What is the procedure to open Indian bank account?

What is the procedure to open account in Indian bank?

Proof of Identity:

  1. Aadhaar Card.
  2. Passport.
  3. PAN card.
  4. Voter’s Identity Card.
  5. Driving license.
  6. 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.
  7. Identity card (subject to the bank’s satisfaction)

Can I open bank account online in Indian bank?

Indian Bank Savings Account Opening. Indian Bank Savings accounts in Indian Bank can be opened online or offline. To open Indian Bank offline, you have to visit the branch, fill the application form and submit documents.

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.

What is minimum balance for Indian Bank?

Overview of Indian Bank Savings Bank

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Bank Indian Bank
Initial Deposit Requirements Nil
Minimum Amount Minimum amount for non-cheque operation is Rs.250/- Minimum balance for cheque operation is Rs.500/- Pensioners and bonafide students may have lesser minimum balance
Debit Card Offered Free ATM cards/Debit cards provided

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.

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.

Which bank allows online account opening?

Almost all the banks offer online account opening like State Bank of India, HDFC Bank, ICICI Bank and other banks.

Is PAN card mandatory for opening 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 a bank account online without going to the bank?

Fortunately, you can complete most banking tasks online—even opening your account, in many cases. That means you don’t need to make trips to a branch or print and sign paper forms. It’s all handled digitally, and once your account is open, you can transfer funds and pay bills online.

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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%

Which bank has minimum balance?

List of All Banks Savings Account Interest Rates and Minimum Balance 2021

List of Savings Account Banks Minimum Balance Required(INR)
Federal Bank
HDFC Bank 2500/5000/10000/25000
ICICI Bank 0/1000/2000/2500/5000/10000
IDBI Bank 500/2500/5000
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