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Q: What are the documents required for closing bank accounts in state bank of India?
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Documents that have to be retained for 6 years within accounts?

This question probably relates to income tax act 1961 India. Any authority on tax laws will be a competent person to answer this question.However, so far I know the documents of income and expenditures on the basis of which income tax returns filed every year by a person is to be retainedfor six years after the date of final assessment is made. But in some cases the income tax authorities do you believe the statement of accounts submitted by a person and put the case under scrutiny query and the period of premiums


What are different types of bank accounts?

In India: Savings Account Current Account Fixed Deposits account Recurring Deposits account DEMAT Account etc.


Can you open the RBI current account for company?

RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.


What does RTGS means?

It refers to Real Time Gross Settlement It is a service offered by the Reserve Bank of India to process high value cash transactions safely between two accounts.


Procedure for opening of Bank Account for Blind Person in India?

The procedure for opening of bank account for blind person in India dictates that they cannot open an independent account. They are required to open a joint account with a sighted person.

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