How to Open Online Saving Account

Do you know that you can open a savings account without visiting the bank? Read ahead to learn about the steps involved in opening an online savings account.

Steps to Open a Savings Account Online

The steps to open a savings account online are fairly simple and straightforward. They are mentioned below - 

You might need to visit the bank with the received ID, your documents, and your mobile to complete the process of account opening. It is necessary to make an initial deposit in your new bank account as well, which can be done online or in person.

Documents Required to Open a Saving Account

You need minimal documentation nowadays to open a savings bank account as your KYC can authenticate you beforehand. Here are the basic documents that you will need before you search for ‘how to open saving account online’ - 

Benefits of Online Saving Account Opening

The benefits of having an online savings account are manifold. Here are a few of them - 

Additional Services on Opening a Savings Account

When you open a savings bank account, these are the additional services or products that you get - 


In today’s time, having a bank account makes your life much easier. You can withdraw cash on the go, or use debit cards to make payments directly. It also lets you spend money directly by scanning any QR code, if you connect it to your favorite UPI app.

Banks offer a myriad of services as well as help you keep track of your spending. In fact, if you are searching for ‘how to open saving account’, you can do it both online and in person. 

If you get your income directly in your bank account, you can also be eligible for a moneyview personal loan. You can get the funds from your loan directly in your bank account within 24 hours, after submitting the loan agreement. To know more, visit the moneyview website or download the app. 

How to Open Online Saving Account - Related FAQs

Yes, you can open a savings bank account in SBI through the online process. Just visit the SBI official website to know more.

Yes, most banks that offer a zero balance account, offer an ATM cum Debit card along with it.

Almost all banks offer services to open online savings accounts. The most popular banks are State Bank of India, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and Axis Bank. For a more detailed comparison and selecting the best bank to open an account in 2023.

You can have a bank account in Canara Bank with a minimum balance of Rs.1,000 if you are from a semi-urban region in India.

All banks nowadays allow online account opening. You can visit their official website to do the same. Here, you will find a detailed comparison and websites of top banks in 2023.


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