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Do you dread the endless paperwork and long queues typically associated with opening a bank account? Well, fret no more! The digital banking revolution is here to alleviate these pain points through online banking services.
With mobile banking, accessing financial services is as easy as unlocking your phone. So plug into digital banking for enhanced flexibility to manage your money on the go. Read on as we elaborate on how mobile apps make opening bank accounts an absolute breeze today!
Mobile Banking: The Future of Banking is Here
The banking sector’s significant transformation is due to the advantage of digitalisation. Today, mobile banking services like IDFC FIRST Bank have made financial transactions extremely convenient. You can now manage your finances without visiting a bank branch. Following the benefits you get from mobile banking:
1. Convenience and Accessibility
Open an account without a branch visit or paperwork by downloading a banking app, such as the IDFC FIRST Bank mobile app, registering your data, and opening an account. Since you may use mobile banking services around the clock, you can open accounts and complete transactions whenever convenient.
2. Real-Time Notifications
Mobile banking apps have real-time notification features. When your account is opened, you receive an instant update through email or SMS. You can also opt for customised notifications for transactions like withdrawals, deposits, UPI transfers, etc.
3. Enhanced Security Features
Conducting financial transactions through mobile apps raises the apparent concern regarding security. However, mobile banking services utilise the latest security protocols to facilitate safe banking. IDFC FIRST mobile banking employs multiple levels of encryption to protect client data. You can enable app lock through fingerprint or facial recognition.
4. Easy Grievance Redressal
Despite intricate security infrastructure, unforeseen account issues may still arise occasionally. Banks like IDFC FIRST have dedicated customer assistance channels integrated into the app.
Step-by-Step Process to Open Account through Mobile App
Can I open a bank account online? Yes, by using the following steps, you can easily open a bank account online:
Step 1: Click on the Link to Open Your Savings Account.
When you log into your IDFC FIRST Bank mobile banking app, find and click the prominent link/tab to initiate opening a new savings account.
Step 2: Fill up Your Information Accurately.
Next, you must provide essential personal details like name, contact number, email ID, address proof, date of birth, etc. Ensure all information entered is accurate.
Step 3: Select your Account variant.
You can choose variants like regular savings or zero-balance accounts, depending on your requirements. The app will showcase options along with applicable terms and conditions.
Step 4: Fund your Account Online.
Once account opening formalities are complete, you must make the initial funding deposit through channels like net banking, UPI, etc., enabled within the app. Minimum balance requirements are specified.
Step 5: Complete your Video KYC Now to Transact Freely.
Lastly, upload officially valid KYC documents and complete video-based verification. Once approved, you can seamlessly start using account facilities.
Conclusion
Opening a bank account traditionally involves extensive paperwork and in-person verifications. However, with mobile banking services offered by leading banks like IDFC FIRST, you can open accounts instantly through your phone. Convenience, ease of use, security and instant assistance make the mobile banking channel the most efficient avenue for opening bank accounts today.
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