A savings bank account is among the most popular bank accounts where individuals can make investments, and it can be very useful for different purposes.
Many people get into the habit of saving money once they open a savings account. The fund can later be used for emergencies or any short-term needs. You can also automate bill payments by linking them with your savings account and save yourself from the tedious task every month.
The best thing about a savings bank account is its opening procedure. It takes no more than 5 minutes, and almost all banks have a similar process.
That’s not all: you can now open a savings bank account online from the comfort of your home and transfer funds any time you want.
Follow this simple five-step procedure to open a savings bank account online in no time.
Step 1: Choose The Bank and Head To Their Website
The very first step, and probably the most time-consuming one, is to decide which bank you want to opt for to open a savings bank account. Make sure to do your research before finalising your decision.
Next, open the bank’s official website using your desktop, smartphone, or any other device. Many banks, like RBL Bank, offer the option to open a savings bank account displayed on the landing page so that it’s easier to find.
Tap on that option when you see it to view the different kinds of savings bank accounts you can open with the bank.
Step 2: Have All the Necessary Documents Ready As You Proceed Further
Now that you’re done with the first step, it’s time to gather all the KYC documents and other documents to begin the savings account opening procedure.
Here are all the documents you will be asked to provide:
· Aadhar Card / Passport / Driver’s License for your identity and address proof
· PAN Card
· If you don’t have a PAN card, you can also submit Form 16 provided by your employer if you are a working professional. This is needed to ensure that TDS (Tax Deducted at Source) is deducted from salary.
· Two recent passport-sized photos of yourself
Step 3: Complete the KYC Procedure
Once you submit all the documents as requested, the bank will soon get in touch with you to complete the KYC procedure.
Usually, one has to visit the bank to complete this procedure, but many banks have now introduced a VKYC account which allows applicants to complete the entire process through contactless audio-visual interaction.
All you have to do to avail yourself of this benefit is provide the bank with access to your current location, microphone, and camera on the device you are using, and you’re good to go.
Step 4: Explore Your New Savings Bank Account and Access Other Bank Services
After you’re done with the VKYC, you are set to use your savings account and check out all the other services your bank offers. Make sure to make an initial deposit into your new savings bank account, depending on the requirement.
You can skip this process if you open a zero-balance savings account.
You will further receive your bank details and debit card from the bank at your address within 10–25 days.
Step 5: Start Making Transactions by Logging in via MobileBanking or NetBanking
You can start making transactions using your new savings bank account after you have received the bank details and debit card. Along with those, you will also receive a customer ID to help you in the login process.
Enter your bank account number and customer ID during the registration process, create a password to open a MobileBanking or NetBanking account online, and make the most of your savings bank account.
Get steady interest and enable instant payment online by linking your debit card to UPI or e-wallet services.
By opening your savings account with RBL Bank, you can avail yourself of many benefits and experience top-notch customer service online. Their highly convenient and safe digital services are commendable, and the account opening process is very straightforward.
Apart from that, RBL Bank offers nine types of savings bank accounts for their customers to meet all their expectations.
Keep your money safe, inculcate financial discipline, and make everyday transactions seamless by opening a savings bank account online today.