In the Digital era, Most of the private banks to open a savings account takes minimum of seven days and to open a account must the account holder need a cheque of another bank.
Now Coming into the problem deeply most of the private banks open the account after completion of verification of KYC documents properly and open the account. To complete this process they will take a minimum of 2-3 days after they initiated the printing then postage customer receives and activate after ten days.
Recently some banks are started to overcome this late they started instant account opening using E KYC process. Compared to PSU’s with these banks they are opened very quickly of 15-30 minutes with no other bank cheque, and low minimum balance.
I personally prefer open a new account in PSU banks is best option.