GUIDESBANKING
Opening a Bank Account Online Made Easy with Digital Banking
4 MIN • 
LAST EDITED BY SHEFAALI BOPANA ON APRIL 22, 2025.
LAST EDITED BY SHEFAALI BOPANA ON APRIL 22, 2025.
GUIDES LAST EDITED BY SHEFAALI BOPANA ON APRIL 22, 2025.
Everyone is familiar with the convenience of ordering food and groceries online. Then, why not start your savings journey online too? Opening a zero balance digital bank account online doesn’t just save you from long queues. It brings you add-on perks like cashback rewards, personalised features, virtual debit cards and many more - features not available on traditional banking platforms.
With the evolution of the banking ecosystem, switching to a digital bank account seems natural. If you don’t believe us, read on:
Digital bank account opening online takes less than 5 minutes. Here’s what you need to do:
Step 1: Choose a banking partner and visit their website.
Step 2: Select the right digital banking account from the listed variants.
Step 3: Enter your details like mobile number, email ID, Aadhaar and PAN Card numbers.
Step 4: Fill up the application form with relevant details and upload scanned copies of your KYC documents.
Step 5: Complete the video KYC verification process.
Step 6 : Set up net and mobile banking accounts and start transacting.
And enjoy unlimited ways of growing your savings with a digital bank account. From commission-free mutual fund investments, smart deposits, and goal-based savings to zero Forex VISA debit cards, opening a digital Federal Bank savings account online via the Fi app, Fi brings you maximum perks.
You can enjoy these perks today by downloading the Fi Money app and opening a digital bank account online with these steps:
Step 1: Sign-up on the Fi Money app with your email ID and mobile number.
Step 2: Choose one of the listed ways to verify your employment status.
Step 3: Verify your PAN and Aadhaar KYC details.
Step 4: Switch on your front camera and complete the short video KYC process.
From starting digital FDs to investing in stocks, digital bank accounts bring you more benefits against no/minimal costs. In a nutshell, they make banking simple, paperless, and lightning-fast!
And, when it comes to maximising your benefits as a working professional, Fi Money is a great place to start your financial journey. Opening a paperless savings account today brings you savings plus investment benefits. With features like Connected Accounts, Analyser, SIPs, US stock investment, automated payments, pre-approved instant loans, and much more, Fi Money helps you manage your savings while growing them.
To open a digital banking account, follow these steps:
Yes. Since digital bank accounts come under the purview of regular banks, your funds remain safe.
While your account is protected via passwords and two-factor verification codes, banks also constantly scan systems for security threats. Here’s a list of security measures banks implement:
No. You can open a digital bank account only with banks or financial institutions that offer this service. Here’s a list of a few such entities:
Since most digital banking accounts have minimal documentation requirements, you can open an account with only your Aadhaar and PAN Card.
