Overview and Savings Account Requirement of ICICI Bank
ICICI Bank or formerly recognized as Industrial Credit and Investment Corporation of India is one of the top banking and financial services company in India. It is the biggest private subgroup savings by market capitalization and the next biggest bank in India. It was organized in 1955 and its current headquarter is located in Mumbai, Maharashtra, India.
Currently, its Chairman is K.V. Kamath, Chanda Kochhar as Managing Director and CEO and N.S. Kannan as Chief Financial Officer.
ICICI Bank has stuff that composed of investment banking, commercial banking, retail banking, private banking, asset administration, mortgages and credit cards.
ICICI Bank belongs to the Big Four Banks of India, along with its major entrants Canara Bank, State Bank of India and Punjab National Bank. ICICI bank also has an interconnections of 2,016 branches and almost 5,219 ATMs in India and it is found in 18 countries.
It has 24 million clients at the end of July 2007. ICICI Bank is also the biggest issuer of credit cards in India. ICICI Bank’s stocks are recorded on the stock exchanges at Bombay Stock E, New York Stock Exchange, Kolkata and Vadodara (previously Baroda). Its American Depository Receipts trade on the New York Stock Exchange (NYSE).
By all of the Indian banks, ICICI Bank has the largest international balance sheet and is increasing in foreign market. ICICI Bank now is present in 19 countries, including an offshore unit in Mumbai.
It has branches in Canada, Russia and the UK; representative offices in Indonesia, Bangladesh, Malaysia, China, Thailand, USA, South Africa, and the United Arab Emirates; and offshore banking units in Bahrain and Singapore, an advisory branch in Dubai; and branches in Belgium, Hong Kong and Sri Lanka. ICICI Bank is also aiming the NRI (Non-Resident Indian) population in particular.
Generally, the typical requirements in opening a bank account in India are the following.
Self-attested photocopies of the following supporting papers are necessary to be placed with the application. Originals thereof will have to be produced for authentication.
i. Passport (where the address is the same as the address mentioned in account opening form)
ii. Income Tax Permanent Account Number (PAN) card. In case PAN card is not issued, Form 60/61 is to be submitted.
You can also use the following for demands in applying a new bank account in India.
1. Evidence of Identity
i. PAN card
ii. Voter ID sheet
iii. Passport (where address differs)
iv. ID badge of a reputed employer
v. Driving Permit
vi. Govt./Defense ID card
vii. Photo ID card issued by Post Office
2. Certification of Address (Any one of the following)
i. Electricity Statement
ii. Income Tax/Wealth Tax Assessment Order
iii. Credit card statement
iv. Salary sheet (with address)
v. Telephone Account of charges
vi. Letter from a creditable company
vii. Bank Account Statement
viii. Letter from any recognized public establishment
ix. Ration sheet
B. Two current photographs (2.5 cm x 3.5 cm)
C. In case of unable to read well clients, Left Thumb Impression (LTI) to be affixed and confirmed.
D. For opening of account of underage, where evidence of identity/address is not ready for use, the similar will be prepared by the Father
ICICI Bank is one of India’s most private banks. If you are interested in applying for a savings account in ICICI bank, you must prepare and ready the requirements discussed above.
Gil Tenorio is a blogger on forex trading, investment, make money online and banking such as on how to open a ICICI bank account. For more more details on these topics, you should go India Bank , for free articles on banking, investment and earn money online.
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