Quick steps to open a savings account online

Do you remember when opening a savings account required making a physical visit to the bank, drawing a number, and standing in less than-comfortable seating for an interminable period of time? Today, anyone can open a savings account from their home by just typing a few keystrokes on a computer or smartphone. With the advent of digital technology, routine tasks such as opening a new savings account have become very quick and easy. Discover how to open a savings account online by following these easy steps.

1.  Choose your bank 

The first step is to evaluate and choose a bank that meets your needs. Look for banks that offer good interest rates, minimal and transparent fees, and robust digital banking services.

IDFC FIRST Bank is one of the leading banks offering feature-rich savings accounts with attractive interest rates of up to 7%. The account opening process is fully digital, allowing you to open an account in minutes with just your Aadhaar card and PAN.

2.  Gather the required documents

Before you begin the process of opening a savings account online, you will need certain documents. IDFC FIRST Bank has a paperless process where you just need your Aadhaar number, PAN number and Mobile number linked to your Aadhar to open an account digitally.

3. Account opening process

The account opening process is quick and simple with most banks today. Here are the steps to open a savings account online:

a. Go to the bank's website and click on "Open Savings Account" or a similar link

b. IDFC FIRST Bank allows you to open an account completely online through their website

c. Fill out the online application form providing your personal details, KYC details, contact information, etc.

d. Select the type of savings account you want to open (Choose one that suits your needs and offers maximum benefits) and submit the application.

The account will be opened within a few minutes. You will receive confirmation via Email, WhatsApp and SMS. Additionally, you will receive a physical welcome kit, including a chequebook and a debit card, in a few days.

4.  Activation and usage

Once your savings account is opened, download the Mobile banking app using the login credentials and start using the account seamlessly.

Banks like IDFC FIRST Bank offer robust digital banking services so you can manage your savings account, track expenses, pay bills, and carry out most banking transactions online without visiting a branch. Opening an account digitally is the first step towards enjoying the convenience of online banking. 

Open a savings account online today!

Savings accounts from IDFC FIRST Bank offer feature-rich, rewarding, and completely digital experiences. If you are looking to open your first savings account or want to bank digitally, apply online with IDFC FIRST Bank today. This is the future of smart, convenient banking that empowers you to save more and bank more efficiently.

Disclaimer: No Asian Age journalist was involved in creating this content. The group also takes no responsibility for this content.