1. Decide the type of bank account you want to open

There are several types of bank accounts such as Saving Account, Recurring Account, Fixed Deposit Account and Current Account (details of types of accounts at para 8 below).

2. Approach any bank of choice & meet the Bank Officer

Once the type of account is decided, one should approach a convenient bank. One has to meet the bank officer regarding the opening of the account. The bank officer will provide a proposal form (Account Opening Form) to open bank account.

3. Fill up bank account opening form - Proposal Form

The proposal form must be duly filled. Necessary details regarding name, address, occupation and other details must be filled in wherever required. Two or three specimen signatures are required on the specimen signature card. If the account is opened in joint names, then the form must be signed jointly. Nowadays the banks ask the applicant to submit copies of her latest photograph for the purpose of identification.

4. Give references for opening your bank account

The bank normally required references or introduction of the prospective account holder by any of the existing account holders for that type of account. The introducer introduces by signing his/her specimen signature in the column meant for the purpose The reference or introduction is required to safeguard the interest of the bank.

5. Submit bank account opening form and documents

The duly filled in proposal form must be submitted to the bank along with necessary documents.

6. Officer will verify your bank account opening form

The bank officer verifies the proposal form and checks whether the form is complete in all respects or not. The accompanying documents are verified. If the officer is satisfied, then he/she clears the proposal form.

7. Deposit initial amount in newly opened bank account

After getting the proposal form cleared, you may deposit the necessary amount in the bank. After depositing the initial money, the bank provides a passbook, a cheque book and pay in slip book in the case of savings account. In the case of fixed deposits, a fixed deposit receipt is issued. In the case of current account, a cheque book and a pay in slip book is issued. For recurring account, the passbook and a pay in slip book is issued. You may also request for an ATM, Debit and Credit card depending on eligibility.