A beginner’s guide to planning savings & investments with your bank

We all have saved our money in piggy banks as kids, saving our pocket money. But when it comes to starting your financial journey as a grown up, it can feel overwhelming. It doesn’t have to be. Even small steps taken consistently can lead to meaningful financial growth over time. There are a variety of tools and products that make it easy for first-time savers to start, grow and manage their money.

1. Start with a savings account

A basic savings account is the cornerstone of any financial plan. It allows you to deposit money safely, earn interest and build a habit of saving regularly. Choose an account that has low minimum balance requirements and provides easy digital access. Track your deposits and withdrawals carefully, as this helps you understand spending habits and identify opportunities to save more.

2. Explore recurring deposits (RDs)

Recurring deposits are ideal for beginners who want a disciplined approach. By setting aside a fixed amount every month, you not only save consistently but also benefit from compounding interest over time. For example, even depositing a small amount like ₹2,000 monthly can grow significantly in a year or two, and instills financial discipline. Many banks, including KVB, make RDs easy to set up and track digitally.

3. Explore beginner-friendly investment options

Once you’re comfortable with basic savings, consider safe investment avenues like bank-linked mutual funds, government schemes or fixed deposits. Start small, choose options with low risk and gradually increase your investment as you gain confidence.

4. Set goals and track progress

Define your short-term, mid-term and long-term goals. Whether it’s buying a gadget, funding travel or saving for education. Having clear targets keeps you motivated. Use your bank’s digital dashboards, alerts and tracking tools to monitor progress, make adjustments and celebrate milestones along the way.

5. Leverage guidance and resources

Banks often provide more than just products, they can guide you through financial planning. First-time savers can benefit from expert tips, online calculators and advisory services to make informed decisions without feeling overwhelmed.

Pro tip:

Start small, stay consistent and automate wherever possible. Regular deposits, goal-based investments and periodic reviews create strong financial habits. Even modest savings, when combined with guidance and smart planning, can grow into a secure and confident financial future.

10 November 2025

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