Your savings account can do more than just hold your money. It can help you reach your financial goals faster. Many banks offer perks that go beyond just interest rates. From special bonuses to rewards for their customers, these features can add real value. By knowing how to use these opportunities, you can make the most of your savings.
Want to find out how? Let’s see how your savings account can work on your favour.
Discounts
Many banks join hands with retailers, restaurants and e-commerce shopping platforms to provide discounts on purchases. For example, you can get a percentage off on the total bill when paying with a bank’s credit or debit card. Deals like a 10% discount on lifestyle brands or half-price food orders are common examples.
Cashbacks
These bank deals offer a return of a portion of the money you spent to your bank account. For instance, if you spend on specific categories like groceries, fuel or online shopping, you can get a specific amount back. You must have seen bank offers like: Get up to ₹500 cashback on credit card spends over ₹4999.
Buy One Get One (BOGO)
This is one of the most common types of promotional deals offered by banks. For instance, you can find BOGO deals on movie tickets, where customers can get an extra ticket for free using cards.
Similar offers are available for restaurants and cafes, where you can enjoy a second meal or drink for free when you make a payment with a partnered bank card. These deals are a great way to get more value out of your spending while enjoying leisure activities.
Travel Benefits
Travel-related discounts and offers are highly popular among customers. Banks in India partner with travel companies and provide significant savings on flights, hotels and vacation packages.
This way, you can plan trips at affordable prices. Some debit and credit cards also come with free complimentary access to airport lounges as part of their travel benefits. It includes free refreshments, internet access and a comfortable place to relax before boarding a flight.
Coupons
Coupons are simple and effective bank deals that provide you with instant savings on purchases. They are used at checkout when shopping online or in-store. You can enjoy discounts, cashback or additional benefits on various categories, based on the merchant and bank.
Hence, coupons are a popular and easy way for you to maximise the value of your bank account and save money effortlessly.
On What Categories Can You Find Exclusive Bank Deals and Offers?
Here are some categories around which you can find exclusive bank deals and offers:
- Food ─ You can save on dining and ordering food online. These can help you save more on everyday meals, making the experience more affordable and enjoyable.
- Travel ─ Discounts and offers on hotel bookings, railway, bus or air tickets and car rentals cut down your travel expenses immensely. If you are on a tight budget, then you should definitely look for such deals.
- Shopping ─ From fashion to home appliances, you can get exclusive bank deals and offers on these categories at both offline stores and online platforms. So, shop your heart out while saving money.
- Entertainment ─ Buy vouchers, gift cards and get reward points for purchasing movie tickets, food and beverages. These bank deals ensure that you don’t miss out on the fun.
- Groceries ─ Save on the monthly budget by getting groceries at slashed prices. Bank deals and offers are usually on grocery retail chains and delivery services.
- Lifestyle ─ Health and wellness are top priorities, but maintaining a certain lifestyle doesn’t have to be expensive. Banks offer discounts on fitness memberships, organic products, medicines, and more. They support your health goals and encourage a balanced, well-rounded lifestyle.
Endnote
Now is the time to check what your bank offers. Take a look at the offers on your savings account, debit and credit cards via mobile or net banking.
After researching, you might find out there are many merchants or platforms where you can get products and services at reduced costs. So, take advantage of those deals and maximise your savings today.
