The time when you could see all of the savings and money hidden away in their house or vault is long gone. Having a bank account has become essential in every person’s life because the majority of transactions now takes place and are handled digitally. Today you can witness no longer do queues, do paperwork, or visit banks! Because with the help of the internet, people open their Free Online Bank Accounts at home. If you want to open an online bank account, continue reading the post:
Choose your banking partner.
When opening a Free Online Bank Account, the first thing to check is choosing your banking partner. You must make sure to take into account a few things when shortlisting their institutions. If you want to maximize the interest on your account balance, consider opening a savings account. Also, keep an eye out for institutions that have higher interest rates so you may make more money. Furthermore, remember to check their minimum balance requirement in their given instructions. This way, you will ensure to maintain the required balance amount regularly.
Access to website or app
Another essential step is to get access to your chosen banking partner’s website or apps. When you come in person, head to the desk and ask for the form and instructions for starting a new account. It would be best to find your relevant options to open an online banking account. With the help of your website apps, you are benefitted from their 24*7 service, check balance amount, pay bills directly, etc.
Submitting the application form
For any bank account you take, you will need to complete and submit the application form. In this form, you are going to fill in your basic details like name, address, age, date of birth, phone number, email ID, etc. But online interfaces are user-friendly and self-explanatory to make it efficient for you to fill in the required information.
Submit the Required Documents
You must submit copies of the required documents after completing the application form. This list differs from one bank to another bank. Depending on the criteria of some institutions, you should self-attest the copies of your documents before submitting them. Check out the required documents:
- ID card, Aadhaar card
- Address verification (such as a voter ID, driver’s license, or passport)
- Identity documentation, such as a passport, driver’s license, or PAN card
- Form 16 (which could be necessary if you do not have a PAN car)
- Few recent passport-size pictures.
Complete with KYC process.
KYC is known as Know Your Customer. Your banking sectors must undertake this procedure before allowing you to register an online account because they need to make sure who you are and to confirm your identity. A video KYC will be considered while you open an online banking account. Some banks make video calls to you. In that case, you must attend the call and give your details.
To conclude
As a result of the rapid development of technology, online account opening bank zero balance Pnb provides great online services to their customers. Therefore now start opening your online bank account by following the points as mentioned above!
