A Savings Account is the most basic type of bank account you can have, and as the name suggests, its primary purpose is to help you save. With this account, you can safely deposit or withdraw funds at any time and earn interest on the money in the account. And opening a Savings Account is a simple task that may take, at best, an hour, or sometimes just 15 minutes. Most banks usually have similar procedures, so it is fairly easy to open a Savings Account.
You can do this in two ways:
Apply in person, at the bank
The traditional or conventional method of opening a Savings Bank Account is by visiting a bank branch. Through this method, you can get assistance from the bank’s employees, who are designated for this purpose. Once you have completed the application process at the bank, you may have to wait a few hours or days until your account is ready to use.
Apply online
To open a Savings Account online, all you need is a mobile phone or laptop. You can initiate the process with just your mobile number, and the rest of the procedure does not vary much. You simply upload your form and documents to the online portal, instead of physically going to the bank.
Documents required for opening a Savings Account
Regardless of which method you choose, you will need to provide certain documents to open your Savings Account.
HDFC Bank InstaAccount – The present and future of banking
Wondering how the bank will issue you an account if it cannot verify your documents and details? Fortunately, modern-day banking facilities make this a seamless procedure. HDFC Bank, for example, offers an InstaAccount facility, through which you can open a Savings Account within minutes and without having to worry about verification.
After completing the process of applying for a Savings Account through HDFC Bank InstaAccount, you will receive your customer ID and account number instantly so that you can transfer money and start using your account. In addition to this, your new Savings Account will come NetBanking and MobileBanking enabled; you simply have to create a password to start transacting.
Card-less withdrawal with InstaAccount
Another tech-savvy feature that your HDFC Bank InstaAccount provides is the ability to withdraw cash from any HDFC Bank ATM without a Debit Card. All you need to do is select the cardless option at the ATM and follow the instructions after that. This service is available at no extra charge.
Once your account is activated, you can make outgoing payments after 48 hours of opening your account. This two-day wait is for security reasons only, and once your account is ready, you can begin transacting money and paying bills from the comfort of your home.
HDFC Bank strives to enhance its customer experience by offering safe and convenient digital services, and InstaAccount is yet another offering to live up to this promise. With HDFC Bank InstaAccount open a Savings Account instantly in a few simple steps. It comes pre-enabled with HDFC Bank NetBanking and MobileBanking and you can enjoy Cardless Cash withdrawals. Click here to get started on opening your very own Saving Account!
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