Steps to open a Bank Account
Whenever you open a bank account in India, you need to have certain documents which have been stated by all state-owned and private banks to meet the Know Your Customer (KYC) requirements.
The process is simple and described below:
- To open any type of account you desire, visit the nearest bank's branch of your choice, or visit its website to procure the bank account opening form. Fill-up the form with required details such as your name, permanent address, date of birth, names of parents and/or spouse, and your signature. After you have applied for one of the accounts you will be asked to present the following documents:
- Passport size photographs- at least 2 are required
- ID Proof - Any one from Passport, PAN Card, Ration Card, Aadhaar Card, Voter's ID Card, Driving License, employee identity card
- Address Proof - Any one from Passport, Rent Agreement, Telephone/ Electricity/ Water/ Credit Card Bills, Ration card, Aadhaar Card, Bank statement, Voter ID card, Driving License, or Property tax
- Applicants should also submit Form 16 and Income Tax Returns Statement
- Income proof for Salaried Individual: Salary slips for latest 3 months along with salary account bank statement for six months
- Income proof for Self-employed businessmen/professionals: Latest IT Returns and other certified financial documents with business continuity proof
- A bank executive will guide the customer to fill the application form.
- Submit the filled application form along with documents to the bank for account verification
- When the verification is complete, bank executives will hand over the debit card/credit card and relevant documents regarding the account.
