The way people carry out their banking has changed considerably. Now, you need not step outside your comfort zone and stand in a queue to open a Bank Account. Just grab a phone, make some taps, share the Aadhaar and PAN details along with basic information, and the account is ready.

The best part about online opening of a Bank Account is that you need not maintain a minimum account balance. Customers can open a Zero-Balance Savings Account online in minutes. This account works like any other Bank Account. The only difference is that it does not require a customer to maintain a minimum account balance. Here are the steps to open this account online:

1. Visit the online platform

Customers only need smartphones to access the bank’s official website or app. Enter your mobile number to initiate the process. The next step is to fill in the ID proof number, name, birthdate, etc. The account opening process is initiated online and can be done anywhere without visiting the bank.

2. Keep all the required documentation handy

The customer should gather all the documents in one place while doing the process online. They must submit an Aadhaar, Voter’s card, PAN Card, passport, or driving license as proof of identity. Other than these, two passport-size photographs are also needed.

3. Do the video KYC verification

KYC has become mandatory for all Online Banking purposes. However, customers can complete the KYC process independently by submitting all the documents online for verification. The only requirement is to allow the online mediums to access your camera, location, and microphone to initiate the video KYC, which will be conducted on a video call with bank personnel.

4. Login through the online platform

Once everything is done, you receive an account number and customer ID, which you can use to log into your Zero-Balance Account.

5. Exclusive rewards and access to banking services

You can also benefit from more than 250 banking services, rewards worth Rs. 11,000, and high accessibility through Online Banking. Enjoy free domestic transactions, welcome benefits related to food, entertainment, and travel, free cash withdrawals, and more at a monthly fee of Rs. 200. Open an online Zero-Balance Account to experience convenience and attractive benefits.

The benefits you get by opening a Bank Account are like those offered by a Regular Account, but without maintaining a minimum average balance or paying the penalty for not doing so. You can also open a Joint Account with your spouse to take advantage of the services offered.

Conclusion

Zero-Balance Savings Accounts offer a range of advantages, providing financial accessibility and convenience. Embrace the simple online account opening process, which eliminates the need for tedious paperwork. This account is ideal for individuals seeking basic banking services without maintaining a specific balance.