You asked: Can I open a bank account in any city in India?

Can you open a bank account in a different city?

If you are going to move cities, you will need to submit proof of your new address as validated by your passport, driving licence or voter card, within three months of opening a bank account. … As a result, in late October, the government provided a three-month window for the account holder to comply with the norms.

Can I open my bank account anywhere in India?

On 10 July, the Reserve Bank of India (RBI) stated that customers of non-banking finance companies (NBFCs) can now open a deposit account with just one address proof. Last month, RBI had announced that customers don’t have to submit both permanent as well as current address proofs to open a bank account.

Can I open bank account in any place?

1) The finance ministry has now allowed banks to open accounts with current address even if there is a mismatch with the one on Aadhaar card. … The current address rule applies only for opening of bank account and not for any other purpose.

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Can I open bank account in other state in India?

Opening an account online won’t work to establish an account out of state with some banks. The bank may require you to enter your state before allowing you to continue, and may not have the option for you to open an account if you live in a state in which that bank has no branches.

Can I open bank account without aadhar?

Without them, you cannot open a bank savings account. Documents that you need to open a savings account in a bank are – your valid photo identification proof like Aadhaar card or PAN card, passport, driving license etc.

Is address proof required for opening bank account?

Identity proof involves Aadhaar card, Voter ID, Ration card, Passport, Driving license, Utility bill like electricity bill, water bill, telephone bill, Bank account statement, Passbook of the bank and A letter stamped/signed/recognised from a gazetted officer to verify the address details of the applicant.

Is Aadhaar card enough for opening bank account?

It is not mandatory to furnish Aadhaar to open a bank account at present. In addition to the bank account, Indian residents can use the Aadhaar card as a proof of identity and address for getting a new SIM card as well. The Master Direction on Know Your Customer has been amended by the Reserve Bank of India.

Can I have two accounts in SBI?

Yes, it’s possible to have 2 SBI accounts in the SBI bank where all the accounts come under one customer id. And by multiple accounts, I mean account types. I mean the type of accounts you can have in a bank branch like RD, FD, Savings, Current, Term Deposit, Joint Account, etc. …

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Which bank account is best in India?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.

Is PAN card necessary for bank account?

PAN card is compulsory and is required for doing most financial transactions. The I-T department has made it mandatory to link your bank account with PAN. The main reason for this is that your income tax refunds will be credited directly to your bank account.

Can I open bank account online?

Most banks usually have similar procedures, so it is fairly easy to open a Savings Account. Step 1: Get online: Open a Savings Account online through your mobile phone or laptop through InstaAccount. You can initiate the process with just your mobile number, your documents and by filling out a form.

Which digital bank is best in India?

Top Digital Savings Bank Accounts in India

  • SBI Digital Savings Account.
  • Kotak Mahindra 811 Digital Savings Account.
  • Axis Bank Digital Savings Account.
  • DBS Digital Savings Bank Account.
  • YES BANK Digital Savings Account.
  • HDFC Bank Digital Savings Account.
  • RBL Bank Digital Savings Account.

Can you live in one state and bank in another?

1) You don’t need to switch banks when:

You’re moving locally and can continue using the same bank branch as before the relocation; Your bank has a branch near your new location (it is really easy to transfer your accounts to another branch of the same bank).

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Can we open bank account without local address proof?

Yes, you can open a bank account without address and identity proof.

What are the documents required for open bank account?

Documents Required to Open a Savings Bank Account

  • PAN card.
  • Passport.
  • Driving License.
  • Voter’s ID.
  • Employee ID.
  • Bank passbook.
  • Ration card.
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