Important Documents You Need To Open A Bank Account In India
While there are several documents associated with how to open a bank account in India, it is not as complicated as first thought. The documents you will need to have on hand when opening a bank account in India are listed below along with an explanation of what each document does.
In this article, we will look at 8 documents required to know how to open a bank account in India. These documents are important and you should have them with you at the time of opening your bank account. Be sure to check back periodically as we’ll update this list if a change occurs in the future. You need to know what kind of bank account you’re looking for before you head over to think about how to open a bank account in India and ask them to open an account for you. Opening a bank account in India is a process that everyone has to go through. It might seem like an easy task, but it can come with its own set of challenges.
In this article, we will understand how to open a bank account in India and shall talk about the documents you need to open an account and the steps to follow. Opening a bank account in India is a simple process and does not require many documents.
The process of opening a bank account in India has become easier with the implementation of the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme. PMJDY is an initiative by the Indian Government to provide every household access to banking facilities with at least one basic banking account.
Opening a bank account in India is not a difficult process. However, it is necessary to have the proper documents and information ready.
The first document that you need for opening a bank account in India is your PAN card. This card serves as your identity and address proof for opening an account. You can either go to the Income Tax Office to get this document or apply for it online.
The second document that you need is your address proof- either an aadhar card or a passport or a driving license will do the trick. Your address must be present on this document as well, so make sure you bring at least two of these when going to open an account at the bank of your choice.
Opening a bank account in India is a relatively straightforward process. However, you need to provide some documents to the bank before they can open an account for you. The documents required to open a bank account in India are given as follows :
1) Passport copy
2) PAN card copy
3) Address proof- Voter ID, driving license, passport, ration card, service record book
4) Proof of residence- the electricity bill, telephone bill, gas bill
5) Bank statement or Salary slip for the last 3 months
6) Address proof for your current address- passport, ration card
7) As a foreigner, who wants to know how to open a bank account in India then you have to submit your passport and visa copy.
8) A self-attested photograph
Opening a bank account in India is easy and usually straightforward. If you have most of the documents listed above, you can get your account up and running in just a couple of days. All the documents you need to open an account can be easily sourced from any local branch of the bank of your choice, so don’t delay!
Keep these documents handy and always try to avoid sending originals as much as possible (better safe than sorry!). Having a bank account is crucial when living in India, so if you don’t have one, definitely make it a priority to get one before your first payday!
