A savings account is the most primary association you have with a bank. It is the beginning of the banking journey for many. By opening it, you teach a saving habit and make your short-term funds work for you. These accounts have no age barrier. Kids can equally benefit from them. However, parents must act as a consignee until they become adults. 

The traditional account opening process takes about an hour or so. It depends on the queue, form filling time, and document processing. However, savings account opening online is straightforward and quicker. It involves a short procedure. 

Following are the steps to follow: 

Visit bank website: Many banks offer competitive interest rates, varying facilities, and minimum balance requirements. It is best to research and compare them based on your needs. After this, you visit the finalised bank’s portal to open the account. Their site contains additional details like terms and conditions, offers for different customer groups, etc. Make sure to check them out before moving forward. 

Application: Once you are fully satisfied, you fill in the account opening form. It asks for your details like full name, age, address, guardian details, etc. You also provide your contact details, including email address, mobile number, and other means. These credentials are used for all your banking services. Make sure to provide correct information to avoid mishaps later. 

Documentation: You then attach the supporting documents that include your passport-sized photos, identity proof, PAN card, address proof, etc. Make sure to keep them ready to finish the process quickly. Banks review your application to accept your account opening request. This gets done instantly online. 

Initial deposit: If you satisfy all the requirements, you get taken to the payment section. Here, you make the first fund transfer in your savings account. This includes the minimum balance that you cannot withdraw until the account gets terminated. This amount varies from bank to bank. You can compare them online. This marks the beginning of your saving bank account activities. 

Maintenance: Once your account is active, you unlock all the services to operate it. You get a debit card, passbook, cheque, net banking facilities, etc. You need to select these facilities in your savings account opening online form. These allow you to carry out banking conveniently. You can use them for withdrawals, deposits, shopping, payments, etc. Make sure to actively use the account to avoid penalty charges or account closure. 

The mentioned process is easy and simple. Make sure to have a stable internet connection to avoid time-outs. Use a protected network for security. Also, make sure to remember your login details for ease of operation.