123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

A Beginner’s Guide To Opening A Bank Account

Profile Picture
By Author: Arjit Chalmela
Total Articles: 25
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Unlike the traditional times, today, opening an account does not need you to visit the bank branch, fill up the paper form, pay the charges in cash, etc. You can create a banking account online without any hassle in a quick way. Most banks have started to offer easy savings account opening to their customers to suffice all their needs. They even provide savings banks such as zero deposits, customized accounts, instant savings accounts, and much more.
Best banks have a vast network of branches and ATMs all over the country, bringing convenience and comfort to their esteemed clients. Find a quick bank to offer various facilities like Netbanking, Mobile Banking, and Phone Banking. Many reputed banks also provide great deals and offer their customers who use a debit card for their savings account.
How to open an online bank account?
To open a savings bank account online, here are the things to know:

Open the website of your preferred bank
Enter your details, including your mobile number, etc.
... Submit your form.
Upload the documents online. Alternatively, some banks also send their executives to collect your documents at your address.
The bank will take some time to verify your documents and form.
Once they verify, you will get your new account details.

List of documents
The documents needed to open the bank account include:

Identity Proof such as driver’s license, passport, etc.
Address proof such as driver’s license, passport, etc.
PAN card
Form 16. However, this document is mainly needed if you do not have a PAN card.
Two latest passport-sized photographs

If you need any assistance in filling out the application form, you can call a bank executive to help you. Ensure care while filling out the fields, so there are no chances of a form rejection.
Type of savings account
There are choices in the kinds of the online bank account you open. Premium accounts offer superior facilities like lifestyle benefits, insurance cover, locker at preferential pricing, accessible Demat account, etc. A savings account may provide a high-interest rate, lifetime debit card, medical insurance, free personalised chequebook, bill payment service, unlimited cash withdrawals, etc. 
Some banks even offer a special savings account for women, senior citizens, kids, and youth with features like cash back, lower interest rates on loans, shopping offers, hospitalization cover, free education, special FD rates, etc.
If you are a business company, you can aim to get features like cash management services, easy payment gateway options, simple modes of cash disbursement, and so on.

Total Views: 82Word Count: 394See All articles From Author

Add Comment

Investing / Finance Articles

1. 6 Reasons You Need To Hire A Tax Accountant For Your Small Business
Author: Tax Return

2. The Pros And Cons Of Investing In Commodities Markets
Author: Sophia

3. Intraday Trading Strategies - Most Profitable Strategy In 2021
Author: David Smith

4. How To Start Gst Suvidha Center-a High Profitable Franchise Business In 2020
Author: Amit Sood

5. Form 2290 Online Filing For 2021
Author: chloe bennet

6. New York Attorney General Shuts Down Coinseed For Converting Customer Funds Into Dogecoin Without Consent
Author: Joyashree Dey

7. Apply For A Personal Loan Using Instaloan App
Author: Ankit Verma

8. Mortgage Debt Management Can Improve The Credit Score!

9. 9 Retirement Planning Tips For Young Adults
Author: Financial Planning

10. Managing Your Wealth The Right Way
Author: avendusgroup

11. Ethereum Price Prediction 2022
Author: jessica smith

12. Parameters To Compare Mutual Funds
Author: Quantum Mutual Fund

13. Gold Mutual Funds Vs. Gold Etfs: Where Do Investors Invest?
Author: Quantum Mutual Fund

14. Top 10 Altcoins Institutional Investors Are Focusing On
Author: Ashish - Financial Journalist

15. How To Make Money In Cryptocurrency?
Author: Olivia

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: