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Open A Bank Account With A Click

IndianMoney.com Research Team | Posted On Wednesday, August 22,2018, 01:36 PM

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Open A Bank Account With A Click

 

 

 

You can open a savings bank account in minutes with your Smartphone. It’s really easy. You don’t have to stand in a queue at banks. The tech-savvy younger generation is uneasy. They do not rest. Banks are catering to this class of customers by offering facilities to open SB Accounts through banking apps. You can open an SB Account from the comfort of home.

What’s great about opening an SB account online? You can open a savings bank account in just 5 minutes. The entire process is paperless. But, there’s a problem. An account opened digitally has limitations and a full KYC is necessary.

Want to know more on SB Accounts? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

 

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Open A Bank Account With A Click

You can open a savings bank account online, if you have the Aadhaar and PAN Card. There is no need to furnish any physical documents. The only problem is the KYC. You may have to visit the bank branch for e-KYC verification. This is a biometric authentication and an update of your signature.

See Also: What is a savings bank account?

How to open a SB Account online?

  • You visit the Google Play Store on your smartphone.
  • Download and install the mobile banking app on your smartphone.
  • You have to register using Aadhaar, PAN and fill in the relevant personal details.
  • You then set up a mobile banking PIN.
  • You can start using the bank account immediately.

 

Most digital banking accounts do not have minimum balance requirements. Simple…You do not need to maintain a minimum balance in a digital savings account, which means 0 minimum balance charges….

How to open SBI Account Online?

You will have to visit the website www.sbi.co.in.

  • You have to first click on the Personal Banking Section.
  • You then visit the “Deposit Schemes” under the Personal Banking Section.
  • You then search for the “Savings Bank Account” option under Deposit Schemes.
  • You then click on “Applying now online” and read all the instructions, benefits and the necessary rules and regulations.
  • You then fill up all mandatory details in the online application form.
  • The bank will generate TCRN (Temporary Customer Reference Number) and the TCRN will be sent to your registered mobile number.

 

You must visit the bank branch within 30 days to complete the KYC. You must carry at least 3 photos and a copy of the PAN and Aadhaar to complete e-KYC. (e-KYC is biometric authentication and signature update).

Open an online bank account and stay connected with your account 24*7 through your mobile.

What is a virtual debit card?

Many online savings bank accounts come with the virtual debit card. What is this virtual debit card? This is nothing but an electronic card, which works just like a normal debit card. It’s extremely safe and hassle free. 

Shop online with your virtual debit card and enjoy a hassle free experience. Shopping with a virtual debit card is extremely safe. You can transact online, without giving the primary card to the merchant. Shopping with a virtual debit card is no different from a regular plastic card.

Why virtual debit cards?

  • If you have internet banking with transaction rights, you can easily make payments.
  • A virtual card can be created for any amount in rupees (round figure).
  • You can use the virtual debit card at any merchant outlet which accepts debit and credit cards.

Which banks offer digital savings bank accounts?

You can open a digi savings account at Kotak 811 (Kotak Mahindra Bank), Axis ASAP Zero Balance Account (Axis Bank), Digisavings (DBS), Aasaan Account (Standard Chartered Bank), Basic Savings Bank Deposit Account (IndusInd Bank), Pratham Savings Account (IDFC Bank), Abacus Digital Savings Account (RBL Bank) and FedBook Selfie Zero Balance Account (Federal Bank) where you can open a digi savings account with a selfie.

See Also: Interest Rate On Savings Account

You earn anywhere between 3.5-6% a year on a digi savings account. You can shop online, scan and pay at stores, transact online, access the auto-sweep flexi FD, transfer money, pay utility bills, enjoy unlimited free ATM withdrawals and the e-Wallet feature, get multicity chequebooks and access to Government subsidies.


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