NEWS & ADVICE : SAVINGS ACCOUNTS
How to check balance in savings bank account
By Neelima Shankar
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Many people have been facing trouble in checking the balance in their savings bank account. This guide by rupeetimes.com aims to provide an insight into the various ways in which one can check his saving account balance.

With the development of technology there are now four ways by which one can check his account balance.

Passbook updation: The oldest method of knowing savings bank account balance is to take the passbook of the respective bank to its nearest branch and ask for its updation. Once the passbook is updated, it shows the available balance in the person's savings account.

This traditional method has always been used by account holders to check account balance. But with the advent of new and user friendly technologies like debit card/ ATM, mobile and internet banking this method has become somewhat obsolete especially in urban areas and metros but rural and semi urban areas still see a vast usage of this method.

ATM/Debit card: Automated Teller Machines (ATM) or debit cards have made banking services much easier and easily accessible for people. People are now saved from the hassles of going to bank branches and standing for long hours in the queue to get their passbook updated and avail other banking facilities like cash withdrawal and many more.

With ATM facility, a person can check his account balance by entering his card in an ATM machine, typing his secret four digit PIN and clicking on balance enquiry.


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1. home loans
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