These days, technology and banking have merged to offer customers a hassle-free account opening process and unlimited accessibility. You can now open a bank account without visiting the branch and submitting minimal documentation. You can log on to their banking website or app and submit the account opening application with just a click.
An Insta Account is an entirely digitised process offering you the option to open a bank account of your choice. You can choose the account type from multiple options and get your new account number instantly. It comes loaded with pre-set services of mobile banking and internet banking.
The advantages are for everyone, irrespective of their age. Whether you are 18 or 60, you can enjoy the benefits right at your fingertips. Here are the features it offers:
- Instant account opening: The account is all about hassle-free opening and accessibility. All you need is an operational mobile number, PAN card, and an Aadhaar card to set it up and operate it without visiting the bank branch personally. You can set the account up within less than five minutes, all by yourself.
- Instant account number and Customer ID: One of this savings account’s essential features is that you get your account number and Customer ID instantly after submitting the account opening application. You do not need to wait for days or weeks to operate it or transfer money to your loved ones.
- Fund transfer facility: After setting your account up, you can use the fund transfer facility to send funds to your loved ones in need or meet emergency fund requirements. It would help if you considered the transfer limit before transferring funds for the first time.
- Cash withdrawal: With your instant savings account, you can make cardless cash withdrawals from any ATM belonging to the bank. You can skip using the debit card and select the cardless option on the ATM and follow the instructions.
- Net banking and mobile banking: When you open an instant savings account online, you can access its prominent features like net banking and mobile banking. You can check your account balance and track your finances without visiting the bank branch personally after resetting your password.
- Bill payments and recharge: With digital payments, you can pay bills and set standing instructions for auto-debit from your bank account. You can also recharge different mobile and DTH plans without worrying about plan expiry, late payments, and penalties.