While opening a savings account in a bank, a customer needs to submit their Know Your Customer (KYC) documents – proof of identity and address for verification. Upon verification, customers can instantly start availing benefits of a savings account. Read on to know the list of documents required to open a savings bank account online or offline.
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Documents Required for opening a Savings Account
An applicant needs to submit certain documents to verify their identity. Here is the list of documents required for a savings bank account:
| ID Proof |
Any one of the following:
|
| Address Proof |
Any one of the following:
|
In addition to the above-listed documents, the applicant will need to submit:
- Latest passport size photographs
- A duly filled account opening form (online or offline)
- KYC Form (provided by the respective bank or post office)
You can either download the form from the official website/portal of the bank or directly visit the nearest branch of your preferred bank to collect the form in person.
Once the customer submits the documents, the bank will verify the details to ascertain whether the applicant is eligible for the savings account or not. To prevent rejection, it is best to read the eligibility criteria before applying.
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Frequently Asked Questions (FAQs)
Is it mandatory to provide Aadhaar for opening a bank account?
It is not mandatory to furnish Aadhaar to open a bank account. However, to open accounts receiving government subsidies under any welfare scheme, either by central or state government, Adhaar is mandatory.
Does Form 16 qualify as a valid document for ID verification?
Yes, Form 16, which is a form issued by one’s employer stating that TDS has been deducted from their salary, is a legit document as ID proof.
Can I open a bank account with zero balance?
Yes, there are many banks in India that provide the facility of zero balance account. Read about the top zero balance accounts in 2022 here.
Can I open a bank account if I do not have a PAN card?
Yes, there are some options like SBI’s Basic Savings Bank Deposit Small Account where KYC requirements are relaxed. Such options are specifically designed to provide banking experience to the poorer sections of the society who usually do not have KYC documents. These savings accounts can later be converted into regular savings accounts with better facilities upon submission of KYC documents.