A common perspective of every human is to save for tomorrow to lead a happy and secured life. In order to fulfill that necessity one must be well aware of the required ways of saving and utilize the money earned by every individual out of hard-work and complete dedication. A huge amount of people are not well known about the financial planning and as a result end up making some mistakes which bring disaster to their lives and existence. This serious problem of the society now can be solved with an initiative taken by a financial advisor company, Money Mindz. India’s First On-call Financial Advisory Portal, MoneyMindz is introducing the savior, Kuber Mindz, India’s First Interactive Financial Advisor to the people to provide them excellent financial guidance which can make them confident in becoming a smart investor, financially independent. Your own latest financial advisor, Kuber Mindz is ready to be communicated and asked any queries regarding any financial matter.
Banking system plays an imperative part in the financial state of an individual leading to a prosperous and affluent life. If one is well introduced to the banking system and its necessity then he/she can plan for a better tomorrow. Kuber Mindz can be the best key to guide through the essentials of deposits and bank account to any needy person looking for any such supervision. Get Personalized Advice On Deposits and Bank Accounts Visit or Give A Miss Call On 022-62116588
Basically, bank deposits are such instances where deposits of customer’s funds are made into their own accounts. Whenever the customers want to withdraw their funds, the banks must provide them their funds also the banks can use the funds for investments or loans to other customers till the depositor makes a withdrawal. Deposits are an integral part of the money supply. Throughout the economy governments create and spread money in accordance to investment. Investment is hugely possible as people move large amount of money by saving, transferring and also withdrawing funds from bank accounts. Bank deposit can be termed as the primary tool of investment. India Best Free on-call/online Saving Bank Account investment Financial Advisory Portal
Bank deposits comprises of money placed into banking institutions for safekeeping. Deposits can be made to deposit accounts such as savings account, checking accounts and money market accounts. The account holder can withdraw deposited funds whenever he/she requires. The deposit can be termed as a liability owed by the bank to the depositor. At the time of opening a bank account and making a cash deposit, the person surrenders legal title to the cash, becoming an asset of the bank.
Several different types of deposit accounts can be found including current accounts, savings accounts, call deposit accounts, money market accounts and certificates of deposit (CDs). Let us have a look at the various bank accounts and its importance:
1. Current Deposit Account:
This account is also called a demand account as it is a basic checking account. Consumers can deposit money and can withdraw as desired on demand. Using bank cards, checks or even over-the-counter withdrawal slips, an account holder can withdraw funds. For current accounts, banks charge monthly fees from the consumers.
2. Savings Account:
On the consumer’s deposits, the savings account offers the interest to the holder. If the holders do not want to maintain a set balance or a certain number of deposits, they can incur a monthly fee. These accounts are generally not linked to paper checks or cards like current accounts, as their funds are relatively easy for account holders to access. Get Personalized Advice On Saving Accounts Miss Call On 022 62116588
3. Time Deposit Accounts:
A time deposit account is also regarded as an investment vehicle for consumers. It is also known as certificates of deposit (CD). This account offers a higher rate of return than traditional savings account but there is an exception that the money should stay in the account for a set period of time.
4. Call Deposit Accounts:
Financial institutions usually refers to these accounts as interest-bearing checking accounts, Checking Plus or Advantage Accounts. Such accounts combine the features of checking and savings accounts, allowing consumers to easily access their money but also earn interest on their deposits.
5. Federal Deposit Insurance Corporation:
The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance that guarantees the deposits of member banks for at least $250,000 per depositors, per depositor, per bank.
Kuber Mindz is a great platform for a person looking forward to make any financial savings but is confused about the further saving plans and strategies. This friendly financial advisor, Kuber Mindz will deliver necessary guidance with various updated saving plans and procedures providing clarity that will ensure that every person makes the right financial savings attaining huge profit and returns. There will be no human interruption and one can directly communicate with Kuber Mindz and clear any financial query. This active participation taken by Money Mindz, Free Financial and Investment Assistance Company hopes to bring a great positive impact in every individual of our nation.
For more information visit www.moneymindz.com or give a missed call to 022-62116588