0% Forex & Travel
Lifetime Free
- Max benefits, Free for life
-
FIRST Classic10X RewardsShoppingNever Expiring Rewards
-
FIRST Millennia10X RewardsShoppingNever Expiring Rewards
-
FIRST Select10X RewardsLifestyle1.99% Forex
-
FIRST Wealth10X RewardsLifestyle1.5% Forex
-
FIRST WOW!RewardsTravelZero Forex
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
10X Rewards
- Reward Multipliers
-
AshvaLifestyleMetal₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST ClassicNever Expiring RewardsShoppingLifetime Free
-
FIRST MillenniaNever Expiring RewardsShoppingLifetime Free
-
FIRST SelectNever Expiring RewardsLifestyleLifetime Free
-
FIRST WealthNever Expiring RewardsLifestyleLifetime Free
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Corporate Account
Cash Management Services
Corporate Lending
Treasury
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Offers
About Us
Investors
Careers
ESG
A savings account offers a safe place to keep your money. Additionally, there are other benefits of a savings account that can be used for financial management.
We give you a few reasons why you should keep your funds in a savings account:
Helps you save more
The value of money may decrease with inflation. Savings accounts offer best bank interest rates. This can add to your savings and counter this devaluation.
Entitles you to a tax benefit
Another advantage of a savings account is the tax benefit it offers. You can claim a tax deduction on the interest earned from the account under Section 80TTA of the Income Tax Act.
Inculcates financial discipline
As you know, savings accounts offer an attractive rate of interest. Thus, they can help your money grow. This, in turn, can motivate you to save more. It also helps inculcate the habit of saving regularly.
Facilitates tracking of expenses
One of the best things about a savings account is that you can keep tabs on your money. Every transaction that you make using the savings account can be tracked. You can view periodic statements or check the latest transactions online. In this manner, you can keep track of your spending with the help of a mobile banking app.
Helps meet your liquidity needs
You can withdraw money from your account at any time. The money in your account can be used for short-term goals, emergencies, paying online bills, and everyday expenses.
Helps secure your money
Savings accounts are perhaps one of the safest financial instruments for keeping your money. They are safer than other market instruments which invest your money and give you returns. Also, they ensure the physical safety of your money.
There are various financial instruments where you can park your money, but a savings account offers you a good balance of liquidity and returns. Also, you do not have to visit the bank to open an account; you can easily open savings bank account online.
Metra Trust offers different types of savings accounts with competitive interest rates, minimal charges, and free multiple fund transfers. Also, you get to benefit from cashbacks on movie tickets, airport lounge access, and complimentary personal accident insurance. Start building your wealth with a savings account today.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust 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 mentioned. Please consult your financial advisor before making any financial decision.