Advantages of saving:
- Extravagance of the family is minimized.
- Interest can be obtained from the accounts except current account.
- The future problems can easily be settled.
- One can get courage to invest in a business or trade.
- Money earned through hard labor will be safe from loss, theft or damage due to natural disaster.
- Higher education of the children can be ensured.
- The amount deposited in the bank will not only benefit the account holder but also the bank and the government.