Savings Account: How Savings Accounts Have Changed

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There was a time when opening a Savings Account meant standing in long queues for hours before going through a seemingly endless array of documents. However, in today’s era of digitalisation innovations in banking have led to opening of Savings Accounts from the comfort of your home, anytime you want.

Opening a Savings Account

The cumbersome procedure of opening a Savings Account is now a thing of the past. With ICICI Bank’s Savings Account, you can access the complete range of over 350+ banking services from your home. With the aim to offer a truly modern and digital banking experience, the Insta Save Account by ICICI Bank is absolutely paperless and requires just Video KYC and Aadhaar authentication.

Let’s take a look at the changes brought in by the Savings Account:

Free from visiting any branch -

There was a time when most services were available only at the bank’s branch and visiting the branch was the only way out. But such facilities can be availed today directly from the Bank’s website.

If you have a regular bank account, there can still be certain services for which a branch visit is necessary. But with modern Digital Bank Accounts, you will not have to visit the branch for any account or banking needs. From emergency services like blocking a misplaced card to transactions like opening a bank account, you can take care of everything online with your Savings Account.

The facility of paperless banking -

An absolute lack of paperwork is one of the most evident differences between a conventional and a Savings Account. You can access all the physical documents through mobile and internet banking facilities. You can even complete signature updates from home if you have a good camera to get a clear picture of the signature on a white piece of paper. Your smartphone camera would suffice in this matter.

Use the Savings Account anywhere, anytime -

An account cannot be called truly digital if it keeps you restricted to one location. The new-age Savings Account can be accessed from anywhere as long as you are online. Such accounts provide a complete portfolio of services through internet and mobile banking, which means that you can access facilities round the clock and without any geographic restrictions.

Payment modes like UPI and Fund Transfer are also possible through the banking app on your phone. In addition to that, features like balance enquiry and account management can be done at any time. You just need to have a basic internet-enabled device.

Earning rewards for your Savings Account -

There was a time when Savings Accounts were just meant for saving money. But the modern customer wants an account that does not restrict itself only to such traditional needs. So your Digital Bank Account provides you exciting rewards and cashbacks on your spends. There are offers on shopping, travel, gadgets, dining and much more so you can earn while you spend. It also gives you Purchase Protection and Air Accident Insurance worth Rs 50,000.

It’s now time to open India’s most comprehensive Savings Account in an easy and hassle-free manner. Go ahead and open an ICICI Bank Insta Save Account right away.

T&C apply.

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