Planning to open a new bank account online, here are a few steps that you need to follow

Opening a bank account is very easy and is usually done quickly. As many banks are now providing their customers with the facility to open a new account online on their own through the bank’s website and it’s the same even when it comes to doing it from the bank’s official app. It will be done quickly and there are a few steps that you need to follow.

Read on to find out more: 

1. Choosing the bank 

First’s things first, you need to choose a bank where you want to have your account opened. Check thoroughly for the various services the bank is providing before you begin with the procedure. It is always a good idea to compare banks and then choose a bank that will suit you the best. All banks have their online presence, so you choose a bank that will provide you with the facility to open new account online directly. 

2. Install the bank’s official app

Once you have decided which bank you want to open your account in, the next step is to install the official and verified app by the bank as there are a lot of other bank apps on Playstore and App store that are fraudulent. To identify the official bank app, you can read the description and the review of the app before downloading it. 

3. Enter the required information

Once you have installed the bank app, click on the section to open a new account online where you will be asked to enter your information such as full name, contact details, email id, address, etc. The details that you will mention there need to be correct as it will be then saved in the bank’s records. It is advised to read the information filled in again before submitting the form online.

4. Submitting a soft copy of all your documents

You will also be required to submit a soft copy of all your documents. The bank will ask you to submit your identity and address proof. It is mandatory to submit your PAN card or ‘Form 16A’; which is a document from your employer stating that TDS is deducted from your salary. 

5. Video-based KYC

The next step to open a new account online is to submit your KYC documents and after that, you will be connected with a customer executive that will ask you for other related details. For this you need to make sure that your front camera is working properly, the app would then ask you to give access to use your camera, location and microphone. 

Once when all the above-mentioned steps are been done properly, you will receive a text message and a mail that the account is been opened successfully. After a few days, you will also receive a bank kit that will include your debit card, PIN, passbook, cheque book, etc.

We hope that this article has proven to be an informative read and how easily you can open a new bank account online. 

Thank you and Happy Banking!