Overview of savings accounts.
A savings account is the most basic account that you can create for an individual. You can easily and quickly create savings accounts for your customers using our Create Savings Account API.
All savings accounts have an account number and IFSC. After the account is activated, you can allow the account holder to perform the following actions using our APIs.
- Add a bank account beneficiary.
- Add a VPA beneficiary.
- Transfer money to the beneficiary.
- Check account balance.
- Get account statement.
The account holder can visit the bank to deposit money into the account and withdraw money from the account as per their needs.