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The Indian Bank Account Opening form is a crucial first step for individuals looking to establish a banking relationship with the institution. This user-friendly document serves to collect a range of essential information from both sole and joint applicants, making the account setup process efficient. Among the primary sections, applicants will need to provide personal details—including name, address, date of birth, and occupation—along with the necessary identification documents to verify their identity and residence. The form allows applicants to specify the type of account they wish to open, choosing from savings, current, recurring, or term deposits, each with its own set of features and initial deposit amounts required. Furthermore, it outlines various modes of operation, catering to individual preferences in managing the account. Joint applicants will also find clarified operational instructions, ensuring that all account holders understand their rights and responsibilities. Notably, there is a dedicated section for nominating beneficiaries, securing the interests of loved ones in the event of unforeseen circumstances. In all, this account opening form encapsulates a comprehensive structure that aids in seamless account establishment while complying with regulatory requirements.

Indian Bank Account Opening Example

A.

........................................................................... Branch

Account Opening Form

for Resident Individuals (Single/Joint)

(SB/CURRENT/RD/TERM DEPOSITS)

Date …………………….

CIF No. of Sole/First Applicant

 

CIF No. of Joint Applicant

 

Account No.

 

VIP Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NO

( to be filled by Bank)

( to be filled by Bank)

( to be filled by Bank)

( to be filled by Bank)

I/We request the Bank to open account(s) / provide services opted by me/us in this application. The required details are given below.

CuStomer Name & Address (ALL IN BLOCK LETTERS PLEASE) (Please

wherever applicable) (Strike out which is not Applicable)

 

 

 

 

Particulars

Sole/First Applicant

 

Joint Applicant

 

 

 

 

TITLE

Mr. / Mrs. / Ms. / Sri. / Smt. /Messers / …………..

 

Mr. / Mrs. / Ms. / Sri. / Smt. /Messers / …………..

 

 

 

 

FIRST NAME

 

 

 

 

 

 

 

MIDDLE NAME

 

 

 

 

 

 

 

LAST NAME

 

 

 

 

 

 

 

FATHER/SPOUSE NAME

 

 

 

 

 

 

 

ADDRESS #

 

 

 

(RESIDENCE)

 

 

 

CITY & PIN CODE

 

 

 

 

 

 

 

 

 

STATE

 

 

 

 

 

 

 

ADDRESS

 

 

 

(PLACE OF WORK)

 

 

 

CITY & PIN CODE

 

 

 

 

 

 

 

 

 

STATE

 

 

 

 

 

 

 

 

 

 

#Copy of Passport/Latest Telephone/Electricity/ Credit Card bill/Income/WealthTax assessment order/Ration Card Bank a/c statement/Letter from employer [subject to the satisfaction of the Bank] should be submitted as proof of residence. Please produce original for verification.

DATE OF BIRTH

 

Age:

 

Age:

 

 

 

 

 

PHONE NO.

Home:

Business:

Home:

Business:

 

 

 

 

 

GENDER

† Male

† Female

† Male

† Female

MOBILE/FAX

Mobile:

Fax:

Mobile:

Fax:

MARITAL STATUS

† Married

† Unmarried † Others ……………….

† Married

† Unmarried † Others ……………….

OCCUPATION*

 

 

 

 

 

 

 

 

 

* Staff/Retired Staff should indicate here as “STAFF/RETIRED STAFF, …………………… (DESIGNATION) …………………. (SR/SSR No.)”

E MAIL ID

PAN/GIR NO.@

@ In the absence of either PAN or GIR Number, the applicant(s) should submit Form 60/61 in duplicate, under Rule 114B of Income Tax rules

MODE OF OPERATION

 

Affix Recent Passport Size Photograph Here

† Self only †Jointly † E or S

† A or S

 

 

First/Sole Applicant

Joint Applicant

†Others .................................……………………………… (specify)

We agree that the clause “E or S” / “A or S”, includes the right to the survivor(s) to apply before the date of maturity for repayment or for credit facilities against the security of the deposit and/or for addition/deletion/substitution of names in the deposit subject to acceptance by the Bank at its absolute discretion. The Bank may, on receipt of a written request from all of us/any of us/survivor/s of us, in its absolute discretion and subject to such terms and conditions as the Bank may stipulate (a) grant loan/advance against the security of this deposit to be made out in our joint names, (b) close/transfer the account, (c) make pre-mature payment of the proceeds of the deposit to all of us jointly/any of us/ survivor/s of us and none of the legal heirs of any of us has a right to question the said closure, granting of loan or premature payment made by the Bank.

