Searching for an easy and trusted personal finance management tool? If yes, then the Goal Savings by Global IME Bank is one of the best ways to start saving your regular income for the future at the market-best interest rate. Global IME Goal Savings RD is one of the financial management tools offered by the bank to establish discipline for their regular income, whether it’s salary or income from any other sources, for the future.
Like Goal Saver by Siddhartha Bank, this Global IME Recurring Deposit tool is similar in every aspect. Like Siddhartha Goal Savings, this financial management tool features a more advanced option: the Roundup Savings feature. So, let’s go into detail and outline the process to start SIP in Goal Savings by Global IME RD.
Global IME Goal Savings for Personal Finance Management
Global IME Bank Goal Savings is one of the premium personal finance management tools that can be accessed directly from Global Smart Plus (Mobile Banking App). In the Personal Finance Management section, one can easily start saving under this scheme. Based on the personal requirements, here, we can find many options for taking control and contributing to this scheme as per personal needs and income patterns.
With features like Goal Customization, Progress Tracking, and Automated Savings, you have a lot of flexibility to customize the goal to your requirements. You also have the flexibility to set the expected or total future value contribution amount as per your requirements. So, with all these, the eager saver and the smart saver will get a fully managed savings experience with one of the top commercial banks.
Why Goal Savings by Global IME? Key Features of RD
The Goal Savings feature helps individuals prioritize savings to achieve their personal goals with a competitive interest rate. It allows users to set a custom financial target and save accordingly, with a fully modern concept.
Flexible Goal Amounts: This Goal Savings allows users to set a goal amount between Rs 50,000 and Rs 5,00,000. So, based on your future savings target, you can set an affordable amount that meets your needs.
Easy Tenure Options: Based on contribution frequency, users can set the savings tenure from 6 months to 2 years. So, this Global IME Goal Savings targets both short-term and long-term savers with a modern personal finance management concept.
Automate Savings: You can set an automatic deduction of money from your primary accounts at a monthly frequency. So, you don’t need to worry about missing the monthly manual transfer of money from your savings account.
Competitive Rate on RD: This Global IME Goal Savings RD offers the best and most competitive interest rate in the market. This scheme provides higher interest rates than regular savings, offering higher returns than other schemes.
Round Up Savings: If you were the users of OrangeNXT, then you must know that there were features of Goal Savings named FlexiPot, where you have a different option of savings called Save as you Pay. This Round Up Sthegs feature automatically saves a preset portion of the amount. The amount-round-up saving features: nearest two, flat amount, and percentage. Customers can activate this roundup facility as needed.
Easy Progress Tracking: From the Global Smart Plus app, one can easily view goal progress and track statements in real time. Also, users can easily break the goal if required, without visiting the bank.
How to Start Global IME Goal Savings
To start Goal-Based Savings, you can easily proceed from the Mobile Banking of Global IME Bank, Global Smart Plus. Here are the practical steps for you.
- Log in to Global Smart Plus and then go to the Hub section and find Personal Finance Management.
- From there, tap on Goal Savings,
- Choose the required goal name from there. Here, you can select any goal as needed. Choosing the unmatched goal doesn’t affect the rates and any other features. Here I am choosing the goal as Personal Development,
- Set the desired goal amount. You can set the desired or targeted goal amount between Rs 50,000 and Rs 5,00,000.
- After setting the goal, scroll down to check the summary of your Goal Savings. Here you will see the monthly payment, Interest rate, Maturity date, total interest, and expected interest rate.
- Tap on Continue after reviewing the goal.
- Confirm the goal savings and whether Contribute Automatically is checked (toggle on/off). Toggle on for automatic deduction of money every month from your account, and vice versa.
- Configure Add Round Up Savings, tap Change Factor to save extra while making QR Payment (Save as your Pay), and tap Skip if you don’t need it. Here, I am choosing the round-up-round-up savings feature. So, I tap on Change Factor. But if you choose Skip, a pop-up appears to review the goal with Let’s Review!So, review the goal and confirm. That’s it. butbut for round-upround-upround-up savings,,, please continue.
- Now choose the rounding factor: Nearest to, Flat Amount, or Percentage.
- Set the required contribution and continue.
- Confirm the Goal and enter your MPIN or Biometric for transaction authentication.
- That’s all.
Frequently Asked Questions
How is Goal Savings different from normal RD and Savings?
Unlike regular savings accounts and RDs, this goal-based savings account is fully target-oriented, with automatic savings, round-up savings, and specific goal features.
Can I withdraw funds before maturity?
Yes, one can easily cancel the RD before maturity, but conditions may apply under the bank’s internal policy. So, please get in touch with the bank.
What if I missed my monthly payment?
At first, if you set Contribute automatically, then you don’t need to worry about missing the due date. But if you missed it due to insufficient balance, you can pay it manually later.
That’s all about Global IME Goal Savings RD. Using this Goal Savings Recurring Deposit, you can start saving with a market-competitive interest rate. Also, you can check the Goal Saver by Siddhartha Bank, which offers similar savings features.
Disclaimer: RD is part of Savings, which are risk-free and unlike the Financial Market. It’s a review and tutorial of the RD Schemes offered by Global IME Bank.
