A zero-balance savings account: Gone are the days when we were standing in queues to open our bank accounts. Now world has entered into technology era where everything is just on the tip of our finger. it is very simple to open to a zero-balance savings account. it is just like any other bank account. Use phone, click some taps, share your documents as Aadhaar and PAN along with some basic details, and here your account is ready.
In digital age, there has been drastic change in the banking pattern for last several years. Now, we don’t have to step outside and stand in a queue to open a bank account. What is needed is just a smart phone with which we are able to open our account by sharing few basic details and our account will be activated in a just 5 minutes. s
A zero-balance savings account is like any other bank account. The one and basic difference is that it doesn’t require the customer to maintain a minimum balance in the account. It is best suited for customers who want to enjoy the benefits of a savings bank account without the hassle of maintaining a minimum balance.
Open zero-balance savings account in just 5 steps
Step 1: Click on the bank’s official website or mobile banking app. Then enter your mobile number to initiate the process.
Step 2: Fill in all the details, such as the ID proof number, name, DOB, etc. The account opening process is online and can be done from anywhere.
Step 3: You should keep all the required documents handy like Aadhaar card, Voter’s card, Pan Card, passport, or driving license as identity proof. Other than these, two passport-size photographs are also needed.
Step 4: KYC has become must for all mobile banking purposes. Do the video KYC verification.
Step 5: Once the process is done, the customer will receive an account number and customer ID, which they can use to login into their zero-balance savings account.
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