Savings bank

The easiest way to open a savings bank account

When it comes to a safe and secure way to save money, savings account have always been the financial tool of choice for many. And now it has become even more lucrative thanks to the incredible offers, digital installations and better interest rate on savings accounts offered by institutions like Axis Bank.

Do you feel even more eager to open a savings account now? Read on to find out more!

Benefits and Features

Before opening your savings online accountyou should know the benefits and features that come with it:

  • Customers can choose from several types of savings accounts and opt for the one that meets their financial goals and needs.
  • Average monthly balance needs depend on where the account is held, i.e. rural, semi-urban or urban.
  • Customers who have their savings account in a bank can withdraw money from any ATM across the country.
  • An account holder also enjoys free digital and telephone banking services.
  • Monthly electronic statements are sent to customers free of charge to allow them to keep track of their finances.

Required documents

You do not need to upload any document to be able to open your digital savings account. To open a savings account digitally, you will only need your PAN, Aadhar Card and Video KYC. Whether you are opening an account for yourself or jointly with your spouse, you won’t need to upload any documents.

Easy steps to open a savings account

Below are the easy steps to open a savings account. It looks a lot like a Opening a Jan Dhan account online.

  • Visit the bank’s homepage and click on the “savings accounts” option.
  • Select a savings account that meets your financial goals and needs
  • Submit all documents as mentioned above.
  • Next, you need to complete the application form. Now all fields must be filled in to ensure that the request is not rejected. If you are having trouble completing the form, you can contact a bank representative for assistance.
  • Once the above mentioned documents are ready and the application form is duly completed, you will need to submit the form and related documents.
  • The bank will review the documents to ensure that the name, address, date of birth, etc. correspond to the details mentioned in the application form.
  • Based on the minimum account balance guidelines, you will be required to make an initial deposit.
  • Axis bank will also perform video KYC for which you will only need a webcam or even your phone camera.
  • You will receive all the necessary bank documents, including the debit card, at your address right after that.

And that’s all! You are now equipped with all the knowledge you need to open a savings bank account.

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