Here is how you can open a savings bank account using a digital banking app

 

 

Banking has become easier with the advent of digital banking apps. One can open a savings bank account, transfer or pay money to their beneficiaries, and do much more using such an app. One can search a phrase like “zero balance account opening” on Google to understand the procedure to open a savings account using a mobile banking app. Not only does banking become easy through such apps but also more secure, smoother, and fast. In this blog, we will discuss the process to open a savings bank account.

 


  1. Download the authentic bank account opening app from the official repository

Download the mobile banking app of a bank from the download link posted on its official website, or from an OS app store but only after verifying the authenticity of the app developer. Do not forget to check that you download the latest version of the app.

 

  1. Complete a questionnaire to find the most suitable savings account

Once you open the app, you will be asked to select options for 3 fields:

a.       The average monthly balance you would keep in your savings account.

b.      The type of user you are (based on your age and your gender).

c.       The savings account programmes to choose from.

Select an option from the drop-down list of every field. After that, you will be asked to select a savings account type from the ones offered by the bank.

 

  1. Complete the e-KYC procedure

Keep your ADHAAR card and PAN card handy. Fill the e-KYC form on the bank account opening app. You will be guided throughout the process by prompts. Upload the digital photos of the required documents like the ADHAAR card, and PAN card and submit your application. Remember that while registering your mobile number, use the one linked to your ADHAAR card.



  1. Attend a video-call session with a bank employee

Finally, you will have to attend a video-calling session with a bank employee. Use a 4G network or a strong and fast Wi-Fi service to attend the video call. Once the bank employee verifies that you are the same person who applied for a savings account, your savings account will come one step closer to becoming operational.

 

  1. Receive a welcome kit

After a few days, you will receive a welcome kit from the bank. In that kit, you will get a cheque book, a Debit card, some brochures, and sealed chits containing PINs to access your debit card, internet banking, and other facilities.

 

  1. Put signature on photocopies of the documents submitted

Finally, the bank will send one of its employees to your house to get your signature on the physical photocopies of the documents you uploaded while applying for a savings account. Comply with them, and enjoy the banking services through the bank account opening app.

 

So, this is the procedure to follow to open a savings account using a bank account opening app. Have a nice day!

 

 

 

 

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