Many individuals have begun to store their money, jewellery, and other valuable assets using bank accounts. They tend to keep them in a safe position where there is no fear of misuse or misplacement. All these facilities enable India's people to start planning for the future and invest in other financial tools to benefit from lifetime returns.
There were days when people stood for prolonged hours in queues outside banks to check their account balance, transfer funds, or even update their passbook or bank account statement. They had many other priorities to attend, but they compromised on all of them to stay up to date with the savings bank account. Finance is an essential tool to live a peaceful and happy life. Hence, it is safer to track it and start saving for the future from the present day.