How to Apply for a Savings Account in Indian Bank
Saving money is the initial step to achieve financial soundness. Without savings, people will become victim to debt. It is the reason why saving is very substantial for all people particularly to those that are working or making business.
It is better to obtain a savings account in the bank to get a safe location for your money. In India, there are a lot of banks that you can choose to apply for a bank account. One great alternative is Indian Bank.
Indian Bank is a leading Indian commercial bank owned by the Government of India. It was established on August 15, 1907 and its present headquarter is located in Chennai, India.
Indian bank was founded by Annamalai and Ramaswami Chettiar in 1907 in response to monetary fall faced by two famous trading companies in Chennai, Arbuthnot’s and Binny’s.
The Government of India nationalized the bank, together with other major profitable banks, on 19 July 1969. Indian Bank is a public listed firm whose portions are traded in Bombay Stock Exchange and in India’s National Stock Exchange. Its current chairman and managing director is Mr. T.M. Bashin.
Presently, it has more than 22,000 employees; 1,657 branches and is one of the big public banks of India. It has also branches overseas like in Singapore and Colombo including a Foreign Currency Banking Unit at Colombo and 240 correspondent banks in 70 countries.
The Reserve Bank of India is the parent bank of Indian Bank and its legitimate website is www.indianbank.in. It has three secondary companies that is: Indbank Merchant Banking Services Ltd., IndBank Housing Ltd. and IndFund Management Ltd.
Some of the Indian Bank products and services are the following which are available for all of its clients:
* 24/7 Service through 57000 ATMs under shared network
* 100% Core Banking Solution(CBS) Branches
* 1059 Automated Teller Machines(ATM)
* 100% Business Computerization
* e-payment facility for Corporate customers
* Internet and Tele Banking services to all Core Banking customers
* Depository Services
* Cash Management Services
* IB Credit Card
* IB Gold Coin
When you are considering to start a savings account in Indian Bank, you can view the following requirements. The most typical requirements in opening a savings account in India are the afterward.
Primary and photocopies of the following credentials are needed for record keeping and validation intention. These requirements should be attached to the application forms.
i. Income Tax Permanent Account Number (PAN) card. In conditions PAN card is not given forth, Form 60/61 has to be submitted
ii. Passport (where the location of the applicant is the same as the address declared in account opening form)
You can also use the afterward for requirements in launching a new bank savings account in India if you don’t have the requirements recorded above.
1. For Evidence of Identity, you can present the coming next requirements
i. PAN card
ii. Passport
iii. Voter ID card
iv. Government or Defense ID card
v. Driving License
vi. Photo ID card issued by Post Office
vii. ID card of a reputed employer
2. Certification of Address (You can present any one of the preceding)
i. Salary sheet (with address)
ii. Telephone Bill
iii. Electricity Bill
iv. Income Tax/Wealth Tax Assessment Order
v. Letter fro a reputed employer
vi. Bank Account Record
vii. Ration sheet
viii. Credit card statement
ix. Letter from any certified public authority
B. Two current photographs (2.5 cm x 3.5 cm)
C. For beginning of account of minors, where certification of identity or evidence of address is not available, the same will be prepared by the Father
D. In case of illiterate customers, Left Thumb Impression (LTI) to be affixed and documented
Indian Bank is a leading Indian commercial bank governed and owned by the Government of India. If you desire to open a savings account in Indian Bank, you should ready and prepare the above fundamentals likely to face an easy and hassle-free account application.
Gily Tenorio is a personal money blogger who loves blogging on financial management, saving, investments and make money online. For helpful details on how to budget and apply a new bank account at Indian Bank, you can visit India Bank blog for more articles on saving, investment and online money making.
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