Travel Plans For US Usually Cover Other Nations

Queries Ayesha Ansari, Hyderabad I am an 18-year-old student. I want to open a savings bank account. Which one should I go for—a basic savings account or a normal account with a monthly minimum balance? This is entirely dependent on how you wish to use your bank account. If you use the money with caution so that adequate money is always available in your bank account, then an account with a monthly minimum balance should be fine. If your account may have less balance at times, which could go beyond a month, it is better to take a basic savings account. But remember that in a monthly minimum balance account, you will get privileges like higher ATM withdrawal limits, more free cheques, possibly a good credit card, international debit card, zero or low charges on demand drafts, etc. So, take your call. You may also consider investing your surplus money rather than parking it in a...