Saturday, December 10, 2022

Process of opening saving bank account in India

 1. Keep ready all Identity and Address proof documents for the applicant/s.

2. Choose the Bank in which you want to open the account. 

3. Choose the mode of opening account i.e. Online or Offline

4. If online, then go to that particular Bank's website and complete the process and formalities. 

5. If offline, then go that Bank's particular branch and complete the process and formalities.

No..... its not that easy as mentioned above. The process of opening Online or Offline accounts depend upon the profile of the applicants. Means, every bank has its own flow of process as per the applicant profile ( i.e. Age, Joint status, Constitution etc. )  but they must follow the guidelines outlined by the Reserve Bank Of India ( Regulator of banks in India) 

Now a days, opening online bank account is very easy with the most of advanced banks in India with Video KYC process. It can be opened within minutes. 

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