Question

What are the documents required for opening a bank account?

Answer 1

Anyone can visit bank to open an account. There are simple steps that have to follow for opening a bank account.

Types of Bank Account -

1. Current Account : Its main feature is that you can deposit and withdraw the money as much as you require. There is no limit on the deposit and withdraw of money and you can use it at any time. But, you do not get interest if you deposit money in this account. It is suitable to open a big business.

2. Saving Account : If you want to save your money, or want to use it for saving an amount from your salary, then you can make the use of Saving Account. Fixed Deposit (FD) is also beneficial. It is good for a regular use and you get interest on saving money in this account.

 

What you need to open an account ?

1. Take a account-opening form from the bank where you want to open an account.

2. You will need an ID proof like passport, Aadhar card or any other to collect the form.

3. Fill the necessary details like Name, Father name, address and whatever is mentioned in the form.

4. Also check either there is ATM form attached in it or not. Apply for it also.

5. If you need cheque book, then you can mark tick on the cheque book option.

6. After feeling the form, you need these documents,

a. Two passport size photographs & paste it on the required space in form.

b. Aadhar card as an identity proof and attest it.

c. PAN card, if you do not link PAN card, then you will face problems in depositing and withdrawing the money above than 50,000 rupees

7. Attach the photocopy of these documents with account-opening form.

8. Deposit the form in the bank and along with it you have to deposit a minimum of 500 rupees. 

9. You will get the account no. where you can deposit the money.

10. It will take 2-3 days to open account after filling the form.

 

Things you get after opening an account :

1. Passbook - Where you get all the bank details

2. ATM - You can deposit and withdraw money at any time wheneven in need with the help of ATM.

3. Cheque Book - You can make the use of Cheque book when you have to make the high amount payments.