How to open an online bank account

How to open an online bank account

ગુજરાતીમાં વાંચવા માટે નીચે જાવ

What is a bank account?

A bank account is a financial account maintained by a bank on behalf of a customer. It allows the customer to deposit, withdraw and pay bills, transfer money and more. Bank accounts can be used for personal or business purposes. Research different banks and their account options to find the one that best suits your needs.

Visit the bank’s website and navigate to the account opening section. Fill the application form with your personal and financial information. Provide any required documents, such as government-issued ID and proof of address. Select the type of account you want to open and any additional features such as overdraft protection or debit card options. Submit the application and wait for approval.

 

Check the requirements:
Before you begin the application process, check the account opening requirements. These requirements vary by bank and account type. Typically, you will need to provide your personal information, such as your name, address, date of birth, and social security number. You will also need to provide your employment and income information.

Fill Application:
Once you check the requirements, you can start filling the application form. Most banks will have an online form that you can fill out. Be sure to provide accurate and up-to-date information, as any inconsistencies may delay the account opening process.

Verify your identity:
To open an account, you need to verify your identity. The bank may ask for a copy of your government-issued ID, such as a passport or driver’s license, and proof of address, such as a utility bill or lease agreement. You will also need to answer some security questions to confirm your identity.

Select your account type and features

Once your identity is verified, you can select the type of account you want to open. Most banks offer several types of accounts, such as checking, savings or money market accounts. You will also be able to choose additional features such as overdraft protection, online banking and debit cards.

Read the terms and conditions and agree to them
Before opening an account, you must read and agree to the terms and conditions of the bank. This document outlines the account rules and regulations as well as any applicable fees and charges.

Submit your application
Once you have filled the application form and agreed to the terms and conditions, you can submit your application. The bank will review your application and may ask for additional information or documents.

Fund your account

If your application is approved, the bank will ask you to fund your account with an initial deposit. This can be done using a debit card or an electronic transfer from another bank account. The minimum deposit required to open an account varies by bank and account type.

How to Open SBI Bank Account Online

Documents required for opening a bank account with SBI

• • driving license,
  • passport,
  • Proof of possession of Aadhaar number
  • Voter ID Card

• Job Card issued by NREGA duly signed by State Govt
• Letter issued by National Population Register with name and address details.

Visit SBI’s website:

Start by visiting the official website of State Bank of India here https://www.onlinesbi.com

Click on “New User Registration”.

On the home page, click on the “New User Registration” button to start the account opening process.

Select an account type
Select the type of account you want to open, such as Savings Account, Current Account or Recurring Deposit Account.

Fill out the application form
Fill the online application form with your personal and contact details including your name, date of birth, address and phone number. You will also need to provide your PAN (Permanent Account Number) and Aadhaar Number.

Upload your documents
Upload the required documents including your PAN card copy, Aadhaar card and recent photograph.

Select your account type and features

Select the account you want to open and any additional features such as internet banking, mobile banking and debit cards.

Review and submit the application
Review the application to ensure all details are correct. Once you are satisfied, submit the application.

Print and sign the application form

After submitting the application form, you will be asked to print the application form. Sign the form and attach the required documents, such as a copy of your PAN and Aadhaar card.

Visit SBI Branch

Visit an SBI branch to complete the account opening process. You will need to carry the signed application form and required documents with you. A bank representative will verify your documents and provide you with your account number and other details.

Opening of Union Bank Account

Documents Required for Opening Union Bank Account

• • Aadhar Card.
  • Mobile is linked to Aadhaar for OTP.
  • PAN card.

• • A recent scanned image of photo-size between 20 KB – 50 KB.
  • Scanned Image of Address Proof – Size between 20 KB – 100 KB.
  • Identity proof-sized scanned image between 20 KB – 100 KB.

Visit the nearest Union Bank branch or go to their website and click on the “Open Account” option.

Select the type of account you want to open. Union Bank offers various types of accounts like savings account, current account and fixed deposit account.

Fill the account opening form with your personal information, such as name, address, date of birth and contact information.

Provide required documents for account verification. You will need to provide proof of identity, proof of address and a passport size photograph.

After submitting the form and documents, your account will be opened and you will receive your account number and other details via SMS or email.

You can then start using your account by depositing money or transferring money from another account.

Opening hdfc bank account

Required documents for hdfc bank

• • Proof of Identity – PassportDriving License, Voter ID Card etc.
  • Address Proof – Passport, Driving License, Voter ID Card etc.

• • PAN card
  • Form 16 (Only if PAN card is not available)
  • 2 latest passport size photographs

Visit the HDFC Bank website and click on the “Apply Now” button in the “Open Account” section.

Select the type of account you want to open. HDFC Bank offers various types of accounts like savings account, current account and fixed deposit account.

Fill the account opening form with your personal information, such as name, address, date of birth and contact information.

Provide required documents for account verification. You will need to provide proof of identity, proof of address and a passport size photograph.

Once you submit the form and documents, HDFC Bank will process your application.

After your application is approved, you will receive your account number and other details via SMS or email.

You can then start using your account by depositing money or transferring money from another account.
Type of Bank Account Savings Account: This type of account is designed for individuals to save money and earn interest on their deposits. It is usually easy to open and maintain and comes with features like ATM card, online banking and mobile banking.

Type of Bank Account

current account

This type of account is designed for businesses and organizations that require frequent transactions. It usually comes with higher transaction limits, but no interest.

Fixed Deposit Account

This type of account allows you to deposit a fixed amount for a fixed period of time ranging from a few months to a few years. The interest rate is usually higher than a savings account, but you can’t withdraw before the maturity date without paying a penalty.

Recurring Deposit Account

This type of account allows you to deposit a certain amount of money regularly, usually monthly, over a period of time. The interest rate is usually higher than a savings account, but you can’t withdraw before the maturity date without paying a penalty.

Demat account

This type of account is used to hold securities like shares, bonds and mutual funds in electronic form. It is essential for trading in stock market.

NRI account

This type of account is designed for NRIs who want to keep their money in India. It can be a savings account or a fixed deposit account.

joint account

This type of account is opened by two or more persons who want to share the account and its contents

Benefits of HDFC Net Banking

o To access HDFC Net Banking, you need to follow these steps:

Go to HDFC Bank website and click on “NetBanking” option.

On the next page, click on “Login”.

Enter your Customer ID or User ID and click on “Continue”.

Enter your password and click “Login”. If you are logging in for the first time, you will be asked to create a new password.

Once you log in, you can perform many transactions like checking your account balance, transferring funds, paying bills and more.

To ensure the security of your account, it is recommended that you log out after completing your transactions.