Banking has become so easy, that you can do it from anywhere at any time. Even a business account holder now has the flexibility of any time banking.
Till a decade ago, nobody could have envisioned the kind of growth that Indian banking shows today. Banking is in a healthy space now, with the proliferation of the Internet and with increased numbers of Indians having access to digital devices.
The best part is, you can do personal or business banking at your own pace - whether during your morning commute, or late at night after dinner, or even during your coffee break.
Bank at any time
Online banking offers you the luxury of banking at your convenience, using the digital device of your choice. Everything is possible with Internet banking - using a mobile phone or a laptop, whether accessing your savings account or a current account, whether shopping online or filing your taxes – due to the ease and immediacy it offers.
Your coffee break is the best time to check your business finances
Arm yourself with a strong cuppa and take stock of your online current account. You are less likely to be disturbed during your coffee break time, and you can focus on the task at hand.
You can check your account balance, look up options to make investments in the company’s name, buy insurance or mutual funds, or even settle vendor payments via electronic transfer. If you have any queries about banking services or new products, you can raise them during this time. The best part is, if you are the signatory for the online current account, then you can bank from anywhere and any time using your mobile phone as well. Just download your bank’s app on your phone to transact.
How to open the online current account
Leading banks in India have fully digitised the current account opening process. You do not need to fill out any physical paperwork, nor do you need to go to the bank branch to submit the application form.
- Log on to your bank’s portal and look for ‘Current Accounts’. Study the current accounts being offered, your company’s current account eligibility, and the current account charges that the bank levies.
- The bank will offer you a preliminary form seeking particulars about the company. After you fill out this form and enter the OTP provided on your mobile phone, the bank takes the process forward after a preliminary check.
- The online current account opening process now starts in earnest – you are sent an application form on your email ID, along with a list of requisite documents (company registration, Sales Tax certificate, Professional Tax certificate, PAN, proprietor’s Aadhaar credentials, etc.) to be attached.
- Once you fill out the form and attach the self-attested and stamped documents, you can send the entire lot to the bank online.
- After this, the bank processes the application and verifies the documentation with physical checks. Once approved, it informs you about the account approval.
You can now start using the online current account. The bank’s entire products and services suite is available for use online.