Banking on Finger Tips
In today’s rapidly changing world, many banks across India have adapted to the digital age by offering the convenience of account opening directly through your smartphone. As a result, you can now enjoy banking services right at your doorstep. Not only does this make banking more accessible, but it also allows you to save significantly through discounts and offers provided by various companies.
Prominent banks such as Kotak, Axis, IDFC First Bank, Jio Payments Bank, and NSDL Jiffy have embraced this trend and now provide the option to open accounts through their user-friendly mobile applications.
In addition, these banks facilitate the account opening process by incorporating Electronic Know Your Customer (e-KYC) methods, which simplify the verification of essential documents such as the Aadhaar card and Permanent Account Number (PAN) card.
After completing the video KYC and other necessary formalities, the bank verifies your details, ensuring a smooth transition to your new account.
Once the bank has verified your information, your account becomes ready for transactions, allowing you to enjoy the benefits without unnecessary delays.
Key features:
Some key characteristics of these modern digital accounts include the following:
– Zero Minimum Balance: Customers can maintain their accounts without worrying about a minimum balance requirement.
Alternatively, there may also be premium options available that require a higher minimum average balance.
– No-Cost Virtual Debit Card: Customers receive a virtual debit card at no extra charge, providing immediate access to their funds.
– Speedy Account Activation: The digital process allows for quick activation, so you can start using your account almost immediately.
– Earn Interest: These accounts typically offer interest on the deposited amount, helping your savings grow over time.
– Mobile Banking Available 24/7: With round-the-clock mobile banking access, you can manage your finances whenever it suits you.
Benefits:
Ultimately, the benefits of embracing digital transformation in banking are substantial. Not only do you enjoy zero minimum fees and a time-saving experience, but you also gain easy access to banking services from the comfort of your home.
Thus, it is clear that digital banking is reshaping the financial landscape, making it more convenient and efficient for everyone involved.
Below are the essential and crucial Steps to ensure
- For seamless process mentioned above the Customers must have a good Internet Connection for E-KYC.
Let us have a look at the available options for opening Digital Savings Account through mobile phones sitting comfortably at your home –
| S.NO | Bank | Product | Link |
| 1 | Kotak Mahindra Bank | Kotak 811 | |
| 2 | IDFC First Bank | Digital Savings Account | |
| 3 | NSDL Payments Bank | Jiffy | |
| 4 | Fino Payment Bank | FinoPay Savings Account | |
| 5 | Axis Bank | ASAP Digital Savings Account | |
| 6 | Airtel Payments Bank | Airtel Payments Bank Saving Account | |
| 7 | Jio Payments Bank | Jio Payment Bank Account Opening |