How to Open a Bank Account in India

Mani Karthik

In my pursuit of getting better & smarter in life,
I share everything I learn, on this blog, so you can make use of it.

Opening a bank account is the first step to a cashless society in India. Indian Government has been pushing the idea of cashless society by encouraging everyone to open a bank account in India. Less cash, less black money, better economy.

Now, if you’ve been wondering how you can start a bank account in India, here are somethings you should know. They are really easy and straight forward.

  1.  You can start a bank account just with a photo and signature (or thumb impression)
  2. You don’t need anyone to “introduce” you to open a bank account.
  3. You can just walk in with an Aadhar card and walk out with a bank account.
  4. Don’t have a proper ID? No worries, you can start even a “small account”.
  5. If your ID shows one address, and if you’re staying elsewhere, you can still open a bank account at the new place.
  6. You don’t need a PAN card to open a bank account.
  7. Any of these six documents can be used to open a bank account.

So, there you have it. Opening a bank account anywhere in India is really just a simple process. Provided you have the right documents, you can just walk in to any bank and walk out with a new account. Even if your address is in Kanya Kumari and you are working in Delhi, it shouldn’t stop you from getting a bank account.

Source – RBI

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