In this digital age, the most popular phrases are speed and convenience. Gone are the days of waiting in long queues to open a Savings Account. Thanks to technological innovations, you can now easily open a Digital Savings Account from anywhere.
You can open a Bank Account online to manage your savings and conduct various banking transactions digitally, without the need for physical branch visits. It is a modern approach to traditional Savings Accounts, leveraging the power of the Internet and technology to provide seamless and efficient banking services.
Guide to digital account opening
Customers can now open a Digital Account without physical documents or physical verification. Here is a guide to follow:
- Visit the bank portal
Visit the bank platform to access the bank’s digital services and manage your needs. They are operational 24/7, ensuring no waiting periods or glitches.
- Initiate account opening
Here, select the New Account Open option. You are redirected to a page where you must select the account type. Some Savings Accounts require a minimum deposit amount to remain functional. Check the terms and conditions, Savings Account interest rates, non-maintenance of minimum account balance penalties, and other charges.
- Provide Aadhaar and PAN Card details
As part of the application process, the bank will require you to enter your Aadhaar and PAN Card details for verification. You can also upload other necessary documents as requested on the portal or app.
- Verify Aadhaar OTP
Upon entering your Aadhaar details, you receive a One-Time Password on the mobile number linked to it.
- Enter relevant details
This step of online Bank Account opening requires the customer to enter additional information, such as their details and contact information. You might also need a recent photograph, which needs to be scanned and uploaded for reference. Next, select your home branch.
- Schedule video call
To proceed with the Video KYC process, schedule a slot for a video call with the bank’s staff to confirm your identity and visual documentation.
- Complete Video KYC
At the appointed time, log on to the bank’s portal or app on your PC or smartphone and use the Resume feature to continue the account opening process. During the video call, you will interact with the bank’s representative, who will guide you through the Video KYC process and capture your photograph.
You will then be asked to show your identification documents, such as your Aadhaar and PAN Card, to confirm whether they match the provided details for verification purposes. Once the Video KYC process is complete, the bank opens the Savings Account for you.
