subject: How to Apply a SBI Bank Savings Account [print this page] How to Apply a SBI Bank Savings Account How to Apply a SBI Bank Savings Account
State Bank of India (SBI) is the biggest bank in a group of the Big Four Banks in India along with Punjab National Bank, ICICI bank and Canara Bank. It is also the largest financial services company and state-owned bank in India in terms of earnings, assets, revenues and market capitalization. SBI Bank is a general company registered in Bombay Stock Exchange (BSE) and London Stock Exchange (LSE).
It was established on July 1, 1955 and its principal office is situated in Mumbai, Maharashtra, India. Currently, its Chairman is Mr. O.P. Bhatt. According to Forbes, SBI is the 29th most distinguished company in the world and as of 2010, it has 200,299 employees around the world and with over 16,000 branches making it the largest banking network in India. It has also 131 overseas offices in over 32 nations as of December 31, 2009. Some of the products offered by SBI bank are investment banking, consumer banking, commercial banking, retail banking, private banking, asset administration, pensions, mortgages and credit cards. As of 2010, it has a revenue amounting to US$19.51 billion, its gain to US$2.08 billion, total valuables of US$323.04 billion and total equity of US$18.519 billion.
Having a savings account is the best action to save money. If you are deciding to open for a bank account in India, I advises you credit SBI bank because it is a famous bank not only in India but in other countries as well.
You can open a bank account if you have the all demands which you can have in this piece of writing. Usually, the common requirements in opening a deposit account in India are the preceding.
Self-attested photocopies of the following auxiliary documents are necessary to be attached with the application. Originals thereof will have to be produced for authentication.
i. Passport (where the location is alike as the address mentioned in account launching form)
ii. Income Tax Permanent Account Number (PAN) card. In case PAN card is not disseminated, Form 60/61 has to be submitted.
You may also produce the following demands for beginning a new savings account in SBI bank.
1. For Evidence of Identity requirements, you can arrange the suceeding ID
i. PAN card
ii. Voter ID card
iii. Passport (where address differs)
iv. ID card of a creditable employer
v. Driving License
vi. Govt./Defense ID card
vii. Photo ID card issued by Post Office
2. For validating your Proof of Address, you may bring any one of the preceding
i. Electricity Bill
ii. Income Tax/Wealth Tax Assessment Order
iii. Credit card statement
iv. Salary slip (with address)
v. Telephone Bill
vi. Letter from an admirable employer
vii. Bank Account Invoice
viii. Letter from any recognized public authority
ix. Ration card
B. Two recent photographs (2.5 cm x 3.5 cm)
C. In case of illiterate customers, Left Thumb Impression (LTI) to be attached and confirmed.
D. For opening of account of minors, where evidence of identity/address is not available, the same will be provided by the Father/Mother and Natural Guardian.
