If you are looking for a way to open a savings account without making multiple trips to the bank, then opening savings account online would be the perfect option for you. Additionally, you can get information on benefits, rate of interest etc. related to different types of saving account online. Here are some quick steps you can follow for opening a savings bank account online.
Step -1: Zero in on the type of savings account you want
There are four types of savings account – Regular savings account, money market account, checking account and certificates of deposit/fixed deposit. When selecting a savings account you should consider the following to identify which savings account will suit you the best-
• The goal of opening the account
• The minimum balance to be maintained
• The interest rate offered
• The inked charges
• Features of the credit/debit card
If you prefer taking out or putting in money as and when you like, then go for checking account instead of fixed deposit where you can't do so. If you want to have an account with less minimum balance level, then go for a regular savings account. But if you want high returns and do not have a problem with maintaining a high minimum balance level, then opt for money market accounts.
Step -2: Apply for the account online
After selecting the type of savings account, the next thing to do is applying for it online. There are fraudulent websites that might try to steal your personal information by impersonating the bank. So, when applying online, ensure that you apply on the official website of the bank by checking the links and the lock symbol (which should be green) in the address bar. In the application form, fill all the details correctly and keep scanned copies of required documents like ID proofs, etc. ready, so as to upload them wherever required.
Step -3: Verify yourself with the bank
After application, the bank will send you a mail on the registered email id to verify your identity. Follow the instructions in the email to verify yourself. This is important because unless you verify yourself, the bank will not approve your application. After verification, the bank will approve your application, set up your account and send you the linked debit card and other documents.
Step -4: Set up strong pins and passwords
Once you have received the net banking and debit/credit card details, immediately login and change the default passwords and pins. Because passwords like name, date of birth, phone number and alphanumeric patterns like QWERTY, 1234, etc. can be guessed easily by hackers. So, you must avoid using such passwords to keep your personal details and hard-earned savings safe. Use a combination of special characters, upper and lowercase letters, numbers etc. In your password. Additionally, keep changing your passwords and pins regularly.
You can follow these steps for opening savings account online quickly, seamlessly and without any complication.
Step -1: Zero in on the type of savings account you want
There are four types of savings account – Regular savings account, money market account, checking account and certificates of deposit/fixed deposit. When selecting a savings account you should consider the following to identify which savings account will suit you the best-
• The goal of opening the account
• The minimum balance to be maintained
• The interest rate offered
• The inked charges
• Features of the credit/debit card
If you prefer taking out or putting in money as and when you like, then go for checking account instead of fixed deposit where you can't do so. If you want to have an account with less minimum balance level, then go for a regular savings account. But if you want high returns and do not have a problem with maintaining a high minimum balance level, then opt for money market accounts.
Step -2: Apply for the account online
After selecting the type of savings account, the next thing to do is applying for it online. There are fraudulent websites that might try to steal your personal information by impersonating the bank. So, when applying online, ensure that you apply on the official website of the bank by checking the links and the lock symbol (which should be green) in the address bar. In the application form, fill all the details correctly and keep scanned copies of required documents like ID proofs, etc. ready, so as to upload them wherever required.
Step -3: Verify yourself with the bank
After application, the bank will send you a mail on the registered email id to verify your identity. Follow the instructions in the email to verify yourself. This is important because unless you verify yourself, the bank will not approve your application. After verification, the bank will approve your application, set up your account and send you the linked debit card and other documents.
Step -4: Set up strong pins and passwords
Once you have received the net banking and debit/credit card details, immediately login and change the default passwords and pins. Because passwords like name, date of birth, phone number and alphanumeric patterns like QWERTY, 1234, etc. can be guessed easily by hackers. So, you must avoid using such passwords to keep your personal details and hard-earned savings safe. Use a combination of special characters, upper and lowercase letters, numbers etc. In your password. Additionally, keep changing your passwords and pins regularly.
You can follow these steps for opening savings account online quickly, seamlessly and without any complication.
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