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A Handy Guide on online instant bank account opening
With the internet becoming an undeniable, inherent part of our lives, we can avail of all kinds of services online. Like most service providers, banks, too, are directing their business modules online. Today, banks allow customers to open online bank accounts instantly from the comfort of their homes. Moreover, the online instant bank account opening process is simple and takes a couple of minutes. Here is a brief guide on online instant bank account opening.
An instant bank account is one that you can open online without visiting the bank. The only prerequisite is that your Aadhaar number should be linked with your mobile number. Linking Aadhaar to mobile is necessary for the mandatory Know Your Client (KYC) formalities and is the last step in completing the instant online account opening process.
Since the KYC process is online, you must scan your documents to upload them at the time of application. The list of documents required for instant online account opening includes:
There is no denying that instant bank accounts have made our lives a bit easier. Whether you are at home, in the office, or on vacation, you can complete the instant bank account opening formality from anywhere, any time.
With DBS Bank app, you can open a new savings account in a few minutes! Download the app to get started.
*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.