Signature

CBS Branches: Please note down all the que/reference/journal numbers in the space provided at the bottom of Page 4

1

Pre-closure:

Account No.

BAccount Opening Form – for Individuals For SB/Current/RD/Term Deposits

Customer Identification Details (Please refer to page 3 for the list of documents of identification)

Particulars

 

Sole/First Applicant

 

Joint Applicant

 

 

 

 

 

 

FIRST ID – TYPE

 

 

 

 

 

 

 

 

 

 

 

ID ISSUED AT

 

 

 

 

 

 

 

 

 

 

 

ID NUMBER & DATE

No.

Date:

 

No.

Date:

SECOND ID – TYPE

 

 

 

 

 

 

 

 

 

 

 

ID ISSUED AT

 

 

 

 

 

 

 

 

 

 

 

ID NUMBER & DATE

No.

Date:

 

No.

Date:

Account Type / Products / Services (Please

wherever applicable) (Strike out which is not Applicable)

†SAVINGS BANK

†Without Cheque Book

†With Cheque Book

Initial Amount Rs. Scheme: † PAFA † Health Plus

† Others

(specify)

Please issue me/us a cheque book

†TERM DEPOSIT

†Fixed Deposit † Re Investment Plan

† Others

 

 

 

 

 

 

 

 

(specify)

Amount Rs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period:

Years/

 

Months/

 

 

Days

†CURRENT ACCOUNT Individuals (Single/Joint) only

Scheme: † Advantage A/c

† Others

....................................... (specify)

Please issue me/us a cheque book

containing

............ leaves

† RECURRING DEPOSIT Scheme : † Variable RD † Special RD

† Others

(specify)

Period

Months

Monthly Instalment Rs

PRODUCTS/SERVICES - Please ( ) (Available at select Centres/Branches – Terms & Conditions can be obtained from Branch Manager)

† Internet Banking † ATM Card † Telebanking

† Mobile Banking

† Debit/Maestro Card † IndBank Billpay

† Any Branch Banking through Multicity Cheque

Others (Specify) † .....…………

Senior Citizens (completed 60 years of age): Please provide copy of Secondary School Leaving Certificate/LIC Policy/Voter’s Identity Card/Pension Payment Order/Birth Certificate issued by the competent authority/Passport/Any other relevant document providing proof for age.

Declaration for Minor (In case * first/ * joint applicant is a Minor)

I declare that the minor

(name) is my

(relation) and I am his/her *natural and lawful guardian / *

guardian appointed in terms of Court’s order dated

(copy attached). I shall represent the said minor in all future transactions of any

description in respect to the above deposit account until the said minor attains majority. I certify that the minor was born on

(date). I

shall indemnify the Bank against the claim of above minor for any withdrawal/transaction made by me in his/her account.

 

Name of Guardian

Signature

 

Operating Instructions for Joint SB/Current Accounts: We request and authorise you , until any one of us shall give you notice in writing to

the contrary, to honour all cheques or other orders drawn or Bills of Exchange accepted or notes made on our behalf signed by 1) ....................

........................................................ 2)

of us jointly and/or severally and to debit such

cheques to our account with you, whether such account be

for the time being in credit or overdrawn. We also request you to accept the

endorsement by 1)

2)

.................................................................................... of us jointly and/or

severally on cheques, orders, bills or notes payable to us. We shall be jointly and severally liable to you for any monies owing to you from time to time in case the account is overdrawn and debit balance is caused including your commission, interest at the appropriate rate and other incidental charges. In the event of death, insolvency or withdrawal of any of us, the survivor/s of us shall have full control of any monies then and thereafter standing to our credit in our account with you, and in that event the survivor/s will have full powers to operate the account and/ or to close the account.

Interest on FD: Please credit the interest payable every month/quarterly/half-yearly/annually to my/our SB/Current account No. .........................

RIP/Cash Certificate Deposit: I/We understand that the interest earned every quarter will be reinvested in the RIP/Cash Certificate a/c until maturity date as provided in the scheme.

