In today’s digital age, banking services have become more accessible and convenient than ever before. One such service is the ability to open a savings account online without having to visit a bank branch. This blog post provides a comprehensive guide on how to open a savings account online, ensuring a hassle-free and straightforward process. We will be focusing on the two key terms – open savings account online and DTH recharge – to help you understand the process better.
What is a Savings Account?
A savings account is a type of bank account that allows individuals to deposit money, earn interest on their deposits, and access funds as needed. Savings accounts are considered safe and secure investment options, ideal for accumulating funds for short-term or long-term needs. By opening a savings account online, you can manage your finances more efficiently and make transactions such as DTH recharge with ease.
You can easily open a Savings account with Airtel Payments Bank. Let’s understand the process in detail below.
Step-by-Step Guide to Open a Savings Account Online
To open Airtel Payments Bank Saving Account, you must follow the below process on the Airtel Thanks app: –
1. Open Airtel Thanks app and go to ‘Manage Page’ and click on Money tab for the Upgrade or Opening of Savings Bank Account.
2. You will need to initiate the process by submitting your PAN and Aadhaar number.
2. Basis the PAN and Aadhar, provide consent for downloading details from CKYC CERSAI.
3. Once you confirm on the KYC details downloaded using your CKYC ID, you will need to verify your identity & location with a quick liveliness check.
4. Post liveliness check, as per RBI guidelines, you are required to do a mandatory money load using UPI mode.
5. Once payment is successful, we will open your account and transfer the same money in newly opened Digital Savings Bank Account.
Note: The UPI ID should be linked to your own account with another Bank. And you must be in India, to open a Digital Savings Bank Account.
It must be noted that doorstep banking service is provided by the bank & it is available across all branches. To avail the service, the customer can raise request via call center.
Key Benefits of Airtel Payments Bank Savings Account
- Full Digital Process- Paperless, Zero Balance Account
- Earn on your Savings- Get up to 7% Interest on your Savings
- Easy Money Transfers- Send & receive money on the go or just scan & pay
- Rewarding Transactions- Earn on every transaction with Rewards
Conclusion
In conclusion, opening a savings account online is a convenient and time-saving process that eliminates the need to visit a bank branch. By following the steps mentioned in this guide, you can easily open a savings account online and enjoy the benefits of digital banking. So, whether you need an account for your DTH recharge or other financial transactions, opening a savings account online is the way forward for a seamless and hassle-free banking experience.
