How to Open a Bank Account from Home: Simple Steps and Online Options

Opening a bank account has never been more convenient. Thanks to the advancements in technology, individuals can now establish a savings or checking account right from the comfort of their home. Gone are the days when you needed to visit a physical branch and fill out numerous forms. This article will guide you through the process of opening an online bank account and highlight key steps and features used by leading banks.

Steps to Open a Bank Account Online

Follow these simple steps to open a bank account online:

Step 1: Visit the Bank's Website or Mobile Application

The first step is to visit the official website or download the mobile application of the bank from which you want to open an online account. This can be done from any internet-enabled device such as a laptop, tablet, or smartphone.

Step 2: Navigate to the ‘Savings Account’ Section

Once you have accessed the bank’s platform, look for the section specific to savings accounts. This section usually appears prominently on the homepage and in the menu options.

Step 3: Fill in Your Details

You will be prompted to fill in several details, including your name, address, date of birth, and nominee details if applicable. Ensure that the information you provide is accurate and up-to-date.

Step 4: Authorize Your Identifying Documents

To verify your identity, you may need to authorize your Aadhar card or upload a scanned copy of it. Additionally, some banks may require you to complete a video KYC (Know Your Customer) procedure.

Step 5: Complete Video KYC Procedure and Make a Deposit

Once your identity is confirmed, you may be asked to complete a video KYC procedure, which can be done through a video call. After that, you might be required to make a small deposit as part of the account validation process.

Step 6: Final Verification and Activation

The bank will review your application and activate your account. You will receive an email or a notification confirming that your account has been set up and activated.

Additional Services for Home-Bound Individuals

For those who find it particularly difficult to visit a physical branch, some banks offer the convenience of sending a representative to open your bank account at your home. This service is available based on specific criteria such as the branch location, the age of the applicant, or any disabilities or other issues. Always check with your bank to see if this service is available.

Special Features of Opening a Saving Bank Account in SBI

SBI, one of the leading banks in India, offers an Insta Plus Savings Account that can be opened through video KYC. Here are the steps to open your account:

Step 1: Download the YONO App

Download the SBI YONO app from the app store or Google Play Store.

Step 2: Navigate to the Savings Account Section

In the YONO app, click on ‘New in SBI – Open Savings Account’ and then select ‘Without Branch Visit’.

Step 3: Enter Your Personal Details

Enter your PAN and Aadhaar details and any other relevant information.

Step 4: Verify Your Identity

Enter the OTP sent to your Aadhaar registered mobile number to complete the authentication process.

Step 5: Schedule a Video Call

Once verified, schedule a video call with an SBI representative to complete the account opening process.

Features of the SBI Insta Plus Savings Account

Paperless account opening with no visit to a branch needed. No physical documents required (Aadhaar and PAN only). 24/7 banking access through the YONO app, internet banking, and mobile banking. Transfer funds using NEFT, IMPS, UPI, etc., through the YONO app or online SBI (Internet Banking). Rupay Classic card will be issued for the account. SMS alerts and missed call facilities available. Account nomination is optional but highly recommended. No cheque book will be issued for this account. Debit, voucher, and signature-based services are not allowed in the branch. However, a cheque book can be issued if the customer visits the home branch and updates their signature. Passbooks can be requested if needed. There are no additional charges for most services, as the account is considered a regular savings bank account.

For other banks, you can follow similar steps on their respective websites and mobile applications. Always check the specific details and requirements for each bank.

By following these steps, you can easily open a bank account from the comfort of your home. Whether you use a leading bank like SBI or another financial institution, the process is straightforward and can provide you with the convenience and security you need.