SWAP: I/We authorise you to transfer amounts in excess of Rs

in my/our SB/Current account No

on any day into a fixed deposit of

days tenor in units of Rs…………. I/We further authorise that inadequacy of funds in my/our

SB/current account referred above is met any time by prematurely breaking the fixed deposit in units of Rs.1000 and transferring the required amount into the said SB/current account.

Recurring Deposit: Please debit my/our SB/Current account No.

............................... with Rs

every month on …………………(date)

and credit to my RD / Variable RD account No

towards the periodical installments upto ……………………. (date)

Variable Deposit: I/We hereby declare that the core deposit for my/our variable deposit account is Rs

and I/We hereby agree that

the maximum amount of instalment paid in my/our account shall not exceed 10 times of core deposit or Rs.10,000 whichever is less. Due Date Notice: Please *send / *do not send due date notice to my/our above address. (* strikeout which is not applicable)

Auto Renewal for Term Deposits: Unless the Bank receives a demand for payment or instructions to the contrary from me/us on or before the date of maturity, please renew/continue to renew the deposit *including/ *excluding interest at the Bank’s discretion for similar period, subject to a maximum of one year, under the same scheme, at the then prevailing rate of interest, without insisting on production of the deposit receipt.

Tax Deduction at Source: Form No.15G/15H for exemption from TDS is enclosed.(for applicant seeking exemption from TDS)

In the event of my/our seeking pre-closure of term deposit/RD, I/We agree that the Bank shall apply the rules for pre-closure of

term deposits/RD prevailing on the date of my/our request for such pre-closure

2

Account No.

BAccount Opening Form – for Individuals For SB/Current/RD/Term Deposits

For Current Accounts (Individuals only)

i.* At present I/We do not enjoy any credit facility with any bank/branch. I/We undertake to inform you as and when credit facilities are availed by me/us with other bank(s)/branch(es) of your bank

ii.* At present, I am/We are having account with the following other bank(s)/branch(es)and enjoying facilities

Name of the Bank/Branch

Nature of Facility

Limit Sanctioned

Balance outstanding

Securities

(* strikeout which is not applicable)

Staff: I/We declare that the monies deposited or which may from time to time be deposited hereafter into above mentioned account in my/our name(s) belong to me/us.

Nomination: † Nomination is required for this account/deposit as per details given in Form DA 1 (enclosed) † Nomination is not required

I/We have read the terms and conditions for providing the products/services opted by me/us and I/we agree to abide by and be bound by them as they are in force now and from time to time in force for such products/ facilities. I/We request you to provide me/us the initital password/ PIN which I/we shall change periodically for maintaining secrecy of my/our account level information. I/We undertake to keep my password/ PIN with myself/ourselves without giving any room for disclosure of the same to any third party. Further, I/we shall be responsible for any disclosure of my/our password/PIN to any third party and the Bank shall not be held responsible for any loss/ damage caused to me/us on account of such disclosures. I/We shall be availing this product/service at my/our request without any liability, either expressed or implied , to the Bank. I/We have read/understood the Bank’s rules pertaining to the account/deposit scheme opted by me/us and the terms & conditions governing the same. I/We agree to comply with and be bound by them as they are in force and from time to time in force for such accounts/ deposits/ products/services. The Bank may use the details furnished above for opening any other account for me/us in future with the Bank

Yours faithfully

Signature of Sole/ First Applicant

 

Signature of Joint Applicant

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Particulars of Introduction / Identification (Provide A or B or C)

A.If the applicant(s) is/are already a customer of the branch,

Nature/Type of account

Account Number

Customer ID/PIN

Sole/First Applicant

..........................................

..........................................

Second Applicant

..........................................

..........................................

B.Introduction from an existing account holder of the branch

Name of the Introducer

Type of account and a/c No

...........................................................

Address of the introducer

 

.....................................................................

PIN CODE

Phone No

Account held since

I hereby introduce the above named applicant(s) and certify that I know Mr/Ms

for the past

months/years and confirm his/her

occupation and address as stated in

this application. I also attest his/her

signature(s).

 

 

 

.......................................................................

Signature of the Introducer

Signature of the introducer verified by me.

Signature of the verifying Official .................................................................

Name of the verifying officer with SS No. ............................................................

