How to Apply a Savings Account at Union Bank of India
Do you save money punctually? Or do you have nest egg? Savings is really important because it will act as an emergency fund for unforeseeable events in the future.
Saving money through savings account is a nice habit that every one should do. There are many perks when you save via savings account such as safety of the deposited money, interest earned from the main and guarantee from the government.
If you like to open a savings account in India, you may learn the best banks around your area. If there’s an Union Bank of India around your area, I suggests you request a bank account in them.
Union Bank of India (UBI) is one of India’s biggest government-owned banks and is constituted on the Forbes 2000. Its current headquarters is based in Mumbai, India with Mavila Vishwanathan Nair as its Chairman. The bank has 1135 ATMs and representative offices in United Arab Emirates, Abu Dhabi, Shanghai, and a branch in Hong Kong.
Applying for a bank account requires documents that you need to give to the bank for validating your identity and address. The most typical requirements can be seen underneath.
1. For authentication purposes of the applicant’s identification, he or she must bring photocopies and authentic of any one of the following credentials:
a. Driving License
b. Passport
c. Voter ID Card
d. Government ID Card
e. PAN Card
f. ID card disseminated by the current employer
2. To confirm the address of the customer, he or she should bring authentic and photocopy of any one of the following proofs:
a. Telephone bill
b. Electricity statement
c. Bank Account Statement
d. Letter from any recognized public authority
e. Ration Card
f. Income Tax or Wealth Tax Assessment Order
g. Salary Slip with address recorded
h. Letter from the recent employer
3. Birth Authentication
a. For Minor – Birth certificate issued by Gram Panchayat/ NAC (Notified Area Committee) or Municipal Corporation
b. For Senior Citizen- Passport/ Voter ID Card/ Driving License/ PAN Card/ Service Discharge Certificate or PPO in case of Pensioner
4. Two recent pictures (2.5 Cm x 3.5 Cm).
5. In case of unable to read well applicants, thumb impression to be placed and verified in the application forms
6. For launching of accounts of minors, where proof of identity or address is not accessible, information should be the same with the Father, Mother or Natural Guardian.
It is very valuable to have your own savings account particularly if you are employed or if you have a business. Opening a savings account in India is simple and easy once you have the full requirements like the documents cited above. It is better to prepare all these requirement before going to the bank.
Gily Tenorio is a personal finance blogger who likes blogging on financial management, saving, investments and banking like on how to open a savings account at Union Bank India, you should visit India Bank blog for more helpful articles on saving, investing and banking.
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