Dhadkan of India

Opening an bank account with Indian banks is not a very big issue today. If you fulfill the criteria, then you can get an account easily.

Know what you need

First know what you want. Find out your requirement and then go ahead and see what fits into your bill. If you need easy cash withdrawl, then any bank account can offer you that through an ATM cum Debit card. If you want to keep your money in bank and earn some interest on it then you should go for a savings account or for a fixed deposit account.

Type of account

There are various types of accounts are available today with different banks. But the main account types are savings and current account. In the savings account you can deposit any amount and can withdraw any amount from it. You get a interest on the money you keep in the bank. On the other hand in the current account you do not get any interest but banks offer other benefits with a current account. Current account is generally needed for business. IT does not have a minimum balance requirement, which is there in a savings account.
There are other accounts like recurring deposit account where every month you have to deposit a certain amount. You get an interest on the money. Different banks have different types of accounts to suit their policies and schemes.

Learn about the eligibility

Find out the eligibility of these different types of bank accounts. You can know it from the respective banks. Talk to the respective officer in the bank and learn about each and every eligibility criteria.

Documents

You will need some documents to open an account. The general documents that are needed –
1.Identity proof
2.Address proof
3.Photocopy of identity proof
4.Photocopies of address proof
5.Photographs

You will have to fill up a form given to you by the bank. Provide the documents along with the application form to the bank personnel.

Application

You need to fill in an application form where different information about you are to be put. Fill the form as instructed and deposit it in the bank. The application form length may vary depending on the bank.

Follow up

After filling up the form and depositing it in the bank, follow up with the bank. Know when can you get the account created for you. In some private banks, you can get the account created within a week. You can get the ATM cum Debit card and the chequebook instantly. Nowdays it is also very easy to Apply for Credit Cards in India through these banks.