C.

i. Copy of the Passport alone where the address on the passport is the same as the address on the account

 

opening form

(OR)

ii.Any one document from each of the under-noted 2 lists, for a Photo ID and a proof of residence

List I (latest/recent)

First appl.

Jt. applcnt

List II (latest/recent)

First appl.

Jt. applcnt

1.

Passport where the address differs

†

†

1.

Telephone Bill

†

†

2.

Voter’s Identity Card

†

†

2.

Bank Account Statement

†

†

3.

PAN Card

†

†

3.

Income/Wealth tax assessment order †

†

4.

Driving Licence

†

†

4.

Credit Card Statement

†

†

5.

Govt. /Defence ID card

†

†

5.

Electricity Bill

†

†

6.

ID cards of reputed employers

†

†

6.

Ration Card

†

†

7.

* Letter from a recognised public authority or Public

†

†

7.

* Letter from Employer

†

†

servant verifying the identity and residence of the applicant

*subject to the Bank’s satisfaction

3

Account No.

BAccount Opening Form – for Individuals For SB/Current/RD/Term Deposits

FOR BANK’S USE

1.Applicant(s) interviewed and the purpose of opening a/c as ascertained is .............................................................................

…………………………………………………………….

2.Introducer called at the branch and interviewed (or) Introducer did not call at the branch but confirmation obtained by

............................. ............................................... (mode of confirmation) / Particulars of identification verified with the

originals and copies obtained

Signature of the official .................................................................... Name and SS No. ..........................................................

3. Authorisation for Account Opening

Eligible for † Internet Banking † ATM Card † Telebanking † Mobile Banking † Debit/Maestro Card † Multicity Cheque Others ……………………………………………………………….. (specify)

†Account may be opened

Signature of BM/ ABM/

 

Authorised Signatory

† Cheque Book may be / need not be issued

Name and SS No. ……………………………………

Date: ..............................

4. Account opened on ……………………… (Date) in the system by

First Applicant CIF No.

Second Applicant CIF No.

 

 

Mr/Ms………………… ……………………………………(Name of staff).

 

 

 

 

 

5.Verified the opening of the account in the system. Letter of thanks sent to the customer on ………………… and to introducer on ………………………

6.Acknowledgement received from customer on …………………………. and from introducer on …………………………….

7.Passbook/TDR/ STD Receipt No. ……………………………. delivered to the customer on …………………………

8.The specimen signature(s) of the applicant/s was scanned and linked to the account by……………………………………….. (staff name). Verified the scanning of the specimen signature(s) and linking to the account.

9.

Nomination details entered in the system/ nomination register on

vide Registration No

10.ATM/Debit/Maestro Card No.....................................…………............... / Internet Banking/Telebanking ID despatched on

...................................... (if sent subsequent to date of opening, to be filled in immediately after despatch)

Risk Classification and Fixing of Threshold Limit (Refer HO: O&M Division Circular on KYC - GENL.03/05-06 dated 8.4.05 M6 S608)

11.Potential activity expected in the Account (Monthly/ Annual turnover) Rs.

12.Source(s) of Funds:

13.

Annual Income Rs…………………………….

The threshold limit is fixed at Rs. …………………………………..

14.

Risk Classification

† Low

† Medium

† High

15.

Reasons for risk classification made:

 

 

Signature of the official

Name and SS No

Date: ……………………………

 

Space for Noting the que/reference/journal numbers in CBS branches

4

A

................................................................................................ BRANCH

NOMINATION FORM - DA 1

Note: (i). Only one person can be appointed as nominee (ii). Where deposit is made in the name of a minor, the nomination should be signed by a person lawfully entitled to act on behalf of the minor (iii). If the applicant(s) is/are illiterate, his/her thumb impression(s) shall be attested by two witnesses.

I/We..........................................................................................................................................................................................................................

..................................................................................................................................................................................... [Name(s) and Address(es)]

nominate the following person to whom in the event of my/our/minor’s death, the amount of Savings Banks/ Term Deposit/ Current Account

(Individuals & Sole Proprietor only) may be returned by Indian Bank

Branch.

Please * mention / * do not mention the nominee’s name in the passbook/deposit receipt/acknowledgement (* strikeout which is not applicable)

Nominee Particulars

Name and Address

Relationship with

depositor if any

Age

If minor $

date of birth

Deposit Particulars

Type / Scheme

Account / Receipt No.

