The 5 steps in opening a current account
IDFC Bank has an easy online account opening process for all its accounts. We list the steps involved in opening a current account with the bank.
The world of business has evolved to a high extent in today’s time. Many operations are now automated, and financial processes are handled over the Internet by many companies. It is now commonplace for companies to conduct all financial transactions online, whether it is settling vendor payments or accepting payments from abroad.
A major portion of your company’s financial performance can be attributed to how you maintain and service your business’ current account. The current account holds the company’s reserves, and it is used to transact on a daily basis. Having a good current account is key to maintaining a good credit history, and overall robust financial health for your business.
The current account can now be opened online as well as offline. Leading banks in the country have devised ways for customers to leverage the digital medium and access their products and services online. Banks are now making it possible even to open accounts (savings and business), deposits (fixed and recurring) and also make investments online without signing any paperwork.
IDFC Bank offers these functionalities and makes it really easy to open a current account online.
Opening a current account online with IDFC Bank
You can open a current account with IDFC Bank by going to the bank branch and filling out the relevant paperwork. But the process is much simpler online. Consider the 5 steps in opening a current account online with IDFC Bank:
#1 Locate the words ‘Current account’ on the IDFC Bank homepage. Click on it to find a current account opening form and a current account eligibility calculator.
#2 Once you have found your account eligibility, proceed to fill out the account opening form. Input the details asked: Name, Designation, City of operation, Product you wish to apply for (Select ‘Current Account’), Email ID, and Mobile number.
#3 The information in the account opening form is now processed and the bank confirms your application. The bank sends an email and SMS alert to confirm the application, and an OTP on your phone to input in the space provided on the web page.
#4 After you send the OTP, the bank sends you a detailed account opening form on your email. Fill it up and attach the (self-attested) supporting documents. After uploading the form and documents as directed, the bank sends you a token number to track your application.
#5 Within a few days, the bank verifies the application and checks your documents. It now approves the current account online opening request. After this, the bank sends a welcome kit to your postal address. You can now operate the current account.
