Tips on Beginning a Savings Account at Axis Bank
Savings account is a strong means in handling your funds. Saving in the deposit is a good habit if you are saving funds. It is the safest area for the money you are saving. With savings account, you can also be entitled to profit from the principal cash you deposited.
It is the reason why it is valuable and beneficial to get a savings account. In India, one good choice for beginning a savings account is Axis Bank.
Axis Bank, formerly UTI Bank, is a personal commercial bank in India. The bank begun its operations in 1994, when Indian government gave permission to the new private banks to be organized.
The bank is a government firm registered in Bombay Stock Exchange (BSE). Its major industry is directed on monetary services and banking.
Axis Bank is established in 1995 and presently, its headquarters is located in Mumbai, India. Presently, its chairman is Adarsh Kishore and its Chief Executive Officer and Managing Director is Shikha Sharma.
Some of its stuff and services include credit cards, mercantile banking, investment banking, loan agreement, retail banking, asset management and personal banking.
If you are concerned in launching a savings account in Axis Bank, you must prepare the demands before stopping over the bank. It is very important you have the finished documents in order to have a quick preparing of your application.
Here are the list of documents you may bring as requirements for applying a savings account. If you desire to get the savings account application form at Axis Bank, you can have it here.
1. In order to confirm the identity, the client should produce photocopies and the authentic of any one of the preceding papers:
a. Voter ID Card
b. Driving License
c. Government or Defense Card
d. Passport
e. PAN Card
f. ID card issued by a reputed employer
2. To authenticate the proof of place of residence or business where one can be contacted, you should produce authentic and photocopy of any one of the preceding credentials:
a. Bank Account Statement
b. Letter from a reputed employer
c. Acknowledgment from any recognized public
d. Ration Card
e. Telephone Bill
f. Salary Slip (with location)
g. Income Tax/Wealth Tax Assessment Order
h. Electricity bill
3. In order to know the date of birth of the client, the following documents can be presented.
a. For Teenager – Birth certificate issued by Gram Panchayat/ NAC (Notified Area Committee) /Municipal Corporation
b. For Senior Citizen- Passport/ Voter ID Card/ Driving License/ PAN Card/ Service Discharge Certificate/ PPO in case of Pensioner
4. Produce two recent pictures (2.5 cm x 3.5 cm) and this must be attached on the request form.
5. In case of uneducated applicants, thumb mark to be place and confirmed.
6. For opening of accounts of teenagers, where certification of identity or address is not accessible, address should be the same with the parents or legal guardian.
Axis Bank is one of the competent private banks in India which you can request a savings account. It is easy to request for a bank account when you have the complete requirements with you.
Bert Tenorio is a personal finance blogger who likes writing on financial management, saving, investments and banking like on how to apply a savings account at Axis Bank, you may visit India Bank blog for more helpful posts on saving, investing and banking.
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