Date

 

 

 

 

 

 

Amount

Maturity Date

$As the nominee is a minor on this date, I/We appoint Mr/Ms.. ..............................................................................................................................

....................................................................................................................................................................................... (Name, Address and age)

to receive the amount in the account on behalf of the nominee in the event of my/our/minor’s death during the minority of the nominee.

(Delete this para if the nominee is not a minor)

 

 

1

Place :

 

 

2

Date :

 

 

Signature / @Thumb impression of the Depositor/s

@ Witnesses for Thumb Impression(s)

 

 

 

1. Signature :

 

2. Signature

:

Name :

 

Name :

 

Address :

 

Address :

 

Place :

Date :

Place :

Date :

Nomination accepted and registered vide Registration. No.............................

dated

and details noted in the Nomination Register

..................................................................................

Signature of Asst. Manager/Manager

--------------------------------------------------------------------------------------

------------------------------------------------------------------------

 

 

Acknowledgement (To be returned to the depositor)

 

 

 

 

 

 

 

Name and Address of the depositor

 

Name of the Nominee ( fill up only if opted for )

Regn. No.

Registered on

 

 

 

 

 

 

 

 

 

For Indian Bank

SB/CA/TDR a/c No

Asst. Manager / Manager

Branch Seal

5

Click for Indian Bank Account Opening File

File Breakdown

Fact Name Details
Purpose of Form The Indian Bank Account Opening form is used by both resident individuals and joint applicants to open various types of accounts, including Savings, Current, Recurring, and Term Deposits.
Verification Requirements Applicants must provide proof of identity and residence. This can include documents like a passport, utility bills, and tax assessment orders, which need to be verified in original.
Joint Account Operation For joint accounts, the form allows for multiple modes of operation, including ‘either or survivor’ which enables the survivor to operate the account upon the death of one applicant.
Governing Law The rules governing bank accounts are found under the Banking Regulation Act and the Income Tax Act for compliance and taxation purposes.
Nomination Clause A nomination can be made for the account, ensuring that funds are transferred to a specified individual in the event of the depositor's death. The nomination must be registered with the bank.

Guide to Using Indian Bank Account Opening

Filling out the Indian Bank Account Opening form might seem daunting at first, but by following a structured approach, you can complete it efficiently. Once the form is filled out, you will be able to submit it along with the required documents to open your bank account.

  1. Date: Write the current date at the top of the form.
  2. Identity Number: Fill in the CIF Number if you're the sole applicant, and the CIF Number for the joint applicant, if applicable.
  3. Customer Name & Address: Fill in your name in block letters (First, Middle, Last) and provide your residential address, city, PIN code, and state. Do the same for the joint applicant.
  4. Date of Birth: Enter the date of birth for both sole and joint applicants.
  5. Gender: Tick the appropriate option for the gender of both applicants.
  6. Phone Numbers: Provide home and business phone numbers for both applicants.
  7. Mobile/Fax: Fill in the mobile and fax numbers as applicable for both applicants.
  8. Marital Status: Indicate whether you are married, unmarried, or another status for both applicants.
  9. Occupation: State the occupation for each applicant. If applicable, note staff or retired status with designation.
  10. E-mail ID: Enter the email addresses for both applicants.
  11. PAN/GIR Number: Fill in the PAN or GIR Number; attach Form 60/61 if neither is available.
  12. Mode of Operation: Select how the account will be operated (Self only, Jointly, etc.) and affix a recent passport-size photograph where required.
  13. Account Type: Choose your preferred account type (Savings Bank, Current Account, etc.), strike out non-applicable options, and specify details accordingly.
  14. Products/Services: Select additional services required, such as Internet Banking or ATM Card.
  15. Nomination: Indicate whether nomination is required and fill out details as necessary.
  16. Signature: Ensure all required signatures are added for both applicants at the end of the form.
  17. Identification Documents: Gather and submit the required identification proof along with the completed form.

Get Answers on Indian Bank Account Opening

What is the purpose of the Indian Bank Account Opening form?

The Indian Bank Account Opening form is designed to collect essential information from individuals wishing to open a bank account at Indian Bank. It includes sections for personal details, account type selection, and proof of identity and address, ensuring all necessary information is provided for the opening of the account.

What types of accounts can I open using this form?

