Online account opening of savings account has made it possible for individuals to open a savings account from the comfort of their homes. IDFC First Bank is one bank that offers online account opening to their customers. Customers can open IDFC First Bank Savings account online after completing the video KYC process. Account holders receive their Customer ID, account number and IFSC code over email and SMS. After the online account opening process is open, customers can download the bank’s mobile banking and carry out banking transactions from anywhere and at any time.
Here are the eligibility criteria and requirements that you need to keep in mind while opening an IDFC First Bank account online:
You don’t have to submit any physical documents as it is a completely paperless journey.
You will need your PAN number, Aadhaar number and Aadhaar registered mobile number, and valid email to open an IDFC First Savings Bank account online.
You can complete the entire account opening process from the comfort of your home. Keep your PAN and Aadhaar card handy before initiating the journey.
Here are the steps that you can follow to open the account:
Yes, you need a PAN card to open an IDFC First bank account online.
Video KYC is the process where you get on a video conference call with a bank agent to complete the KYC formalities. After the video KYC, your account is a full-fledged saving account with no limitations.
You will need your PAN and Aadhaar card to open IDFC First account online.
Yes, you need to maintain a minimum average balance of Rs.10,000 or Rs.25,000.
You don’t need to visit the bank branch to open IDFC First savings account online.