Here are the 5 steps to open an account on an e banking mobile app

Amongst the oldest financial institutions, a bank is a place you choose to keep your money safe. Every month, you deposit a certain sum of your earnings into your bank’s account. Whenever you need money or even pay for something, you can either withdraw or deduct money from the account. To carry out a transaction with your bank, you had to visit the bank physically but, thanks to the internet, you can install an e banking mobile app. By using banking apps, you don’t need to visit the bank physically and all the functions can be carried out on the smartphone banking apps.

However, it is important to note that to carry out transactions on the app, you firstly need to opt for net banking services and more importantly, you need to have an already active digital savings account. If you don’t have one, don’t worry, you can open it on the mobile banking app. You just need to follow the steps listed below:

1.      Uploading and submitting documents:

The third important step in opening your digital savings account is uploading a soft copy of documents on the e banking mobile app. Referred to as the verification process, this step involves providing documents that will back up the information provided by you to the bank. Government-issued ID cards like the Aadhar card, PAN card and passport can serve as documents. Once the documents are submitted, the bank will confirm the details you provided. Please keep in mind that the activation of your account is dependent on completing this step.

2.      Waiting for verification to be done:

In this step, you don’t need to do much. Once you have submitted your documents, you will have to wait for the verification procedure to be completed. If your information checks out, the bank will accept your application and you can start transacting with the bank. You will be provided with a welcoming kit that will come with the debit card, chequebook and also net banking user ID and password.

3.      Log in to the account:

Once you receive your user ID and password, you can open the e banking mobile app, log in to the account. Once you have been taken to the landing page, you can check things like your account balance. Apart from that, you can access the wide range of facilities offered.

Following the five steps above will help you in opening your account on the e banking mobile app. Hopefully, you found the article interesting.

Original Content :- Here are the 5 steps to open an account on an e banking mobile app