With digital banking taking center stage, most banks have shifted to an online bank account opening process. It not only saves time but also helps banking professionals manage bank account applications with convenience. Several banks and financial institutions in India allow account opening within a day. Let’s look at the banks that enable you to open a bank account within hours.
Banks that allow bank account opening in a day
Several banks in India allow bank account opening, whether online or offline, within a day. Here are the banks that allow bank account opening in a day.
- IDFC FIRST Bank
IDFC FIRST Bank offers comprehensive banking products and services, from savings and current accounts to deposits and investment schemes. You can reach out to the bank online and offline and open a bank account within a day.
If you opt for an online mode via net banking or IDFC FIRST Bank mobile app, the bank opens your account within a few minutes with online documentation and video KYC. Once you have opened your account using IDFC FIRST Bank mobile app, you will receive the welcome kit within seven working days.
- HDFC Bank
Known for its range of financial products in personal, business and corporate banking.The bank provides numerous online and offline channels to open a bank account. With HDFC Bank, you can open your account within a day.
You can apply for an online account by visiting the bank’s website or offline through an in-person visit to a local branch. Using HDFC Bank mobile application, you can also open a savings account within minutes.
- ICICI Bank
Opening an online savings account with ICICI Bank is quick, taking a few minutes through an online application. You must visit the bank’s official website or download the ICICI mobile banking app from the Play Store or App Store.
- Axis Bank
To open an account with Axis Bank, you can visit the nearest branch and apply for a savings account or log in to the official website and apply online. With an online application, you can open a savings account through video KYC and online document verification.
Once your account gets approved, you can start transacting while the bank sends your welcome kit within pre-defined time span.
- Kotak Mahindra Bank
Kotak Mahindra Bank allows account opening in a day to ease the account opening further. Moreover, if you are applying online, Kotak 811 digital account can be opened online by following a few simple steps using the mobile app or visiting the official website.
Banks and financial institutions focus on providing bespoke services to customers through various financial products and services. Online savings accounts are one such product that can be opened within minutes, easing the application, verification, and account approval process.