What are the documents required to open Indian bank account?

What are the documents required for bank account opening in Indian bank?

Proof of Identity:

Voter’s Identity Card. Driving license. Job card issued by NREGA duly signed by an officer of the State Government(For Small Accounts) The letter issued by UIDAI containing details of name, address, and Aadhaar number. Identity card (subject to the bank’s satisfaction)

Can I open zero balance account in Indian bank?

Indian Bank Basic Savings Bank Deposit Account (BSBDA)

Indian Bank zero account opening can be done by filling up the account opening form that can be downloaded. One can fill the form and submit it with the attested identification, address proof and few passport-sized photos.

How can I open a bank account in Indian bank?

Your filled in application form will be sent to your Mail ID. Please download, sign and submit the form with self attested copies of Aadhaar and Pan Card to branch to convert to Normal SB account. The original Aadhaar and Pan Card may be provided to the branch for verification only.

Is Aadhaar card enough for opening bank account?

It is not mandatory to furnish Aadhaar to open a bank account at present. In addition to the bank account, Indian residents can use the Aadhaar card as a proof of identity and address for getting a new SIM card as well. The Master Direction on Know Your Customer has been amended by the Reserve Bank of India.

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What are the 7 steps to open a bank account?

How to Open a Bank Account in 6 Easy Steps

  1. Select Your Bank Account Type.
  2. Choose the Right Bank For Your Account.
  3. Gather the Required Documentation.
  4. Complete the Application Process.
  5. Fund Your Bank Account.
  6. Start Using Your Bank Account.

How can I open a bank account without any documents?

Those who do not posses a valid identity or address proof, can still open a bank account known as ‘Small Account’ by submitting recent photograph and signature or thumb impression in the presence of the bank official. Thus, opening of a Small Account does not require any identity or address proof documents.

Is PAN card necessary for bank account?

PAN card is compulsory and is required for doing most financial transactions. The I-T department has made it mandatory to link your bank account with PAN. The main reason for this is that your income tax refunds will be credited directly to your bank account.

Can I open bank account without PAN card 2020?

Without them, you cannot open a bank savings account. Documents that you need to open a savings account in a bank are – your valid photo identification proof like Aadhaar card or PAN card, passport, driving license etc.

Which bank has no minimum balance?

Latest Interest Rate for Zero Balance Savings Account

Bank Name of zero-balance savings account Interest rate
Kotak Mahindra Bank 811 4% to 6%
Standard Chartered Bank Basic Banking Account 0.5% to 4.90%
HDFC Bank Basic Savings Bank Deposit Account 3.50% to 4%
Axis Bank Basic Savings Account 3.50% to 4%
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Which bank account is best in India?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.
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