Opening a Savings Account using a Banking app? A step-by-step guide

Are you looking to simplify your banking journey? Open a Bank Account. It helps to park your money securely and meet various banking requirements hassle-free. There are different accounts you can open. Savings Account is the most popular account. It is an interest-bearing account that you can use to meet your daily banking requirements. Savings Account is a common financial product that almost every bank offers.
Consider the interest rates, minimum balance requirement, and charges to choose a suitable bank. Once you have decided on a bank to open Savings Account there are three ways to do it: visit the nearest bank branch, login to the bank website, or download the Banking app. Opening an account via apps has become very popular. The primary reason is convenience.
You can complete the account opening process at your fingertips. Following is a step-by-step for opening an account using the Banking app:
Download the app
Download the bank’s mobile app. You can search directly for the app on your Android PlayStore or iStore to download. Be wary while downloading the app as several fake apps are listed online. A simple and secure way to download the bank’s app is by scanning the QR code on the bank’s website. You then get redirected to the app store to download the app. This ensures that you download the authentic Banking app only.
Fill out the account opening form
Once you have access to the mobile app, you can see various tabs. Look for the ‘Save’ tab and from the listed options click on Savings Account. You need to fill out an account opening form. The form primarily includes your personal details. Double-check the details before submitting the form. The bank solely refers to this form for account opening. Hence, you should make no mistake.
Scan and upload documents
For an online Savings Account opening you need to submit certain documents like your identity and address proof. Check the app for a complete list of documents required. Gather all documents and check for their accuracy. Scan all documents and upload them on the app. The bank verifies your documents and takes forward your account opening process.
Complete KYC requirement
You need to complete the Know Your Customer requirement with the bank for account opening. Luckily, now you can complete the KYC requirement online through video calling. This allows you to access the account in no time.
Get started with banking
Once your Savings Account is accessible, get started and experience banking like never before. Link your Savings Account to the bank’s website portal and other digital wallets. This enables you to make seamless fund transfers and quick payments on the go.