The best way to save money is to have a savings goal. A savings account has to be chosen wisely and a fixed amount every month must be deposited in that account. Setting up an emergency fund is necessary. Carefully considering the monthly expenditure is another aspect and setting up a budget for future from that is advisable. One should find smart ways in shopping like comparing between sites and be tech-savvy in using apps which offer attractive discounts time and again. A Flexible Spending Account(FAS) for emergency purposes is a way to save money before tax deduction. Finally,tracking the progress throughout in regular intervals will ensure better savings in the present day.Read more at: http://www.bankrate.com/banking/savings/10-saving-money-tips-for-2017-make-it-the-year-you-finally-get-serious-about-saving/

Savings account with online banks are useful for people who do not need a banking service frequently. The key benefits of an online bank are: i) It offers higher rates of interest than traditional banks because of its lower maintenance and running costs, ii) It takes lower fees for a service, for example discounting overdraft fees partially or even fully and also issuing free debit cards and allowing free online  payment of bills, iii) An online bank takes substantial time to transfer money to another bank's account. This is a blessing in disguise as savings accounts are meant for saving and online banks provide the incentive to save more and spend less. Online banks for these purposes are becoming extremely popular these days. Read more at:  http://www.savingsaccounts.com/articles/advantages-to-banking-online

State Bank of India (SBI), the largest public bank of India, has raised its Monthly Average Balance (MAB) from 500 to 5000,3000,2000,1000 in metros, urban, semi-urban and rural areas respectively. ATM transactions will be charged at 25 per transaction for savings accounts. Moreover, there are charges for transactions through bank correspondents and IMPS transfers. Locker rents too have risen and check books will be levied at 3 per leaflet after 50 checks in a financial year. An enrollment fee will be charged for new savings account and SMS charges of 15 per quarter will be applicable as before. As a whole,SBI customers have to bear a little extra burden in this year effective from June 1,2017. Read more at: https://blog.bankbazaar.com/must-know-sbi-new-rules-effective-from-1st-april-2017/