Five financial New Year’s resolutions you should stick to this year
The start of a new year brings with it an opportunity to reflect on the year that has passed and set goals for the future, especially when it comes to managing the finances better. You can take stock of your previous decisions and make new ones for a financially better future.
Here are five ways you can start the new year with a fresh perspective when you follow these effective yet practical financial New Year’s resolutions.
1. Open digital savings account for daily transactions
If you haven’t joined the digital banking bandwagon, it’s time you did! A digital savings account is similar to an electronic way of depositing your money – you can access your money from anywhere, anytime, and don’t need to sync your time calculations with the bank to make transactions or access banking services. With Airtel Payments Bank, you can open a secure, paperless and contactless savings account from home with just a video call. What’s even better is that there is no minimum balance requirement. You can enjoy up to 6 percent interest on your savings account, deposit any amount as many times as you like, and use the account to make contactless payments with the Scan & Pay feature through UPI.
Interest: Until ₹1 lakh: 2.5% ( ₹2500) pa
₹1 lakh – ₹2 lakhs: 6% ( ₹6000) pa
2. Switch to the safest way to pay
As more and more people use digital payments for the convenience it offers, there has also been an exponential increase in digital payment fraud over the past 3 years. The government’s cybercrime department reported more than 61,000 complaints about digital payments in May 2022 alone. Considering the above facts, it is not wise to risk your primary account by using it for all your day-to-day transactions. Opting for a separate account for daily payments with a digital bank such as Airtel Payments Bank would be prudent. In addition to getting the convenience of banking from your home or office, you also get added security with Airtel Safe Pay. This feature ensures that no transaction goes through without your review and approval. Airtel Payments Bank offers an additional third-factor authentication, which no other bank or wallet offers, for a secure banking experience.
3. Make smart investments
Gone are the days when investments were limited to deposits or stock markets and one had to go through tedious processes and lengthy paperwork to make investments in their preferred avenues. With the alternative investment space increasingly popular for the kind of returns it offers to beat inflation, you can look to avenues like Digi Gold to park your surplus funds. Using Airtel Payments Bank, you can buy and sell 24 Karat 99.50 percent pure gold without having to store it in a bank locker or similar safe place. The gold is bought for you, and you can request its physical delivery at any time and on as many occasions as you wish. You also have the flexibility to invest any amount in Digi Gold – it can even be as low as ₹1. Besides Digi Gold, Airtel Payments Bank also offers fixed deposits in partnership with IndusInd Bank. This yet another smart investment option from Airtel Payments Bank allows you to earn an interest of up to 6.75% pa, while senior citizens will receive an additional 0.50% on all FDs.
4. One app for multiple payments
India has taken giant leaps towards digital payments after demonetisation, and the pandemic further accelerated this trend, ushering in a kind of cashless revolution in the country. Although we transact money online more than ever, switching to different apps for different payments is holding us back. But not anymore with a digital bank like Airtel Payments Bank. The most secure digital bank lets you use one app, Airtel Thanks App, for multiple payments. Thanks to the app’s intuitive user interface/UX, paying utility bills, shopping online, buying insurance and much more is a breeze.
5. Reward Payments
Airtel Payments Bank rewards you for every transaction with the Rewards123 program. The program offers cashback benefits, subscription plans and much more for digital transaction using the Airtel Thanks app.
So what are you waiting for? Switch to Airtel Payments Bank, the most secure digital account, for all your daily transactions.
Disclaimer: This article is produced on behalf of the brand by the HTBS team.