Introduction
Two types of accounts are opened in banks, savings account and current account. Savings account, as the name suggests, is opened for savings and for small transactions. Savings account is opened for big transactions and business. It is not allowed to be used for bank account, also you get less limit for cash deposit and cash withdrawal in savings account and the second one is current account in which you get higher limits, you can do unlimited transactions and you can also use it for business.
Opening a Zero Balance Current Account
The process of opening a current account is a bit difficult and at the same time you have to maintain a huge amount and in most banks you have to open a current account by going to the branch, but in today’s Article I will tell you a I am going to tell you about such a zero balance current account which you can open from your mobile phone sitting at home and in this you will also get a debit card and check book absolutely free and this is a bank current account which is a zero balance account. You can open it from your mobile phone sitting at home, the complete process so let’s start.
Step-by-Step Guide to Opening a Zero Balance Current Account
- Visit AU Bank’s Website
To open a zero balance current account in AU Bank, you will have to come to Given page link page, its link - Choose Account Type
In this you will choose the account type Individual or Sole Proprietorship. If you want to open an account in the name of your business, then you will select Sole Proprietorship here. For this, it is mandatory for you to have a GST number and if you want to open an account in your name. If so, you will select Individual. - Enter Personal Details
To open an Individual Current Account, you should have only PAN card and Aadhar card. In this, you will enter your PAN card number. Below, enter your mobile number. The mobile number which is linked with the Aadhar card is the same you will get here. You have to enter your Aadhaar card number below, enter the PIN code, accept the terms, after this, click on Initiate Aadhaar e-KYC, an OTP will be sent, enter the OTP here, after this, choose the account variant, which account you want to open. In this you will select AU Current Account Digital, what all you need with this account like Check Book, Debit Card, POS Machine and QR Code, you will get it absolutely free with this account, so you will tick these. After this, proceed, it will take your name and address from Aadhar card. - Fill Additional Information
Below you will enter your email ID, father name and mother name, select marital status and education. If you want to add a nominee, then enable it for whom you want to make nominee. You will fill its details like date of birth, relation name and contact number. If you want, you can add nominee later also, for this you will disable it, after that save and proceed. - Provide Income Details
After this, you will fill your income details like choose your profession category. You will choose the profession type, in which industry you work, select all the industries, your annual income here, after this Save and Proceed, your address in the Aadhar card will become your permanent address. To make it the mailing address, you will tick it. The address on the Aadhar card will become your mailing address. The debit card and check book from the bank will be delivered to this address. You will save and proceed. - Choose Branch
After this, you will choose the branch in which you want to open the account. The number on your PIN code will be Branches are also available, all of them will appear in front of you in which you have to open an account, you will select it, in this way the FSC code and address of the branch will appear in front of you, click on proceed, after this you will have to give declaration, you will keep all these after this. Save and Proceed, after this the complete application will appear in front of you. You can see all the details you have filled here. Scroll down and check all the details here. After this, Save and Proceed. - Complete Video KYC
If you want, you can transfer it to any other bank account. You can add funds in it from Rs. 5, 10,000. Whatever you want to add, you can add from here but it is not mandatory, so we will skip it here. Click on Skip to V KYC. After this you will have to complete the video KYC. So for this you should have the original PAN card and a blank paper. At the time of video KYC, there should not be anyone else in the camera frame with you nor should anyone’s voice be heard from behind guiding you, otherwise your video KYC will be rejected. To start Video KYC, you will click on Initiate Video Call. An agent from Ey Bank will connect with you on video call. The agent has been connected. Above you can see the name of the agent and below from here you can chat with the agent. After this, the video call will start. On the video call, the agent will see your original PAN card, will get you to sign on a blank paper and will also ask you some questions, after this your video KYC will be completed.
Conclusion
As soon as the video KYC is completed, your account will be activated. And you can use it wherever you want, after this the check book, debit card and QR code will be delivered to your address by post. By logging in to the bank application, you can manage your account, so in this way you can manage your account online. You can open balance current account.