A savings account is the basic kind of bank account that you must have. As the name suggests, the main aim of the savings account is to help you to save money. By using the savings account, you can easily deposit or withdraw your money at any time and earn the interest on the deposited money in your account.
In case when you need emergency funds for medical and personal emergencies, you can easily use your savings account to cover the short-term requirements.
It is very easy to open a savings account online, and the process will take only 10 minutes. In this article, we would like to tell you how to open a bank account named the savings account.
Get online
We suggest you earn the interest rate on your savings account by opening it. You can easily open your savings account online on your phone or laptop, along with a good internet connection. You can start the process by just entering your mobile number and documents and submitting the filled application form.
You can do this conveniently through the online banking portal. There is no need to visit the banks frequently related to the savings account opening.
Keep the required documentation ready.
You should submit some important documents online to open your savings account. The required documents are the PAN card, Aadhaar card, address proof, identity proof, and two passport-size photographs.
Get better banking with the video KYC
You can easily verify yourself online by submitting the KYC documents. It can be possible by making a video call with any bank representative online.
In this, you only have to give access to your camera, location, and microphone. In this, you can all set for your savings account opening online.
Explore the savings account to access the banking services
What happens if you do not have enough time to wait for the debit card and account information to arrive at your address? What happens if the bank can not issue your account because of a problem in the verification of the document and information?
If your information is verified already and you complete the previous step, the debit card will arrive within 15-20 days at your given address. If it still does not reach you, then it is suggested to head to the nearest bank branch and verify yourself physically.
Log in via net banking to begin transacting.
Once you get your account number and the customer ID, you can begin using your savings account to make the transactions. It is suggested to start the transactions by logging in through net banking and generating the password.
After creating the savings account successfully, you can also get the customer experience of digital services from the banks.
Conclusion
In this article, you will get the complete details on how to open a savings account online. Hope you understand the way to open a savings account. If you have any doubts about understanding the process, then feel free to ask us in the comments section.