SAVINGS & CURRENT ACCOUNT OPENING
A savings account is a good place to keep money for emergencies, shorter-term goals, or building an emergency fund
A current account is a bank account that allows you to store and withdraw money, and is designed for people who conduct a high volume of transactions:
Documents required
- Aadhar card: …
- Proof of identity:
- Proof of residence:
- Pan Card
- To open a current account, you’ll typically need to provide the following documents:
- PAN card: A unique identification number required for most financial transactionsIdentification proof: To verify your age and residential addressAddress proof: To verify your residential addressIncorporation certificate: Shows that your business is a legal entity and has been set up correctly
Benefit
Easy financial management: You can use online and mobile banking to check your balance, move money, and make payments. Quick access to money: You can easily access your money and make payments on time. Interest earnings: Some current accounts offer small interest earnings on your account balance. Creditors have access to your creditworthiness: Creditors can access information on your creditworthiness through inter-bank connection. Tax advantages: Offshore current accounts may offer tax advantages. No tax: Current accounts are zero-interest accounts, so there is no tax on them.
Business-friendly: Current accounts are designed for businesses, with features like unlimited transactions, overdraft facilities, and the ability to deposit and withdraw cash at any location.
Time Period
- Get Account Ready In Just Few Mins