It has been told by the State Bank of India (SBI) that if a person wants to open a savings bank account in any bank, then he will need some documents. To open an account in the bank, you can open your account by filling the form received from the bank and attaching the necessary documents with it
Even today there are many people who believe that if they want to open a savings bank account in any bank, then they will need a guarantor for that. Whereas this is not the case and today the banking has completely changed. Now if you want to open an account in the bank, then under the rules of Reserve Bank of India (RBI) Aadhaar and PAN are necessary to open an account in the bank. Some time ago the master circular regarding e-KYC was updated by RBI. According to this new circular, it will be mandatory to give Aadhaar and PAN number for a new bank account.
what is the matter
A user from SBI has asked a question on the Twitter handle whether a guarantor is needed to open an account in SBI branch or only Aadhaar will work. On this the bank has said that the form has to be filled to open a bank account. Also, KYC is mandatory. For more information about this, the bank has also shared some links.
जी
— सनातनी छोरी (@chhorideshbhakt) August 5, 2021
These documents will be needed
It has been told by the State Bank of India (SBI) that if a person wants to open a savings bank account in any bank, then he will need these documents. To open an account in the bank, you can open your account by filling the form received from the bank and attaching the necessary documents with it.
PAN Card or Form 60
Photograph
Photocopy of any one of the Officially Valid Document (OVD)
And which documents
Apart from this, you can use any one of these documents for the identity and current address of the account holder-
- Passport
- Driving License
- Aadhar Card
- Voter ID Card
- Job Card issued by NREGA and signed by a State Government Officer
Letter issued by National Population Register bearing name and address information.
If there is no updated address then you can use these documents.
Utility bills like electricity bill, telephone bill, mobile post paid bill, gas pipeline bill or water bill. But keep in mind that these bills should not be more than two months old.
Tax receipt of a property or municipality
Pension or Family Pension Payment Orders (PPO) which are issued by the government to retired employees of government or public sector.
Letters related to residences issued by the departments of the State or Central Government.
What is the benefit of savings account
Savings account is used to keep the amount deposited by any person for personal work in the bank safe. Savings account is such an account in which the interest deposited by the account holder on the money deposited by him is also received by the bank, which can range from 2% to 6%.
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