With this form, you can open several types of accounts, including:

  1. Savings Bank Account
  2. Current Account
  3. Term Deposits
  4. Recurring Deposits

Each type has its own features and benefits, so choose the one that best meets your financial needs.

What documents do I need to submit with the form?

You will need to provide documents for identity and address verification. Acceptable documents include:

  • Passport
  • Electricity or Telephone Bill
  • Bank Statement
  • ID card from a reputable employer

Ensure that the documents submitted are recent and contain your name and address clearly.

How do I fill out the form correctly?

When filling out the form, use BLOCK LETTERS and ensure that all required fields are completed. It's important to provide accurate information, especially your personal details, as mistakes can delay the account opening process. If certain fields do not apply to you, simply strike them out.

Can I open a joint account with someone else?

Yes, the form allows for joint account opening. You will need to fill in the details of both applicants in the appropriate sections, including both their identification documents. Both parties will have equal access to the account and are equally responsible for any transactions.

How long does it take to open an account once I submit the form?

The account opening process typically takes a few business days, given that all information is complete and the provided documents are verified successfully. You'll be notified once your account has been created, and you should receive necessary details, such as your account number and any associated banking cards.

What should I do if I make a mistake on the form?

If you make a mistake on the form, it's best to cross out the incorrect information clearly and rewrite the correct details next to it. Alternatively, you may choose to fill out a new form altogether to ensure clarity and avoid confusion during processing.

Is there a minimum deposit required to open an account?

Yes, different types of accounts may have varying minimum deposit requirements. For example, a savings account may require a smaller initial deposit than a current account or term deposit. Check with the bank for specific amounts needed for each account type.

What happens if I wish to close my account in the future?

If you wish to close your account, you'll need to visit the bank and complete a closure request form. It's advisable to withdraw any remaining balance and ensure that there are no pending transactions. Be aware that there may be certain terms or fees involved, depending on the account type.

Common mistakes

Filling out the Indian Bank Account Opening Form can seem straightforward, but many applicants make errors that delay the process. Recognizing these mistakes can help ensure a smoother experience.

One common error is failing to use block letters when entering personal details. This is crucial for clarity and ensures that the bank staff can read the information without confusion. If the bank cannot read your handwriting, they may not process your application correctly.

Another mistake is omitting or incorrectly filling in the Date of Birth. This section must match your official documents precisely. A discrepancy could lead to complications during verification, or worse, could result in application denial.

Also, many applicants forget to include their mobile numbers and other contact details. These are important for communication related to your account status or any issues that may arise after the account openings.

Inadequate documentation is a frequent pitfall. Applicants often fail to provide necessary identification or proof of residence, such as a utility bill or passport. Without these, your application may remain incomplete, delaying your account setup.

Signing the form correctly is another area where mistakes happen. Some people might overlook the signature requirements entirely or provide a signature that doesn’t match their identification. This could raise red flags during verification.

Many individuals assume that they need only nominate one person. In fact, failure to completely fill out the Nomination Form can lead to serious issues regarding account access after one's passing. It is advisable to specify who's nominated and provide accurate details.

Lastly, misunderstanding the chosen mode of operation can create significant complications. Whether opting for "self only" or "jointly," clarity in this area is essential to prevent issues in accessing the funds.

By avoiding these mistakes, you can enhance your chances of a smooth account-opening experience at Indian Bank. Take the time to review your application carefully before submission.

Documents used along the form

When opening an account with Indian Bank, several additional forms and documents may be required to complete the process. Here is a list of common forms and documents that accompany the account-opening form.

  • Proof of Identity: A government-issued ID such as a passport, driver's license, or voter ID that verifies the identity of the applicant.
  • Proof of Address: Recent documents like utility bills, bank statements, or rental agreements that establish the applicant’s residential address.
  • PAN or GIR Number: The Permanent Account Number (PAN) issued by the Income Tax Department, or a Government Identification Registration (GIR) number, is required for tax identification.
  • Form 60/61: An alternate form that applicants without a PAN must complete in duplicate to comply with tax regulations. This form aids in identifying the applicant for financial transactions.
  • Nomination Form (DA 1): This document allows the account holder to designate a beneficiary who will receive account funds in the event of the holder's death.
  • Introduction Form: A form where an existing account holder of the bank introduces the new applicant, affirming their identity and address.
  • Tax Exemption Form (15G/15H): If applicable, this form is submitted to claim exemption from tax deduction at source (TDS) based on the individual’s income.
  • Minor Guardian Declaration: This declaration is required if the account is opened on behalf of a minor, confirming the guardian's legal relationship to the minor.

