What are the steps involved in opening a bank account in any bank?
The following points may help you:
a. Banks are an important organisation and medium of making accepting deposits and lending money to the public.
b. People can open a current account or a saving account in banks and can deposit their money.
c. It involves the following steps:
i. Firstly it is important to decide in which bank one wants to open an account, the choice is determined by the credibility, services offered like ATM, cheques, telephone , Internet banking , interests rate offered by the bank etc,
ii.Decide on the type of account you need, whether you need a current or saving account, joint account etc.
iii. Collect the application form from the bank and fill in the necessary details along with photographs.
iv. Furnish and attach necessary documents required to open an account like identity proof, address proof, age proof.
v. Self attested Photocopies of the aforesaid forms are to be attached and original are to be produced for verification.
vi. Bank forms also contains the column of the guarantor who already has an account in the bank.
vii. Once all the documents are furnished, bank processes them and if satisfied , an account is opened.
a. Banks are an important organisation and medium of making accepting deposits and lending money to the public.
b. People can open a current account or a saving account in banks and can deposit their money.
c. It involves the following steps:
i. Firstly it is important to decide in which bank one wants to open an account, the choice is determined by the credibility, services offered like ATM, cheques, telephone , Internet banking , interests rate offered by the bank etc,
ii.Decide on the type of account you need, whether you need a current or saving account, joint account etc.
iii. Collect the application form from the bank and fill in the necessary details along with photographs.
iv. Furnish and attach necessary documents required to open an account like identity proof, address proof, age proof.
v. Self attested Photocopies of the aforesaid forms are to be attached and original are to be produced for verification.
vi. Bank forms also contains the column of the guarantor who already has an account in the bank.
vii. Once all the documents are furnished, bank processes them and if satisfied , an account is opened.