Help Center
Locate us
Maximizing Your Financial Planning with a Separate Savings Account for Investments
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
For Kotak Bank Customers
For Kotak811 Customers
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
Success
Failure
Before you open a bank account online or offline, you must ensure to understand its purpose and ways you can use it to maximise your financial corpus over time. As you might know, a savings account is one of the prudent routes through which you can accumulate your funds safely and generate interest over time for your short-term goals. However, if you are eager to maintain a savings account solely for the purpose of generating wealth to meet your financial goals, you can open a separate account, just for the saving and investment purpose and don’t use it to make any purchases.
How to maximise your financial planning using a separate savings account for investments?
Ending note
Having a separate savings account solely for savings for your future goals is important. However, before you hit on the online savings account opening option, ensure you compute your monthly fixed expenses, such as rent and utility bills. Doing so would allow you to know the amount you can put in this newly created savings account monthly to create a corpus over time. You can also use a portion of your savings to deploy towards fixed-income instruments like fixed deposits or recurring deposits.
You have already rated this article
OK