How do you qualify to open a savings account?

Answer 1

You need the following to open a bank account:

1. An Identity Proof - Passport or Driving License
2. Address Proof - Passport or Driving License or Phone Bill
3. Photograph - For the bank records
4. Proof of Employment - For the bank records to know more about you
5. 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.
6. 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)

If you have all the items mentioned above, then you qualify to open a savings account