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  How to Open a Savings Bank Account in India: Step-by-Step Guidance Opening a savings bank account in India is one of the first and most important financial steps for managing your money safely. A savings account allows you to deposit money, withdraw cash, receive payments, earn interest, and use online banking services . Today, most banks in India have made the process simple and user-friendly. How to open a savings bank account in India , both online and offline, in a step-by-step manner. What Is a Savings Bank Account? A savings bank account is a basic bank account meant for individuals to save money securely while earning interest. It also allows easy access to funds through debit cards , ATMs , mobile banking , and internet banking . Savings accounts are suitable for students, salaried employees, business owners, and even senior citizens. Types of Savings Accounts in India Banks in India offer different types of savings accounts depending on customer needs. These inclu...

Opening a bank account online is legal when you follow the official process set by banks and government rules . Banks must verify your identity, which is called KYC (Know Your Customer) . This is required by law. Step 1: Apply Only Through Official Bank Sources Always use: The official bank website The official mobile app from Play Store or App Store Never use third-party links, agents, or unknown websites. Applying through official sources makes the process legal and secure. Step 2: Use Your Own Genuine Details You must enter: Your real name (as per ID) Correct date of birth Valid mobile number True address Using fake or someone else’s details is illegal and can lead to account closure. Step 3: Complete KYC Verification (Mandatory by Law) Banks are legally required to verify your identity. Online KYC is done in two common ways: OTP-based KYC using Aadhaar or registered mobile number Video KYC , where you show your face and original ID on camera...