Since the inception of the Digital India initiative almost a decade ago, Indians have increasingly relied on digital payments. However, a bank account is necessary to facilitate digital payments. As a result, by 2021, 78% of Indians had bank accounts. You too can now open your bank account hassle-free, both physically and digitally. But before that, you should know that there are different types of bank accounts serving a variety of purposes. If you want to build wealth gradually, consider opening a savings account. So without more ado, let’s dive into everything you need to know about opening a bank account.