Since its inception, the Aadhaar card and the PAN card have become integral to our lives. We would require either of them in almost every one of our ventures. When it comes to the comparison between these two, the Aadhar card is required in most of the tasks today.
From getting a new SIM card for your mobile device to opening an online bank account, there are many uses for an Aadhaar card. Yes, you heard it right! You can open a bank account with an Aadhaar card.
In this blog, we will take you through the journey to find out how you can open account with Aadhaar. But before we take a deep dive into that, let us find out what a savings account is.
What is a savings account?
A savings account is an account in a bank where you may deposit the extra income simultaneously while getting the interest based on the interest rate. This interest rate is actually earned automatically in your account each year on a quarterly basis.
It goes without saying that there are a lot of benefits to a savings account. However, the biggest benefit is that a savings account is the key to manage your finances efficiently and effortlessly.
Nowadays, you no longer have to wait for a long time in line to open a savings account. Now, everything is done online, and you can open a savings account online in a matter of seconds.
How can you open a savings account with an Aadhaar card?
Opening a bank account has just become easier. And all thanks go to e-verification through your aadhar card. These days, all you need is an aadhar and PAN card to open your bank account. Visit the IDFC FIRST Bank website and start the process today! Here are the steps you need to follow in order to open a bank account online:
- First, you need to go to the application page through the website or the bank app.
- After that, you must provide your mobile number registered with the email ID, Aadhaar card, and PAN card along with the 12-digit Aadhaar number/16-digit virtual I.D.
- As soon as you provide that, you will be directed to a screen where it will ask for your OTP. Make sure you correctly put that at OTP to verify with your aadhar card.
- After that, the process gets easier. Now, you are required to provide your professional and personal details.
- Following that, you must decide which type of savings account you want to open.
- After that, you are required to complete the video-KYC to remove any restrictions on transactions.
- Last but not least, you are required to fund your account online, and you may enjoy the interest rate. Ensure you have used the savings account interest rate calculator to know how much interest you will earn over a period of time.
Wrapping Up
These days, opening a bank account has been made easy. Thanks to the technical innovations, you can open a savings account from the comfort of your couch in a matter of seconds.
