{"id":1217,"date":"2025-03-25T08:50:12","date_gmt":"2025-03-25T03:20:12","guid":{"rendered":"https:\/\/jupiter.money\/?p=1217"},"modified":"2026-03-30T14:30:25","modified_gmt":"2026-03-30T14:30:25","slug":"how-to-open-a-bank-account-in-india","status":"publish","type":"post","link":"https:\/\/jupiter.money\/blog\/how-to-open-a-bank-account-in-india\/","title":{"rendered":"How To Open A Bank Account In India: Online & Offline Process"},"content":{"rendered":" \r\n

Introduction to opening a bank account in India<\/h2>\r\n\r\n\r\n\r\n

Banks are no longer just the place to keep money and use the locker feature to safely keep jewellery and important documents. Nowadays, opening a bank account helps you invest in stocks, buy shares, have access to digital payment options, and even provide a copy of the passbook as identity proof. Many banks offer lucrative interest rates to customers who opt for a Savings account or open a fixed deposit account. Each bank has its own set of benefits and offerings. But, the main criteria that prompt people to open a bank account is the security these banks provide when making online transactions or even oversea money transfers.<\/p>\r\n

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What is a bank account?<\/h2>\r\n\r\n\r\n\r\n

A bank account helps keep a record of how much money you have at a given time. When you go to deposit or withdraw money, your account details are updated accordingly.<\/p>\r\n\r\n\r\n\r\n

Upon opening a bank account, you also get a debit card<\/a> and mobile banking facilities. This removes the need to go to your bank branch every time you need to make a transaction. Want to withdraw money? Simply visit any ATM and use your debit card for the same. Debit cards, credit cards, and banks\u2019 own UPI also help you make cashless payments whenever you purchase anything.<\/p>\r\n

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Before we go ahead in detail, let’s get you a summarized details on How to open a Savings Account.<\/p>\r\n

Step-by-Step Guide to Opening a Savings Account
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Step<\/b><\/p>\r\n<\/td>\r\n

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Online Method<\/b><\/p>\r\n<\/td>\r\n

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Offline Method<\/b><\/p>\r\n<\/td>\r\n<\/tr>\r\n

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1. Research and Choose a Bank<\/b><\/p>\r\n<\/td>\r\n

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  • Compare banks based on interest rates, services, fees, and digital capabilities.<\/span><\/li>\r\n<\/ul>\r\n
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    \u200b<\/span><\/p>\r\n

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    • Ensure the bank offers online account opening facilities.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n
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  • Visit local bank branches to gather information on various savings account options.<\/span><\/li>\r\n<\/ul>\r\n
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    \u200b<\/span><\/p>\r\n

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    • Discuss with bank representatives to understand the features and benefits.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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2. Check Eligibility Criteria<\/b><\/p>\r\n<\/td>\r\n

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– Verify age, residency status, and other bank-specific requirements.<\/span><\/p>\r\n<\/td>\r\n

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  • Confirm eligibility with the bank staff during your visit.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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3. Gather Required Documents<\/b><\/p>\r\n<\/td>\r\n

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– Prepare scanned copies of necessary documents such as:<\/span><\/p>\r\n

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  • Proof of Identity (e.g., Aadhaar, Passport)<\/span><\/li>\r\n<\/ul>\r\n
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    • Proof of Address (e.g., Utility Bill, Voter ID)<\/span><\/li>\r\n<\/ul>\r\n
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      • PAN Card<\/span><\/li>\r\n<\/ul>\r\n
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        • Passport-size photographs<\/span><\/li>\r\n<\/ul>\r\n

          *Some VKYC agencies will ask you to keep Original PAN and Aadhaar Card handy to be shown to the VKYC agent during verification.<\/span><\/p>\r\n<\/td>\r\n

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  • Carry original documents and photocopies for submission:<\/span><\/li>\r\n<\/ul>\r\n
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    • Proof of Identity<\/span><\/li>\r\n<\/ul>\r\n
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      • Proof of Address<\/span><\/li>\r\n<\/ul>\r\n
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        • PAN Card<\/span><\/li>\r\n<\/ul>\r\n
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          • Passport-size photographs<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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4. Visit the Bank’s Website or Mobile App<\/b><\/p>\r\n<\/td>\r\n

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– Navigate to the official website or download the bank’s mobile application.<\/span><\/p>\r\n<\/td>\r\n

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  • Not applicable.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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5. Fill Out the Application Form<\/b><\/p>\r\n<\/td>\r\n

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– Complete the online application form with personal details.<\/span><\/p>\r\n<\/td>\r\n

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  • Obtain and fill out the physical application form provided by the bank.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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6. Submit Documents<\/b><\/p>\r\n<\/td>\r\n

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– Upload scanned copies of the required documents.<\/span><\/p>\r\n<\/td>\r\n

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  • Submit photocopies along with originals for verification.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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7. Complete KYC Process<\/b><\/p>\r\n<\/td>\r\n

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– Undergo Video KYC or schedule an appointment for in-person verification, as per the bank’s procedure.<\/span><\/p>\r\n<\/td>\r\n

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  • Complete the KYC process in person with a bank official.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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8. Initial Deposit<\/b><\/p>\r\n<\/td>\r\n

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– Transfer the minimum required deposit online, if applicable.<\/span><\/p>\r\n<\/td>\r\n

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  • Deposit the initial amount at the bank counter.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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9. Account Activation<\/b><\/p>\r\n<\/td>\r\n

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– Receive confirmation of account activation via email or SMS.<\/span><\/p>\r\n<\/td>\r\n

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  • Obtain account details and welcome kit from the bank.<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n
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10. Access Account<\/b><\/p>\r\n<\/td>\r\n

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– Set up internet banking and mobile banking services.<\/span><\/p>\r\n<\/td>\r\n

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