Turn savings into adventure: Fund your dream vacation in India

Turning your dream vacation to reality starts with smart financial planning. Whether you’re looking to explore the serene backwaters of Kerala or the royal palaces of Rajasthan, having a dedicated Savings Account for a dream vacation can make all the difference.

Why use a Savings Account for a dream vacation?

1. Security and accessibility: A Savings Account ensures your money is safe, while providing easy access to funds whenever you need them.

2. Interest earnings: Unlike a Current Account, a Savings Account earns interest, helping your money grow over time.

3. Disciplined savings: By allocating funds specifically for your vacation, you are less likely to dip into them for other expenses.

Choosing the right Savings Account

• Interest rates: Compare bank interest rates on Saving Accounts to find the best bank account. Higher interest rates translate to more money in your pocket.
• Minimum balance requirements: Ensure the minimum balance requirements (if any) are taken care of to avoid penalties.
• Lounge access: Some Savings Accounts offer exclusive airport lounge access through Debit Cards, ensuring a comfortable and relaxing travel experience. Check if your bank offers this feature with a Savings Account.
• Travel Insurance: Many Savings Accounts include bundled Travel Insurance, covering trip cancellations, medical emergencies and lost baggage. Once again, verify whether the bank you want to open a Savings Account in, includes insurance benefits.
• Reward points and cashback: Earn rewards and cashback on transactions made with your Savings Account Debit Card, hence adding extra funds to your vacation budget.

Maximise your savings

1. Set a budget: Determine how much money you need for your vacation, including travel, accommodation, food and activities. Break this amount into manageable monthly savings targets.

2. Automate your savings: Set up automatic transfers from your Salary Account to your Savings Account for a dream vacation. This ensures consistent savings without manual intervention.

3. Maintain high balance: Maintain a high balance in your Savings Account to earn higher returns.

4. Use windfalls wisely: Any bonuses, tax refunds or unexpected windfalls should be deposited into your vacation Savings Account.

Also Read: Types of Savings Accounts: Know them all

Wrapping up

A Savings Account for a dream vacation in India offers multiple benefits that go beyond just accumulating funds. From streamlined transfers and convenient Debit Card access to exclusive perks like airport lounge access and Travel Insurance, these accounts are designed to enhance your overall travel experience.

Axis Bank's Prestige Digital Savings Account and Priority Digital Savings Account provide additional travel-focused benefits that can significantly improve your vacation. Both accounts offer complimentary Instant E-Debit and Virtual Debit Cards with 1% cashback on online spends. The Prestige Debit Card even extends cashback across fuel, travel and shopping.

With video-based full KYC account opening in just 60 minutes, no paperwork and annual benefits worth ₹25,000, these Savings Accounts are tailored to support your travel goals. Start saving with Axis Bank and turn your dream vacation into a reality.

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.