subject: Overview and Savings Account Requirement of ICICI Bank [print this page] Overview and Savings Account Requirement of ICICI Bank
ICICI Bank or previously recognized as Industrial Credit and Investment Corporation of India is one of the top banking and financial services firm in India. It is the largest private sector savings by market capitalization and the second biggest bank in India. It was organized in 1955 and its present headquarter is located in Mumbai, Maharashtra, India.
Currently, its Chairman is K.V. Kamath, Chanda Kochhar as Managing Director and CEO and N.S. Kannan as Chief Financial Officer.
ICICI Bank has products that include investment banking, commercial banking, retail banking, personal banking, asset management, mortgages and credit cards.
ICICI Bank is associated with to the Big Four Banks of India, together with its major entrants Canara Bank, State Bank of India and Punjab National Bank. ICICI bank also has a network of 2,016 branches and about 5,219 ATMs in India and it is base in 18 countries.
It has 24 million clients at the end of July 2007. ICICI Bank is also the biggest issuer of credit cards in India. ICICI Bank's shares are listed on the stock exchanges at Bombay Stock E, New York Stock Exchange, Kolkata and Vadodara (previously Baroda). Its American Depository Receipts transact on the New York Stock Exchange (NYSE).
Among the Indian banks, ICICI Bank has the biggest international balance sheet and is increasing in foreign market. ICICI Bank now is present in 19 countries, including an offshore unit in Mumbai.
It has arms in Canada, Russia and the UK; representative offices in Indonesia, Bangladesh, Malaysia, China, Thailand, USA, South Africa, and the United Arab Emirates; and offshore banking units in Bahrain and Singapore, an advisory branch in Dubai; and branches in Belgium, Hong Kong and Sri Lanka. ICICI Bank is also targeting the NRI (Non-Resident Indian) citizens in specific.
Commonly, the common requirements in opening a saving account in India are the following.
Self-attested photocopies of the preceding supporting documents are necessary to be placed with the application. Originals thereof will have to be presented for verification.
i. Passport (where the address is the same as the address cited in account opening form)
ii. Income Tax Permanent Account Number (PAN) card. In case PAN card is not given forth, Form 60/61 has to be complied.
You can also use the following for demands in opening a new bank account in India.
1. Evidence of Identity
i. PAN card
ii. Voter ID card
iii. Passport (where address differs)
iv. ID card of a real employer
v. Driving License
vi. Govt./Defense ID badge
vii. Photo ID card given forth by Post Office
2. Certification of Address (Any one of the following)
i. Electricity Statement
ii. Income Tax/Wealth Tax Assessment Order
iii. Credit card statement
iv. Salary sheet (with address)
v. Telephone Account of charges
vi. Letter from a reputed employer
vii. Bank Account Record
viii. Letter from any recognized public establishment
ix. Ration sheet
B. Two recent photographs (2.5 cm x 3.5 cm)
C. In condition of unable to read well clients, Left Thumb Impression (LTI) to be attached and verified.
D. For opening of account of minors, where evidence of identity/location is not ready for use, the similar will be prepared by the Father
ICICI Bank is one of India's best private banks. If you are interested in opening for a savings account in ICICI bank, you should prepare and arrange the fundamentals discussed above.
