How to Open account in Bandhan Bank Online

How to Open account in Bandhan Bank Online – Bandhan Bank, one of India’s leading private sector banks, offers a seamless and user-friendly process for opening a savings account online. This digital approach is designed to provide convenience, speed, and security, allowing customers to start their banking journey from the comfort of their homes. This article outlines the step-by-step process for opening a savings account with Bandhan Bank online and addresses frequently asked questions (FAQs) to guide potential customers.

How to Open account in Bandhan Bank Online – Online Account Opening Process

Bandhan Bank provides a straightforward method to open a savings account through its official website or mobile app. Below are the steps to open a savings account online:

1. Visit the Official Website or Mobile App:
   Go to the Bandhan Bank website (www.bandhanbank.com) or download the mBandhan app from the Google Play Store or Apple App Store.

2. Select the Savings Account Option:
   On the website, navigate to the “Products” section and select “Savings Accounts.” Choose the type of account that suits your needs, such as Standard Savings Account, Premium Savings Account, or Basic Savings Bank Deposit Account (BSBDA). Alternatively, in the mBandhan app, select the option to open a new account.

3. Fill in the Application Form:
   Click on the “Apply Now” button. You will be prompted to enter basic details such as your full name, mobile number, email address, city, and PIN code. Ensure that the mobile number is linked to your Aadhaar card for verification purposes.

4. Complete KYC Verification:
   Bandhan Bank offers a digital KYC process using Aadhaar-based e-KYC. Enter your Aadhaar number and verify it with the One-Time Password (OTP) sent to your registered mobile number. Alternatively, you may need to upload scanned copies of identity and address proof documents (e.g., PAN card, Aadhaar card, passport, or voter ID).

5. Submit Additional Details:
   Provide additional information such as PAN number, nominee details, and other personal details as required. You may also need to specify your preferred branch for account management.

6. Verification by Bank Representative:
   After submitting the online form, a Bandhan Bank representative will contact you to confirm the details and guide you through the next steps. In some cases, you may need to visit the nearest branch to submit physical copies of your documents for final verification.

7. Receive Starter Kit:
   Once the verification process is complete, the bank will issue a starter kit, including a debit card, chequebook (if requested), and account details. You can start using your savings account immediately after activation.

Key Features of Bandhan Bank Savings Accounts

• Attractive Interest Rates: Earn up to 6% per annum on balances above ₹10 lakh and up to ₹2 crore, 5% on balances between ₹1 lakh and ₹10 lakh, and 3% on balances up to ₹1 lakh.

• Zero Balance Accounts: Options like the Basic Savings Bank Deposit Account (BSBDA) require no minimum balance, ideal for those with limited documentation.

• Digital Banking Services: Access to internet banking, mobile banking, and a free debit card for seamless transactions.

• Additional Benefits: Free passbook, chequebook (on request), and fund transfers via NEFT/RTGS/IMPS with no charges for certain accounts.

Documents Required

To open a savings account, you need to provide the following documents:

• Identity Proof: PAN card, Aadhaar card, passport, voter ID, or driving license.

• Address Proof: Aadhaar card, passport, utility bill, or property tax bill.

• Photographs: Recent passport-size photographs.

• Additional Documents: For specific accounts (e.g., HUF or business accounts), additional documents like an HUF letter or business proof may be required.

For accounts like the BSBDA-Small, customers can open an account with minimal documentation and submit complete KYC documents within 12 months.

Frequently Asked Questions (FAQs)

1. What types of savings accounts does Bandhan Bank offer?
   Bandhan Bank offers various savings accounts, including Standard Savings Account, Premium Savings Account, Advantage Savings Account, Sanchay Savings Account, Special Savings Account (for differently-abled individuals), and Basic Savings Bank Deposit Account (BSBDA) for zero-balance banking.

2. Can I open a Bandhan Bank savings account online without visiting a branch?
   Yes, you can initiate the account opening process online using Aadhaar-based e-KYC. However, in some cases, you may need to visit a branch for final document verification.

3. What is the minimum balance required for a Bandhan Bank savings account?
   The minimum balance varies by account type. For example, the Standard Savings Account requires ₹5,000, while the BSBDA requires no minimum balance.

4. What documents are needed to open a savings account?
   You need identity proof (e.g., PAN card, Aadhaar), address proof (e.g., Aadhaar, passport), and recent passport-size photographs. A single document like Aadhaar or passport can serve as both identity and address proof.

5. How long does it take to open a Bandhan Bank savings account online?
   The online application process is quick, but complete account activation may take 2-7 days, depending on document verification and branch processing.

6. Can I open a zero-balance account with Bandhan Bank?
   Yes, the Basic Savings Bank Deposit Account (BSBDA) and BSBDA-Small are zero-balance accounts designed for inclusive banking.

7. Is Aadhaar mandatory for opening a savings account?
   Aadhaar is preferred for e-KYC, but you can use other documents like a passport or voter ID if Aadhaar is unavailable. For BSBDA-Small accounts, minimal documentation is accepted initially.

8. What happens if I don’t use my savings account for a long time?
   If your account remains inactive for over two years, it will be classified as a “Dormant Account.” You cannot use ATM or net banking services until you reactivate it by contacting the bank.

9. Can I set up standing instructions on my Bandhan Bank savings account?
   Yes, standing instructions are available for most savings accounts, including the Standard Savings Account and BSBDA-Small.

10. How can I check the status of my account application?
    You can contact the bank’s customer care or visit the nearest branch with your application reference number. Alternatively, a bank representative will update you during the process.

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Also visit : https://bandhanbank.com/personal/savings-accounts