What is a Savings Account: A savings account is a type of account offered by banks that gives you a safe place to store your money and often earns compounding interest. Most banks today offer different types of savings account to cater to different needs. Also, it has become quite easy to open an account and manage financial transactions through it. There is a minimum balance amount that needs to be maintained in the account. The interest rate and service charges differ from bank to bank. There are schemes wherein the withdrawals have a monthly limit.
ICICI Bank savings accounts come with many unique features:
- Operate the savings account with ease and accessibility through Mobile Banking
- 24×7 Banking possible with Internet Banking facility – transfer funds, pay bills, shop, book movie tickets/travel arrangements
- Self-service branches offer Touch Banking that are available on Sunday as well
- Financial Planning & Investments can be done easily for Public Provident Fund, Atal Pension Yojana and My Money
- ICICI Bank offers the option of choosing your own account number to cherish special moments like wedding anniversary, birthdays, graduation etc.
- A systematic saving option allows us to invest in a specific time period to save up for a special purchase, holiday, gadgets and the like.
- Personalized debit card with your choice of image on it
To open the savings account online in ICICI, you have to follow these steps:
- First, visit the official website of ICICI.
- Go to Savings Account option and select the option ‘Apply Now’.
- Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
- Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
- ICICI’s executive will verify all the submitted documents.
- After the successful verification of your documents, ICICI will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
- Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.