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A bank account is necessary to carry out financial transactions. After the digital revolution in the banking sector, holding a bank account in the bank has become even more crucial. In addition, the bank account opening process is much easier with several online and offline active channels. While you can sign up for a bank account offline by visiting the bank in person, most individuals prefer to open a new bank account online.
How to sign up for a new bank account online?
Technology has evolved the financial sector to our favour and opening a bank account online has never been this easy. You can conveniently sign up for a bank account in merely a few minutes without visiting the bank. However, if you find difficulty in the online mode, visit the nearest bank branch in person to open your new account.
You can either use the mobile banking app of your preferred bank or visit their official portal to open a bank account online. Regardless of the option, the steps to open the account remain identical. Listed below are the steps you need to complete to open a bank account online:
- Filling in the application form
The first step in the digital account opening process is to fill out the application form. To access the application form, you need to log on to the official website of your preferred bank (or open the banking app). Navigate to the savings account section and click on the option to sign up for a new account. The online application form will appear on your screen, and you need to proceed with filling out your details like your name, mobile number, and other contact details.
- Furnishing the details
In the second step, you need to submit the identity documents ready. Once you have filled out the application form, keep official documents handy. Subsequently, upload the soft copies of the documents and submit them on the bank’s website.
- Completing the verification process
The third and last step in signing up for an account online is finishing the KYC process. The bank will verify the information through the submitted documents. The officials will verify your Aadhar card and PAN card. Once done, the bank will send the account credentials through registered email and other essentials such as debit/ATM cards to your address.
- Logging into your account
After receiving your account details, you can access and manage your account using the login credentials. Another thing you need to do in this step is to change the login password. It is necessary to change the password for security reasons.
If you are wondering which savings account to open, look for bank accounts offering the highest interest rates with financial features to suit your needs. Among the top savings accounts in India, the IDFC FIRST Bank savings account is the most preferred because it offers the industry’s best savings account interest rates and a completely paperless onboarding process for your convenience.
