How to open a Savings Bank Account ?

Savings account is the one of the most popular accounts operated by individuals. It provides flexibility for deposit and withdrawal of money from the account. This article explains the steps to be followed while opening a Savings Bank account.

 

1. Collection of necessary documents

For opening a bank account following documents are needed

• Address proof – Ration card/ Electricity bill/ Telephone bill etc.,
• Identity proof – Voter ID / PAN card / Driving License / Passport /Photo identity card issued to bona fide students of universities/Institutes approved by UGC/AICTE.
• Along with original address proof and identity proof, take two photocopies of each (You have to attach the photo copies with the account opening form)
• Recently taken two passport size photographs

2 Approach your bank of choice

Visit the nearest branch of the bank of your choice. Meet the bank officer for opening of the account. The officer will provide you the account opening form. (See: Model account opening form of State Bank of India)

3. Fill up the account opening form

Duly fill the all the columns like personal details, address, additional details, identification details. Put your signature wherever required. You can also give options for ATM-cum-Debit card, internet banking and mobile banking.

4. Give references/introducer  for opening your account

Banks require references or introducer for you by any of the existing account holder of that bank. The introducer introduce you and confirm your identity and address by signing his specimen signature. You can request your relatives or friends who are already having an account in that bank to introduce you.

5. Submission of account opening form

Submit the duly filled account opening form along with supporting documents like photo copies of your identity proof and address proof.

6. Verification of your form

The bank officer will verify your account opening form for its completeness. He will also verify your supporting documents. If he is satisfied, he will clear your proposal form.

7. Deposition of amount

After getting your proposal form cleared, you have to deposit a necessary amount. After that the bank will issue passbook to you.

Reference : http://kalyan-city.blogspot.com/