Instant online bank account opening comes with plenty of advantages. It is fast, safe and paperless. You do not have to visit a bank for the process. An agent is available on call or live chat on the app in case of queries. Overall, it is quite convenient since you can open the account at home, at your workplace or even while travelling. The app lets you track, manage and analyse your account to stay updated. It can be used on both Android and iOS for everyone’s ease. Simply go to Google Play Store and App Store to download, install and get started. Here’s the best way to open the account.
Digital Bank Account
A 4+ rated trusted app offers one-swipe banking. It means you simply have to swipe to view your accounts balance, manage your credit card and make deposits and investments. Follow these steps to open your online savings account right away:
Step 1: Download it on your smartphone.
Step 2: Click on ‘Open Savings Account’ on the main page.
Step 3: Click on ‘Login’ and then the three dots in the top right corner.
Step 4: Click on ‘Open Savings Account.’
Make sure to set up a strong internet banking username/ Password or MPIN or fingerprint. That is all you need to do for opening accounts online. The subsequent logins on the app can be done by Face ID and fingerprints (biometrics) for advanced safety.
Benefits of an Online Savings Account
The app is fully loaded and offers everything that you ever wanted it to do. Use this account for fixed and recurring deposits, bill payment and recharge and getting a personal loan of amounts between ₹20,000 to ₹40 lakhs. You can also transfer funds to any other bank account via IMPS, NEFT or RTGS without adding a beneficiary.
The best part is that the entire process is 100% online and free of cost. It is a zero-fee process and you can enjoy 28 savings account-related activities without charges. A few services that can be requested are debit card issuance and cheque re-issuance.
The online savings account can be used for UPI payments. Get it linked and view your balances and statements anytime to make informed choices. Users are free to call or visit the bank to update their Aadhar Card or PAN card whenever required. You may also change passwords in case of suspicious activities in your account.
How to Stay Safe on the Online Account?
Opening a bank account online has been made hassle-free by a top-notch app. However, you need to be extra careful while operating the account. Do not share your password, CVV number or any kind of OTP with anyone. Know that the bank never asks for these details. Stay alert and keep track of the activities on your savings account. Take immediate action (call the bank agent) in case you feel it has unauthorised access.
IDFC FIRST Bank’s Optimus App lets you enjoy the convenience of banking on your mobile phone. Create financial goals, get customised recommendations, invest for wealth building and buy life insurance. All these services, besides a savings account, are at your fingertips.
