Is it Safe to Open a Savings Account Online (2024)

Among the many things that have made life easier in recent times, online banking is one. Whether it is checking account balance, money transfer, applying for loans or Credit Cards or starting investments etc.; with online banking, managing finances is easier and quicker than ever. And apart from these helpful features, today online banking has become so convenient that you can even open a Savings Account instantly by sitting at home.

That’s right! With just a few clicks and through a completely digital process, you can open a Savings Account with HDFC Bank at any time and from anywhere. But still, many people prefer the traditional process of visiting the bank for account opening as they're riddled with doubts about the new process.

So, let’s look at a few concerns that you might have and why you shouldn’t be worried about them:

Is digital Savings Account safe?

Opening a bank account requires you to enter personal information which might concern you about a possible safety or privacy breach. You will have to share your identity and address proof online along with a photograph. But with HDFC Bank’s robust safety protocols, you are guaranteed a safe and efficient experience. Since you don’t have to log in on a third-party app or website, you can rest assured that the process is 100% safe.

Is it a complicated process?

The process of opening a Savings Account online is user-friendly and can be completed in a few simple steps and won’t take you more than 10 minutes. Just open the InstaAccount website and app, enter your details, choose your preferences, upload necessary documents, and you are ready. The instructions are easy to follow, and the contactless video KYC makes it even quick and convenient. And as stated above, it is a safe and secure process.

What is the eligibility criteria?

Any Indian resident 18 years of age, who does not have an existing HDFC Bank Savings or Salary account can open an online Savings Account.

How do I make sure I open the right account?

Pick an account that best suits your financial goals, lifestyle and spending habits. HDFC Bank has a range of options to choose from such as Women’s Savings account, Senior Citizen’s Account, Kids Advantage Account and many more.You might feel confused with such a wide variety at first, but you can call the HDFC Bank helpline or access the Eva chatbot on the official website to clear any doubts that you might have.

Access instant account opening

You can open an HDFC Bank Savings Account online via InstaAccount website or app in four simple steps:

  1. Enter your details according to Aadhaar

  2. Validate your details with OTP

  3. Fill other account-related information

  4. Submit
    ​​​​​​​

And voila! You are the owner of a brand-new Savings Account without stepping out of your house.
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The process of opening aSavings Accountonline is user-friendly and can be completed in a few simple steps and won’t take you more than 10 minutes. Just open the InstaAccount website and app, enter your details, choose your preferences, upload necessary documents, and you are ready. The instructions are easy to follow, and the contactless video KYC makes it even quick and convenient. And as stated above, it is a safe and secure process.

So, start banking withIndia's No.1 Bank* by opening aSavings Accountnow.

Click here to open a Savings Account.

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circ*mstances.

Is it Safe to Open a Savings Account Online (2024)
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