What Is The Procedure For Opening A Current Account Or Saving Account With A Bank?

Any sane major person or a firm which can enter into contract can open an account with a bank. The following formalities are required to be completed before a current or profit and loss sharing account is opened in a bank. First of all the person who is desirous of opening an account with the bank has to fill in the account opening form. The applicant writes his name, address, occupation and the amount to be deposited in the form. The applicant has to declare in the form that he shall comply with the bank rules, which are in force from time to time the conduced of the discount. The prospective customer is to provide his introduction to the bank either from the old customer of the bank or from the person known to the bank. The introducer or reference verifies the integrity, character, honesty and good will of the intending customer on the application form.

When the banker is satisfied about the integrity of the customer he then agrees to open his account. The bank obtains more than one specimen signatures on specimen signature card. These cards are indexed and filed in an alphabetical order. When the prospective customer fulfills the required formalities of opening an account the banker then opens an account in the name of applicant.

Can the staff of the bank can fill the account opening form for the customer and customer will sign the same,please reply in the light of banking law

Got to have money first and enough so you don't fall below the minimum balance level set by the bank or they will charge a fee for handling the account(I know it doesn't make sense but they still do it).anyway you go into the bank and talk to a sales associate(teller) or accounts manager and they will help you set up a account when you tell them why you are there. : ) .you may also be required to have either picture I.D. Or a state /government I.D. To show you are a citizen,have a residence,and a job....yes I know big brother is watching everyone everywhere these days. They may even require a fingerprint I.d. In some banks. Anyway about 20-40 minutes later you will have a account set up with the bank.if your a kid/under 16 you could open a super saver account /maybe with a student I.d..at least you use to be able to do this.

Sir my ration card name is chang e to be account opened sir

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