Requirements for Opening a Bank Account in India

It is not difficult in applying a bank account in India provided you have the complete documents and you know some basic procedures. You should choose first which bank will you open an account so that it will be easier for you to gather information.

When opening a bank account in India, there are some certain requirements that you should submit to the bank as a part of their procedure in knowing their customers. All banks require their clients to furnish these requirements when applying a savings, checking or any types of bank accounts.

Normally, it is not hard to open an account at your chosen bank as long as you have the enough money for initial deposit and the required documents for the application. You can see here the most typical requirements most banks are looking for.

Requirements for Opening a Bank Account

Usually, the common requirements in opening a bank account in India are the following. Certified true photocopies of the following supporting documents are required to be attached with the application form and the originals must be shown for validation.

1. For Proof of Identity requirements, you can prepare at least two of any of the following ID:

a. PAN card

b. Voter’s ID card

c. Passport where address differs in the application form

d. ID card of the current employer

e. Driver’s License

f. Government ID card

g. Photo ID card issued by Post Office

2. For validating the proof of address, you must bring any one of the following:

a. Electricity Bill

b. Income Tax

c. Credit card statement

d. Salary slip with address

e. Telephone Bill

f. Letter from a reputed employer

g. Bank Account Statement

h. Letter from any recognized public authority

i. Ration card

3. Two recent photographs with a size of 2.5 cm x 3.5 cm

In case of illiterate customers, left thumb impression should be affixed in the application form and verified by the attending bank employee. For opening of account of minors, where proof of identity and address is not available, the same information as the father, mother or legal guardian should be provided.

4. Initial deposit of your account

Basically, each bank has its own minimum initial deposit for opening a new bank account. Simply visit the website of the bank you want to apply to learn the lowest amount of money you can deposit.

Final Thoughts

If you are planning to open a bank account, make sure you ready and prepare all the needed documents and money before going to the bank of your choice to avoid delays. It is easy to get these requirements and usually it is always available like your IDs, proof of billing and cash deposit.

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