What are the Best Ways to Open a Bank Account Online?
Opening bank accounts has evolved from long queues and tiring paperwork to being online from your phone or computer. Leading digital payment banks like IDFC FIRST are enabling video KYC and eKYC-based account opening for maximum convenience. Read on to understand the best ways to open an account online.
Account Variants Offered by IDFC FIRST
IDFC FIRST caters to diverse banking needs by providing varied account types:
1. Regular Accounts
- A) Savings Accounts – These are for everyday transactions while earning interest on savings.
- B) Current Accounts – These are for frequent payments with an overdraft facility.
- C) Fixed and Recurring Deposits – For guaranteed returns.
2. Special Accounts
- A) Salary Accounts – Zero balance accounts with discounts for employees.
- B) NRI Accounts – For NRIs to manage Indian finances.
Pathways for Opening IDFC FIRST Accounts Online
Gone are the days of standing in long bank queues and dealing with tedious paperwork just to open an account. Digital-first banks like IDFC FIRST have transformed the account-opening process for the 21st century by enabling presence-less, paperless journeys with account-opening applications. Customers can now open accounts entirely online in minutes via the following:
1. The Power of Video KYC
IDFC FIRST allows scheduling a quick video call with a bank representative for real-time identity verification. One can simply show their Aadhaar, PAN or Passport over the video chat. Advanced image analysis matches photos and selfies, completing KYC authentication in 5-7 minutes sans paperwork! Post successful video KYC, customers can instantly open savings or current bank accounts online on IDFC FIRST’s website or mobile app.
2. Convenience of eKYC
Alternatively, IDFC FIRST offers Aadhaar-based eKYC verification for instant online account opening. You enter your Aadhaar number to fetch personal details from the UIDAI database. Next, you can biometrically authenticate using a fingerprint or iris scan. This digital eKYC process validates your identity, allowing you to open bank accounts seamlessly online and skip physical verification.
Besides regular accounts, IDFC FIRST Bank also provides specialised digital savings accounts like InstaSave and Digi Savings Accounts that you can open with the IDFC FIRST Mobile bank app. These accounts are tailored for digital access and offer benefits like high-interest yields, zero balance requirements, unlimited transactions, personalised UPI handles, and quick online account opening services.
The processes are encrypted, fast and completely paperless. If you wish to reduce branch visits and open accounts from home, try IDFC FIRST Bank’s cutting-edge digital account opening solutions.
Conclusion
The IDFC First Bank Mobile App is a one-stop platform that seamlessly drives the entire digital account opening journey. Customers can conveniently access and complete video KYC or Aadhaar-based eKYC verification in a few simple steps on the app. After a successful digital KYC, the app allows the swift opening of various savings, current and special salary or NRI accounts right from its intuitive interface.
Upload documents, capture selfies, enter personal details, or set account preferences via the IDFC First Bank mobile app. This creates an end-to-end paperless process for customers to open fully functional bank accounts online through their mobile phones within minutes!
The feature-rich app also allows digital management of the rest of the account lifecycle, including tracking transactions, paying bills, etc. Thus, the IDFC First Bank mobile app is the gateway to online banking for digital-first customers who aim for convenience and ease of banking.
