Start your banking journey by opening an Insta Account

Opening a Savings Account is usually the first step in your banking journey. It is the most basic account to hold. It allows you to safely deposit your hard-earned money, withdraw funds when you need them, and earn interest on the money you save. It also provides access to Online Banking features, like making investments, paying utility bills, transferring money, etc. Hence, it is an important stepping stone in your financial journey.

Today, you need not visit a bank, stand in long queues, or spend a significant chunk of your workday to open such an account. Instead, you can simply open it online. Some banks even allow Insta Account opening over apps that make the process more seamless and easier. So, if you want to start your banking journey for opening such accounts, here are a few simple steps you can follow:

Go online

To open Insta Accounts online, visit your bank’s online portal using your desktop or laptop. Alternatively, download the Banking app provided by your bank on your smartphone. You can start the process by simply entering your mobile number. Consequently, fill out all the necessary details and upload the required documents.

Keep documents ready

To make the process more seamless and swifter, keep all your documents ready beforehand. For an account opening online in India, you need the following documents:

• ID proofs such as a driving license, passport, etc.
• Address proofs like passport, ration ID, etc.
• PAN details or Form 16 if you do not have a PAN card
• Passport-sized copies of your latest photograph

Get verified

After you submit the completed application form and upload all the necessary documents, you need to verify yourself. Today, you can easily get verified online by using video KYC, if your bank provides such a service. Just give the bank officials access to your camera, location, and microphone on your smartphone, and get ready to operate your new Bank Account.

Log in

After you complete the necessary steps for opening an Insta Account, have been verified, and transferred the required sum, your account becomes operational. You also receive your account number and customer ID shortly. Use these to log into Online Banking mediums and create your password. You can then start using your account immediately and enjoy various digital services offered by the bank.

You will receive your Debit Card within 15 to 25 days. Some banks also allow you to avail of cardless cash withdrawals when you open an Insta Account with them.

Arjit Chalmela is a finance student who loves to write in his free time. He has spent considerable time researching the foreign exchange rate.