Gone are the days when you had to visit the bank to open a savings account. It is the age of online savings accounts that you can open from the comforts from your home.
ICICI Bank has introduced Insta Save Account that customers can instantly open an account online through their PAN and Aadhaar number.
In this article, we will explain everything about this online savings and how you can open one.
Any individual customer above 18 years of age can open this online savings account.
The bank account is only available for Indian individuals and people who won’t have any existing relationship with the bank. So if you already have an ICICI Bank’s salary account or savings account, you won’t be able to open the Insta Save.
There are two variants of Insta Save Account:
You can open ICICI Bank’s Insta Save account instantly through your PAN and Aadhaar number. You can open an Insta Save FD for a minimum amount of Rs. 10,000 for 12 months when opening the instant savings account.
Click here to start the account opening journey.
You will now find the option to open ‘Insta Save account’ and ‘Insta Save FD’ account.
Now an online account opening form will come out.
Select your gender, age, marital status, occupation, education, income range, residential status and click on ‘continue’.
Enter your mobile number, email id, PAN card number. Click on ‘Continue’
Add the OTP sent to your mobile number
Enter your Aadhaar number and click on ‘Proceed’. Enter the OTP received on your Aadhaar number
The details fetched from UIDAI database will be shown in the next step. In this stage, add your nominee details.
If your communication address is different from your Aadhaar address, you can add your communication address details. Check the box to declare that you are an Indian citizen.
In the next step, you can find the details that you have filled up.
Accept the terms and conditions and provide online account opening consent.
Fund your account and your account will be successfully created.
After you complete the online form, you can opt for the video KYC process and convert your account into a full-fledged savings account. Click here to know how to open a ICICI Bank account through Video KYC.
After you open the account, you can save a maximum of Rs.1 lakh. However, once you complete the KYC verification, there is no maximum limit that you can save. Bank official will visit you to complete the KYC verification.
After you open the Insta Save account, a bank representative will call you to set up the Full KYC appointment according to your convenience. The KYC process will take place through the biometric KYC verification. If you opened the account through video KYC, your account is a full KYC account and you don’t need to set any appointment.
Related Articles:
Tags: icici insta save account, icici bank insta save FD account