Managing your money at your convenience is easier than ever before. Thanks to smartphones and mobile banking apps, you don’t have to visit a bank to open a savings account online. The advancements in technology have made banking apps highly secured with features like multi-factor authentication, fingerprinting device, end-to-end encryption, and real-time text or email alerts.
Banks and financial institutions keep updating their mobile applications with the most advanced features to help their customers do banking on the go. Further, the clear design, easy navigation, user-friendliness, and customization also make a mobile banking app easy to use among any type of consumer.
The IDFC FIRST Bank mobile app helps you register online banking services by downloading the app and submitting your personal details like your full name, date of birth, PAN Card number, and Aadhaar Card number. After successful registration, you can open a savings or current account right away without visiting the bank. However, there are a few things you need to know before opening a bank account online.
- Decide what type of bank account you want
When it comes to a savings account, IDFC FIRST Bank offers a regular savings account and customized savings account. Some of the popular ones include:
- Corporate Salary Account
- Senior Citizen Savings Account
- FIRST Power for Women
- Pratham or Zero Balance Account
- Minor’s Savings Account
- Future FIRST Savings Account
- Vishesh Savings Account
- Health FIRST Savings Account
- Honour FIRST Defence Account
You can open a suitable savings account online and enjoy some benefits like unlimited and free ATM withdrawals, free personal accident insurance, cashback offers, and higher POS limits.
- Know the requirements
To open an instant savings account online on the IDFC FIRST Bank mobile app, you need a PAN Card and Aadhaar Card. The online application for a bank account requires you to fill out your details and submit the application with supporting documents. All types of savings bank accounts, other than the zero balance account, require a minimum deposit. You can have your account activated after the successful completion of eKYC by the bank through a video call.
- Interest on savings account
Most savings accounts earn interest on the balances in the account. IDFC FIRST Bank offers competitive interest, which is credited every month.
- Fees and other charges
Check for the fees for transactions and services. IDFC FIRST Bank offers some transactions free of charge, provided you maintain a minimum balance in your savings account. The ATM transaction charges for withdrawals at the bank’s ATM are free. With other bank ATMs, you may have charges after a certain number of transactions.
Know how to open an online bank account
A digital bank account with IDFC FIRST Bank is a paperless process. You can open a free account on its mobile app by doing the following:
- Log onto the IDFC FIRST Bank mobile app using your username and password. Keep your PAN Card and Aadhaar Card ready.
- Give your full name, mobile number, email address, and PAN Card and Aadhaar Card or Voter’s ID details and submit them.
- Next, it will ask you to fill out your personal details like your date of birth, contact address, and other relevant information.
- Then, upload the scanned copies of the PAN Card, Aadhaar Card, or Voter’s ID Card, and your signature on a sheet of paper.
- Verify the details using the one-time password (OTP).
- Complete the electronic KYC verification on a video call.
- You have successfully opened an account. It takes a few hours to activate your account.
It doesn’t take much time to download the IDFC FIRST Bank mobile app and open a savings account online. It’s exciting to choose the savings bank account that fulfil your financial needs.