4 Banks Offering Online Saving Account Opening Facility In India

It is essential to earn and secure our future financially. People spend money to fulfil their desires and demands such as buying a house, a car, some gold and invest it in several financial products with secured and guaranteed returns. A penny saved today equals a penny earned for the future. It helps meet all emergency expenses and keep the funds safe and secure in bank accounts.

A savings account is the most remarkable financial product offered by several banks in India for customers to deposit their hard-earned money and relieve them from the burden of carrying it everywhere. They can also withdraw funds anytime and anywhere without any hassle from the ATM using the debit card linked to the account. The interest also gets deposited in it.

With so many options to open a bank account, it becomes challenging to choose which one of them is preferable. There are so many factors that determine the suitability, such as the interest rates offered, services, facilities, and much more. In India, multiple banks are offering various schemes to their customers to promote the habit of saving and investing. Here are popular ones offering this facility:

1. State Bank of India (SBI): It provides a wide range of banking products to the customers and is the largest bank in India. SBI saving bank account is one of the popular products in which individuals can deposit their money safely. When it comes to interest rates, the account offers exciting rates.
   
   
2. DBS Bank: It operates solely online. Opening an online savings account gives you higher interest rates as well. Download the app on the smartphone and fill the required details. With interest rate competitive, customers also get welcome benefits like INR 150 cashback on adding INR 10,000 in the bank account or spending INR 3,000 on the debit card.
   
   
3. Kotak Mahindra Bank: It has an extended range of facilities to help customers manage their money efficiently. They offer a fixed rate of interest on balance above INR 1 lakh. There are no transaction or monthly account fees to pay while opening an offline or online bank account. Individuals can choose an account that meets their needs from a range of options such as 811 Digital Bank Account, Edge Account, Sanman Account, Classic Bank Account, etc.
   
   
4. RBL Bank: It is one of the leading private banks of India that provides a wide range of banking products, including a mobile banking app. Customers can access the banking facilities from any corner of the world at any time. They also get higher interest rates along with zero balance facility.