Bangalore: Before you choose a particular bank for opening an account, you must acquire certain information about the bank. Being mindful about the bank’s various deposit schemes, location, reputation, interest rates and penalty charges would help you to choose the right bank for your money. Here are few things to consider before opening a bank account, as reported by Shipra Sharma of ET Bureau. After all choosing a bank according to your needs will give you both better returns and results.

1. Facilities on Offer

Banking is much more than depositing cheques and withdrawing cash. There are a big range of other services provided by the banks, such as locker for storing valuables, a demat account or investment services. If you often have to send your cheque to outstations, then try to enquire about whether your bank offers at-par cheque books. At-par cheques are treated as a local anywhere in the country.

Enquire about the other banks services too. For example, can you buy gold and mutual funds through your bank account? Will the bank provide an insurance adviser to guide you if you want to buy an insurance coverage plan for yourself? Will the bank offer you a free credit card as well as a card protection plan?