Submitting these documents will help ensure a smooth account opening process. Be sure to check with the bank for any specific requirements or additional forms needed based on individual circumstances.

Similar forms

  • Loan Application Form: Just like the Indian Bank Account Opening form, a loan application form collects essential personal information such as names, addresses, and income details. Additionally, both forms require applicant signatures to validate the provided information and confirm agreement to the terms stipulated.

  • Credit Card Application Form: Similar to the bank account opening form, a credit card application form requires detailed personal identification as well as financial information to assess eligibility. Both forms guide applicants through necessary documentation and demand signatures for authorization.

  • Insurance Policy Application: An insurance policy application shares common ground with the bank account opening form in that both ask for personal information and require proof of identity and residence. Each form demands the applicant's acknowledgment of terms and conditions to proceed.

  • Rental Application Form: The rental application form mirrors the Indian Bank Account Opening form by requiring detailed personal information, including employment status and references. Both forms typically necessitate the disclosure of financial history and involve the applicant's signature to confirm accuracy.

Dos and Don'ts

When filling out the Indian Bank Account Opening form, follow these guidelines to ensure accuracy and efficiency:

  • Do fill in all sections using clear, block letters to help avoid misinterpretation.
  • Do provide accurate identification documents as proof of residence and identity.
  • Do ensure all names are entered in the correct order, including first, middle, and last names.
  • Do specify the type of account you wish to open and select the applicable services.
  • Don't leave any mandatory fields blank, as incomplete forms may lead to processing delays.
  • Don't submit documents that are not compliant with the bank’s requirements, as this may result in rejection.
  • Don't forget to sign the form where indicated, as missing signatures can invalidate your application.
  • Don't use correction fluid or tape on the form; if you make a mistake, cross it out neatly and continue.

Misconceptions

  • Misconception 1: The form is only for Indian nationals.

    • The account opening form can be filled by resident individuals including non-residents who meet the regulations for banking services in India. This isn't limited to Indian citizens.

  • Misconception 2: Only savings accounts can be opened using this form.

    • This form is versatile. Customers can apply for several types of accounts, including current, recurring deposit, and term deposit accounts.

  • Misconception 3: Photocopies of documents are sufficient for verification.

    • Original documents must be presented for verification. This includes identity proofs and address proofs to ensure authenticity.

  • Misconception 4: All fields must be filled out to complete the form.

    • Only the relevant fields need to be completed. Applicants can strike out non-applicable sections to avoid confusion.

  • Misconception 5: A single identity proof is enough.

    • Applicants must submit at least two forms of identification. These may include a photo ID and proof of residence to establish identity and address accurately.

  • Misconception 6: The nomination feature is optional for all accounts.

    • Nomination is mandatory for certain types of accounts. It is crucial for ensuring that the right individuals receive the funds after an account holder's death.

Key takeaways

When filling out and using the Indian Bank Account Opening form, it is important to follow certain guidelines to ensure a smooth process. The following key takeaways will help you navigate this task effectively.

  • Complete the form using block letters to avoid any confusion in your application.
  • Be sure to include accurate contact information for both the sole and joint applicants, including phone numbers and addresses.
  • Provide proof of residence, such as a recent utility bill or bank statement, as specified in the form.
  • Submit the form along with required identification documents. These may include a passport, voter ID, or driver’s license.
  • Clearly indicate the type of account you wish to open, whether it is a savings, current, or term deposit account.
  • Specify your mode of operation for the account. Understand the implications of selecting options like “jointly” or “either or survivor.”
  • Ensure that you affix a recent passport-sized photograph in the designated area of the form.
  • Fill in the nominee details carefully, if required. This provides clarity on who will inherit the account balance in case of any eventualities.
  • Read and agree to the terms and conditions provided in the form; this ensures that you understand your rights and obligations.
  • Consult bank staff if you have questions while filling out the form. They can provide guidance and clarify any doubts.

By following these takeaways, you can approach the account opening process with confidence. Proper preparation will contribute to a more efficient and successful experience.