Opening a savings bank account Process writing: In today’s digital age, people want the presence of all services in online mode. They expect buying, selling, paying bills or any money transactions via online. Since the introduction of digital payments people are rapidly using this mode for any kind of money transaction. This method is quite easy and time saving for which people do not need to put extra time to make any payment. They just can do it by one simple click in their mobile phones, computer or any devices. But one must remember that he/she cannot use digital payment mode without any bank account in any respective bank. To use any UPI app, online payment one first have to open a savings bank account. So, the first step of using online payment method is opening a savings bank account.
At first, consumers have to choose any bank of their choice based upon their preferences like distance, facilities, interest rate etc. then they need to go to the nearby branch of that selective bank. A new bank opening form is collected then from the clerk in account opening counter of that bank. Two copy photos of passport size and original copies of two identity proof are needed to collect and fill up the account opening form. All the columns need to fill up with correct credentials of the applicant in the form. Applicant have to choose one nominee and give that person’s details in respective column. Accounts can be opened as individual, single and joint mode by the minor person with his father, mother, spouse and guardian. In single mode, they do not need to put anyone else’s details within form. Applicants have to put their signature in two or more places which will be termed as their specimen signature. This signature will be marked and used for any further transaction through the bank. Other facilities like passbook, message alert, debit card, online banking etc. are chosen by the applicant from the mentioned facilities within the form. Applicants need to put tick marks in selective boxes of the specific columns. Each applicant have to sign at the end of declaration as the indication they have read all rules and regulations of the bank.
After submitting the application form applicant will get bank passbook with their names, address and account number. They can use this passbook for depositing and withdrawing money, else they can use cheque book too. With the same account number they can open id in any UPI payment apps. People can make any online transaction through digital payment connecting with the bank directly. By online banking one can deposit money and make investments too. If one thinks that opening saving bank account via offline mode is time consuming task they can do it offline. They just need to go to the website of the bank and click on the account opening form. They must put all information correctly like address, phone number, id card number etc. to open the account and access it successfully. One can get online passbook to after putting basic information for it.
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