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What are the basic requirements of opening a saving account in a commercial bank?
Wiki User
∙ 13y ago
You need the following to open a bank account:
- An Identity Proof - Passport or Driving License
- Address Proof - Passport or Driving License or Phone Bill
- Photograph - For the bank records
- Proof of Employment - For the bank records to know more about you
- An Introducer - This is usually a requirement for the bank to postpone all the due diligence they would do on you to a later point of time. An introducer should be someone who has an existing relationship with the bank.
- Initial Deposit Money - When you open an account, the bank expects you to deposit a minimum amount (Depending on the type of account you are opening)
Wiki User
∙ 13y ago
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What are the requirements for a high yield saving account?
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
What is the benefit of opening a student savings account?
There are a number of benefits of opening a student saving account. Student saving accounts often have very good interest rates and good introductory gifts. This is because banks want to get customers when that are young as they will often be loyal for life.
What is the best reason for opening more than one savings account?
you should separate money that you're saving
What should be the minimum balance SBI saving account?
0 for maintenance w.e.f. 25/04/2012. Rs. 100/- for opening
Best saving account interest rates?
saving account interest rate is now 4% that is best
What are the requirements for a high yield saving account?
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
Is it mandatory to have a saving account in sbi before opening a ppf account in sbi?
No its not mandatory
What is the benefit of opening a student savings account?
There are a number of benefits of opening a student saving account. Student saving accounts often have very good interest rates and good introductory gifts. This is because banks want to get customers when that are young as they will often be loyal for life.
What is the best reason for opening more than one savings account?
you should separate money that you're saving
Is it mandatory to have a saving account in State Bank of India before opening a Public Provident Fund account in State bank of India?
No. u don't need to open savings a/c for opening ppf a/c in sbi.
What should be the minimum balance SBI saving account?
0 for maintenance w.e.f. 25/04/2012. Rs. 100/- for opening
You do not have a checking account or saving account and need a loan?
If you do not have a checking or savings account, it may be challenging to get a loan from traditional lenders. However, you can explore alternative options such as online lenders, peer-to-peer lending platforms, or credit unions that may have different requirements. You may need to provide alternative forms of documentation, such as proof of income or collateral, depending on the lender's requirements.
What are the types of bank accounts in Pakistan?
1.fixed deposit account 2.saving account 3.current account 4.home saving account 5.family saving account
What is Free account?
My saving account
What account is similar to a saving account?
Current Account
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
Best saving account interest rates?
saving account interest rate is now 4% that is best
