How to Open a Bank Account in India

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

About the author

Mani Karthik

Hi, Mani Karthik here. Having lived in USA, India & Middle East, and worked for big MNC's to startups, I have a lot to share with you. My aim is to help people, by sharing everything I've learned in life. This blog is read today, by more than 200K people world over! I'm basically from Kochi, Kerala and spend my time between Los Angeles and India. Here's my full story. Connect with me on FacebookInstagram, Twitter or WhatsApp (+001-408-489-4785). :)

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