A savings bank account is every individual’s banking necessity in today’s times. It is a means for ensuring the safety of one’s savings and the minimisation of cash transactions.
Opening a bank account with any bank used to require an introduction by an existing bank account holder in the past; this was replaced by the furnishing of KYC documents. Further, it is replaced by PAN number and Aadhaar-based authentication in the current times.
Almost all banks have come up with online platforms for opening instant Savings Accounts, the paperless way. With digitisation coming in, online banking is a new way of life. So, let’s find out the step-by-step process for opening online accounts in the top banks in India below.
HDFC Bank Savings Account:
An HDFC Savings Account can be opened online by logging into the bank’s official website.
Select Savings Account under Products Menu.
Next, select the type of Savings Account you want to apply for. HDFC Bank has a variety of Savings Bank Account options like Savings Max Account, Women’s Savings Account, Senior Savings Account, Family Savings Group Account, and many more.
Select if you are a new or an existing customer before proceeding.
Make sure you fill out the Application Form completely.
Attach documents furnishing the KYC details.
Now you can press the Apply tab.
The online application will be followed by a verification process whereby representatives from the bank will visit your residence.
Once the verification process is complete, you will receive the welcome kit. Cheque book, ATM card, and PIN details would be a part of the kit.
The application status can be tracked online. The account would be activated once all the formalities are complete.
The customer may then proceed with online transactions and use other banking facilities.
Axis Bank Savings Account:
You can apply for a Savings Account online by visiting Axis Bank’s website or portal.
Select ‘Savings Account’ and choose the best match account for yourself.
Next, thoroughly fill out the application.
Now submit proof of identity, proof of address, PAN Card, and passport-size photographs to comply with the KYC process.
An account will be opened online, subject to verification of documents and authentication of details.
Axis Bank Call Centre may be contacted in case one faces any issues at the time of online application.
An initial amount may have to be transferred to meet the minimum balance requirements of the bank.
On successful completion of all formalities, the online account shall be activated. Cheque book, ATM Card, and other relevant documents will be sent across for initiating banking transactions.
Next, share the contact details. Contact details entered are verified using OTP.
On successful verification of contact details, the user's login ID and password need to be set up for accessing the account.
Once the app is opened, one needs to tap on the start button and select “Open E-Wallet” and then get started with the usage of the virtual Debit Card.
“Open Digibank Savings” is to be pressed once the account is created.
Enter AadhaarCard details to complete the Aadhaar authentication process.
Enter PAN card details.
Details like occupational status, income source details, salary range, estimated financial assets owned, nominee selection, and other personal details need to be entered.
This sets the platform for online paperless verification.
The reference number so generated will have to be shared on a helpline number through text message to enable tracing an agent close to you. This is required for enabling biometric verification of the customer.
The account stands activated on successful completion of verification.
RBL Bank or Ratnakar Bank:
The first step requires selecting the option of Savings Account by accessing the official portal of RBL Bank.
Share your contact number, e-mail ID, Aadhaar number, and PAN number. The contact number is verified by sending the OTP.
This is followed by personal details and another round of authentication based on OTP that is sent to the registered mobile number.
An account may be opened subject to verification on the basis of the above details.
There is also an option to select the account number according to one’s own choice.
Minimum amount to be transferred and an average monthly balance of Rs. 5,000 needs to be maintained.
The account offers an array of online banking services once the account is operational.
State Bank of India:
You can open an SBI account by visiting the bank’s official website.
To open the account, select “Savings account” and press “apply now.”
Fill the application form.
Share personal details like name, date of birth, address, etc., and financial details like salary, net assets held, etc.
Next, fill in the KYC details. There would be an option to visit the nearest SBI branch to submit the said documents. This step may be skipped with Aadhaar-based authentication. However, the choice for the same depends on the type of Savings Account chosen by you.
Once verification for all of the above is complete, the account will be activated in a few days.
The account may be accessed online through the Internet and mobile banking post activation.
Updated On May 5, 2026
Written By
Written By Reshma RawatAssistant Content ManagerCredit Cards, Credit Score, Personal Loan, Home Loan, etc.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
