Suppose you are looking for an Indian bank account opening that can also work online. In that case, a savings account can be a good opportunity. A savings account is a fundamental financial product for the public, allowing them to deposit or take out their money anytime. They can even earn money while depositing at some savings account interest rate.
As the name advocates, the foremost function of a account is to save the hard earned money of the public. These accounts are outlined to meet the banking requirements of people from all spheres. The best part is that it can just take you 10 minutes for this Indian bank account opening.
Steps to Open A Savings Bank Account Online
Here are the steps that you need to follow to open a savings bank account online:
Step 1: Visit the bank website or download the app.
Open an Indian bank account opening form by visiting the desired bank’s website. You will perceive a QR (Quick Response) code on opening some bank websites. The QR code redirects you to that bank’s mobile application. You can also download their mobile banking app on your internet-enabled smartphone.
You can also read more about the various Accounts on their website or mobile app.
Step 2: Fill out the online savings account opening form.
An online Indian bank account opening process is initiated with the help of your mobile number, some necessary documents, and by filling out a form. You only have to open the preliminary savings account form from the bank website and fill in all the specifics. Your online account is ready to use.
Opening a savings account can be done conveniently via the online portal of the desired bank. In this way, you do not have to visit the bank physically.
Step 3: Upload your required documents’ copies.
Some documents are necessary to submit while opening a savings account in any bank. These are
- PAN Card. If you do not have a PAN Card, you must fill out Form 16.
- One ID proof document. It can be your Aadhaar Card, Driving Licence, Passport, Voter ID card, or any other document that proves your ID.
- One Address verification document. It can be either Aadhaar Card, Driving Licence, Passport, Rental Agreement, Voter ID Card, or any other residential proof.
- A replica of your digital signature.
- Two latest passport-size photographs.
Whether you use Net banking or mobile banking, you must submit all these documents to open a account.
Step 4: Complete the digital KYC process.
After the above steps, the bank uses a video call on your mobile number to verify your documents. A representative of the related bank will call you to complete the online video e-KYC process. You must permit your location, camera, and smartphone microphone to complete this step.
Step 5: Explore your account via Net banking or Mobile banking.
After accomplishing the e-KYC process, the bank begins your Indian bank account opening process. Nowadays, opening an online savings account can be done almost instantly. After finishing all these steps, you will receive your account number and other details by your email address.
Once you receive the customer ID and account number, you can log in to your online savings account, start using your account, and transfer funds. You need to deposit the essential minimum monthly balances. The bank also forwards your free cheque book and an ATM-cum-debit card within a few days at your registered address.
Not To Forget…
These days, banks provide many offers and digital services to their customers. With the help of an online savings account, you can enjoy cardless cash withdrawals and many other benefits. As an online savings account holder, you can get access to exclusive brands across lifestyle, travel, utilities, dining, etc.