It's wedding season, and when someone mentions the word "wedding" in India, the big fat Indian wedding is frequently the first image that springs to mind. This paradigm has, however, undergone a dramatic shift recently. Closed-group weddings are all the rage on the internet and in people's hearts. They are becoming popular as they keep an emphasis on keeping the guest list to only immediate family and friends while also keeping a close eye on the cash account.

From big celebrities like Varun Dhawan to Gauhar Khan are opting for this new paradigm in Indian culture. weddings are about fresh chapters and old memories. Since they are also considered a big expense, Closed-group weddings are a good way to have a small budget-friendly ceremony which can be funded by the couple themselves. The best way to fund an Closed-group wedding by yourself is by starting a savings account before anything else. A savings account is the best way to save up or keep aside some money for a certain event, such as a Closed-group wedding in this case or even your honeymoon for that matter. Incidentally, Karnataka Bank has numerous options for a savings account with a lot of added benefits. One can open savings account online by just filling up a form on their website. Usually, savings accounts offer up to around 4.5% p.a depending on your bank balance. Now back to our goal of saving up for an Closed-group wedding, there are a lot of things to consider. The primary focus should be on defining the financial goal for the wedding. One has to consider numerous aspects such as the guestlist, decor, venue, food and all the other aspects which contribute to your special day. Next up, set a monthly goal and transfer that amount to your savings account every month.

Some more advantages of opening a savings account online include the following:

Convenient Cash Services:
This account makes it simple for account holders or other authorized individuals to manage their money in person by allowing cash deposits and withdrawals at branches.

Digital Banking:
The account offers free usage of online and mobile banking as well as specialized mobile apps, providing cutting-edge and practical methods to manage your money while on the travel.

Fund Transfer Options:
It makes it simple to transfer money securely between accounts by enabling rapid and effective fund transfers through RTGS, NEFT, and IMPS.

Visa/Rupay traditional Debit Cards
with EMV chip technology are available to eligible account holders, ensuring safe and practical transactions.

When you open a savings account online, you are insuring yourself in case of other costs as well. Even more so, when saving up for a big event like a wedding, it’s always better to have a little extra saved up than the predetermined amount you set aside, this emergency safety net can be created with a savings account. Usually, to cover potential shortfalls, it’s recommended to add another 20% as a buffer amount. Making a detailed budget with all potential expenses including budgeting for your vendors, venues, etc, which are essentials of a wedding will also be helpful when accounting.

Taking on too much debt is a common wedding planning mistake. You may stay within your budget and avoid the stress of post-wedding financial difficulties if you have well-maintained savings. By doing this, you'll start your married life with a sound financial base. Setting priorities and making wise financial decisions are the key. Check out Karnataka Bank and their numerous options for opening a savings account today and saving up for your beautiful day without a delay!