OPEN A BANK ACCOUNT
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| HOW TO OPEN A BANK ACCOUNT |
Everyone is in need of a bank account nowadays. To keep
their earnings for future, people keep their money deposited in banks.
The transactions of money in the bank goes on in different ways, such as bank deposit, bank credit, bank cheques, bank ATM etc.
BANK ACCOUNTS ARE GENERALLY OF TWO TYPES.
A) SAVING BANK ACCOUNT :-
saving bank account most people
withdraw, because in this account you can save at least 100 ₹ to millions. Only
if you have an ATM card, then its charges are deducted. But some percentage
interest on money in saving bank account is also given by the bank.
B) CURRENT BANK ACCOUNT :-
This type of bank account is mostly of people who deal with it everyday, such as merchants, shopkeepers etc. You can deposit and credit any amount of money daily on the current bank account. But the bank does not pay any kind of interest on the current bank account to the customer. And on every withdrawal of the customer, the bank takes withdrawal charges from them.
So this was about the type of bank account, let's now know
how we can Open bank account, what is its procedure. By the way, bank
accounts can be open both online and offline way.
OPEN A BANK ACCOUNT STEP BY STEP
➡️ OPEN A BANK ACCOUNT ONLINE
9 Simple steps to open bank account
Steps :-
1) Visit bank official website
2) Register and login
3) Fill the required details
4) Submit doccuments like adhaar card, pan card, details for
identity and address proof
5) Submit the application
6) After application approved, customers are called by the
bank for the verification process.
7) Take registration details and go to the bank submit
details in these banks.
8) Deposit minimum 500₹ to 1000₹ for saving account and
5000₹ to 10000₹ for current bank account
9) Receive your bank account passbook and ATM card at a
time.
Read also :- How Does E-transfer Work?
➡️ OPEN A BANK ACCOUNT OFFLINE
9 Simple steps to open Bank account offline
Steps :-
1) Visit your favorite/nearest bank, where you have to open bank account.
2) Take a application form for new bank account opening from inquiry desk.
3) Fill the application form properly, stick latest
photograph
4) Attached required documents xerox to the main application
form and submit to the inquiry desk.
5) After all this, you will be given your account number in
a short while.
6) After taking the payment deposit slip, fill the account
details given in it and deposit it at the cash counter of 500₹ to 100₹ for
saving bank account. If there is a current account, then deposit up to 5000₹
-10000₹.
7) After all this procedure is done, you will be called to
the bank within 4-5 days, then you have to receive your bank passbook by
showing the deposit slip.
8) If you want to take an ATM, then fill the details for the
ATM form from the inquiry desk and submit the doccuments attached to it. ATM
will be delivered to your mentioned address in 1 month.
Note: - Some banks provide you bank passbook and ATM simultaneously.
REQUIRED DOCCUMENTS TO OPEN BANK ACCOUNT.
1) Aadhaar Card (Updated) / Voter ID Card
2) Pan card (if major)
3) Active mobile number
4) Electricity bill (Address proof)
5) Latest Passport
6) Minimum Deposit amount
CONCLUSION
It is now necessary to open a Bank Account. So if you do not have a bank account, you can open the bank account by doing this simple online process from your smartphone sitting at home.
FREQUENTLY ASKED QUESTIONS (FAQ)
1) What documents required for bank account.
1) ID proof
2) Address proof
3) Age proof
4) Contact no.
5) Tax details (for current account)
2) How much money do you need to open a bank account.
It depends on the bank, but normally it is necessary to deposit 500₹ -1000₹ for saving account and 5000₹ - 10000₹ for current account.
3) Which is Best banks for students.
Indian post bank,This bank is best for students, as post
bank itself is suggested by the government for students scholarship.
4) Which Bank is best for zero balance account.
However it is necessary to deposit a minimum of 500₹ in any
bank. Cannot create a bank account at zero balance. But you can also open a
bank account at a minimum of 100₹ deposit in an Indian postal bank.