✅ Step 1: Choose the Right Bank
Research different banks based on:
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Minimum balance requirement (zero balance or not)
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Interest rate offered
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Digital services (mobile apps, net banking)
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Customer support
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ATM/debit card facilities
🧾 Popular Indian banks for online savings accounts:
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SBI YONO
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ICICI Insta Save
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HDFC Digital Savings
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Axis ASAP
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Kotak 811 (Zero balance)
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IDFC FIRST Bank
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Paytm Payments Bank / Airtel Payments Bank
✅ Step 2: Visit the Bank’s Official Website or App
Go to the official banking website or download their mobile app from Google Play Store or Apple App Store.
🔐 Make sure the website/app is genuine:
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Look for the lock icon (HTTPS) in the URL
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Do not use third-party links to apply
✅ Step 3: Select ‘Open Savings Account’
Click on the section that says:
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“Open Digital Savings Account”
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“Instant Account Opening”
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“Apply Now”
📱 Many banks offer video KYC or fully paperless onboarding.
✅ Step 4: Fill in Personal Information
You will be asked to provide the following:
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Full Name (as per Aadhaar/PAN)
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Mobile Number (linked to Aadhaar)
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Email ID
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Date of Birth
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Address (permanent and communication)
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Occupation and income source
✅ Step 5: Submit KYC Documents (Digitally)
Banks will ask you to upload scanned or photographed copies of:
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Aadhaar Card
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PAN Card
📸 Some banks will require:
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A live selfie
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A short video verification (for KYC)
✅ Step 6: Mobile Number & Email Verification
You’ll receive:
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OTP (One Time Password) on your mobile
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An email verification link
Complete these steps to validate your identity.
✅ Step 7: Choose Account Type & Features
You may be able to select:
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Type: Regular or Zero Balance
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Debit Card Options
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Account variant: Individual, joint, minor, etc.
Some banks may let you set up:
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Automatic recurring deposits
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UPI ID and net banking access
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Mobile PIN (MPIN)
✅ Step 8: Set Your Account Credentials
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Set your internet banking user ID and password
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Generate MPIN for mobile banking
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Setup transaction password and security questions
✅ Step 9: Complete Video KYC (If Required)
A bank official will call you via video for identity verification. Keep:
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Original Aadhaar and PAN card
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White background
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Good lighting
This step usually takes 5–10 minutes.
✅ Step 10: Account Activated!
Once verified:
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You’ll receive a welcome kit via email or post (some banks)
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Account number, IFSC code, and virtual debit card will be generated
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Activate your mobile banking and UPI
📝 Documents Needed
| Required Documents | Format |
|---|---|
| Aadhaar Card | JPG/PDF |
| PAN Card | JPG/PDF |
| Passport photo | Optional |
| Signature scan | Sometimes |
💡 Tips Before You Apply:
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Use updated Aadhaar details (especially mobile number)
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Prefer banks that offer zero balance if you’re a student or salaried
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Read the charges sheet carefully (ATM fees, SMS charges, etc.)
💳 Benefits of Opening a Savings Account Online
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Instant account setup within 10–15 minutes
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Paperless & hassle-free
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Safe and secure
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No need to visit the branch
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Easy UPI & digital wallet setup
