Everything to know about online savings bank account

While everything is shifting to digital, from shopping to tickets booking to buying insurance, banking is not at all left behind. Opening a bank account has never been so easier as it is now due to various banks providing service of online savings bank account.

These accounts can be opened online without the hassle of visiting bank standing in queues for every service, they also provide debit card & cheque services and many more. This has made banking for young generation really simple and accessible from Phone only.

How do these apps work:-

1. First download their app.
2. login using your mobile number and email id
3. Have all your documents with yourself like pan card & a identity proof (e.g. aadhar)
4. Enter your details as asked and complete procedures like uploading selfie.
5. Then, an agent will video call to verify your details live and record signature.
6. After that, the verification process will take 2-3 days and the account will be allotted.

This has made it really simple and convenient to open bank accounts at home with high interest compared to traditional bank account. Especially for young people and college students who don't want to do much with their accounts, just receive and do UPI payments these are the best options since these apps do not charge for SMS, Fast & secure and offer various rewards and vouchers also.

Below are some of the options that you can consider

1. Jupiter
2. Fi money
3. Fampay
4. IDFC first Bank
5. Kotak 811
6.