Quick and Easy Steps to Open Savings Account Online

When beginning a banking journey, the most common type of Bank Account to choose is a Savings Account. The goal of this account is to instil the habit of saving a part of one's income. You can apply online to open a Savings Account with any bank and take advantage of the numerous functionalities and exclusive deals that come with the various variants.

The procedure to open Saving Account online is simple, and you can accomplish it in just a few steps.

Step 1: Have a decent data connection

You can start the process with just your mobile number, documents, and a form. All this gets done conveniently through our online portal, saving you from visiting the bank physically.

Step 2: Keep the documents handy

For online account opening, provide certain documents, regardless of your method. They are as follows:

• Aadhaar: If you have Aadhaar, that suffices as ID and address proofs.
• Identity proofs like Voter's ID, driving license, passport, PAN card.
• Address proofs such as Ration Card, utility bills, driving license, insurance papers.
• Form 16, on the other hand, is a certificate issued by the applicant's employer stating that TDS got deducted from your pay. If the applicant does not hold the PAN card, this is a must.
• Two passport-sized photos.

Step 3: Opt for video KYC

Now, submit your KYC documents online and verify yourself! It gets done via video call with a bank representative. Grant access to your smartphone's location, camera, and microphone.

Step 4: Explore options

What if you do not want to wait for your Debit Card and Bank Account information to arrive? How does online account opening happen if it cannot verify your documents and data? If you have already confirmed and completed step 3, the Debit Card arrives with the welcome kit within 15 to 25 days. Otherwise, go to the nearest branch for KYC and physically verify yourself.

Step 5: Access Net or Mobile Banking

Now, transfer funds and use your account to get your customer ID and account number. Begin by logging in to your Net and Mobile Banking and setting up a password. The set-up process starts with the password you receive for Internet Banking with the welcome kit.