Mobile phone technology has changed the way we manage our money today. Financial institutions, especially banks are leveraging it to provide maximum convenience to their customers. Using secure banking apps on mobile phones, you can open a bank account, deposit money, transfer funds, and pay bills in a matter of minutes.
You might have never thought about opening an instant savings account right from your smartphone. Until recently, you followed a traditional method of visiting a bank, filling in the application form, and submitting it with supporting documents. This paper-based process is a tedious one and takes a long time to complete.
Mobile technology offers quick and easy ways to set up a new bank account. IDFC FIRST Bank through its mobile banking app offers a unique experience while opening an online bank account. If you are new to the IDFC FIRST Bank internet banking app, here are some steps you need to follow.
Step 1: Download and install the IDFC FIRST Bank mobile banking app on your smartphone. You can search for it on Apple’s App Store or Google’s PlayStore.
Step 2: Go to the login page, choose the option ‘Open savings account’, and enter your full name, mobile number, and email address
Step 3: Next, fill out your PAN Card and Aadhaar Card or Voter’s ID numbers
Step 4: Provide your personal details such as your age, contact address, date of birth, employment details, and latest photographs.
Step 5: Submit the scanned copies of PAN Card and Aadhaar Card or Voter’s ID Card in support of the details submitted
Step 6: Receive a one-time password or OTP on your mobile phone and verify it
Step 7: Complete the KYC verification with the bank official via a video call
Step 8: Your instant savings account is active now. Now you can do an easy money transfer to your new account.
If you are an Indian citizen and a resident of India, you are eligible to open a free bank account on the IDFC FIRST Bank mobile banking app. For foreign nationals who reside in India, they have to fulfil the GOI criteria.
What does your new bank account offer you?
With an IDFC FIRST Bank’s digital bank account, you enjoy exciting benefits like:
- Cashback on account activation and transactions
- Free debit cards – Visa Classic for a Savings Account with an average monthly balance of Rs 10,000 and Visa Signature for an account with an average monthly balance of Rs 25,000
- High POS limits
- Unlimited free ATM transactions
- High daily ATM withdrawal limits
- Competitive interest rates
- Monthly interest credits
- Personal accident insurance coverage of Rs 35 lakhs on a Savings Bank Account with Visa Signature Card and Rs 2 lakhs on a Savings Account with Visa Classic Card
- Airport lounge access for a Visa Signature Cardholder
- Free transfer of funds through IMPS
- Free cheque book
In conclusion, mobile banking is growing in popularity, and IDFC FIRST Bank offers you the latest mobile banking app to open a bank account instantly using the simple steps given above.