Opening a bank account online becomes easier in 2021. Most banks provide the facility to open a bank account online. Open a bank account in SBI, Open a bank account in Paytm now become easy.
How to open bank account online?
You don’t have any physical documents for your identity. If you will go to the bank then you must need to feel an application form, some physical document, some money and also passport size photos. After submitting,
the bank’s person manually verifies all that. But you don’t need any type of physical document to do so. All verification will proceed digitally by Aadhaar. Here you have to fill an online form and submit it. After submission, your bank asks Aadhaar for your identification. Aadhaar sends you a one time password(OTP) to your registered mobile number and asks you to enter them. After doing all this, your account will be opened.
Open a bank account documents needed?
In this digital process, there is no requirement for any type of physical documents. Your account will be open with zero balance. The required documents for an open bank account online is Aadhaar Number and PAN Card number.
Where can you open a bank account Online?
There are lots of sources to open a savings bank account. Here, you can open with Paytm payments bank, Airtel payments bank, Yono SBI, ABPB etc. I recommend you to use SBI or Paytm.
Open a bank account in Paytm Payment Bank
Step 1. Download the Paytm app and sign in or create an account.
Step 2. Go to Bank Section and click on apply for saving bank account or Full KYC.
Step 3. Fell all necessary information.
Step 4. Find the nearest KYC Point via the Paytm app.
Step 5. Go to Paytm KYC point and provide them with your Mobile Number, Aadhar Number and biometric.
All Done. Your Paytm Saving Account will open within some time. Sometimes it takes up to 1 week. After the account is opened, you will be given an account number that will same as your mobile number, IFSC and a virtual RuPay Debit Card number for online use.
Open a bank account in Airtel Payment Bank
Step 1. Download and install the My Airtel app from the Play Store.
Step 2. Create an account or sign in if you have already.
Step 3. Go to Airtel Money Section and update your profile.
Step 4. Go to the nearest Airtel store and ask them for a savings account.
Step 5. Provide them with your Aadhaar Card number and biometric.
All done. Your account will be opened shortly. You will be provided with a virtual debit card, free savings bank account all like Paytm. Airtel’s saving bank account interest rate is higher than Paytm saving bank account. But here you can’t apply for a physical debit card.
How to Open Bank Account in SBI
In SBI, you don’t need to visit a branch or anywhere the open a bank account in SBI. All processes will proceed online. It’s mean you don’t need to give your biometrics and your bank account will be opened in very little time. Here you will get a free physical RuPay debit card which will be used to withdraw and deposits money through ATM.
Note: You need to visit SBI branch for biometric KYC these days.
So, here is the step to open a savings bank account in Yono by SBI.
Step 1. Download and install YONO by SBI app from Google Play Store.
Step 2. Click on ‘I am new to SBI.
Step 3. Select ‘Insta Saving Account’ and click on APPLY NOW.
Step 4. Provide your Email & Mobile Number and submit.
Step 5. Fill in all the necessary information.
Step 6. After filling in everything, your account will be opened shortly.
After opening an instant savings bank account, your RuPay debit card will be sent through the post.
Frequently Asked Questions (FAQs)
Yes. You can open a bank account with zero balance.
Yes. You can open a bank account for free of cost. Bank will charge you for opening a bank account.
You need Aadhaar Card and PAN card to open a bank account online.
You can apply for an open bank account instantly with Axis ASAP but it may take some time to verify your documents and open a bank account.
Download Axix ASAP mobile app to open a bank account in Axis Bank online. This is an online-based process. You just need to give a biometric within 1 year from and nearest Axis bank branch.
No. You can not open a bank account without a PAN card from home.
Yes. The most bank provides this facility.