How many types of bank accounts can be opened?

How many types of bank accounts can be opened?

Traditionally banks in India have four types of deposit accounts, namely Current Accounts, Saving Banking Accounts, Recurring Deposits and, Fixed Deposits.

What are the procedure for opening bank account?


  1. Decide the Type of Bank Account you want to Open.
  2. Approach any Bank of choice & meet its Bank Officer.
  3. Fill up Bank Account Opening Form – Proposal Form.
  4. Give References for Opening your Bank Account.
  5. Submit Bank Account Opening Form and Documents.
  6. Officer will verify your Bank Account Opening Form.

What are the 3 types of accounts?

What Are The 3 Types of Accounts in Accounting?

  • Personal Account.
  • Real Account.
  • Nominal Account.

What are the documents required for opening bank account?

A filled-up application form.

  • Identity and address proof such as valid passport, voter ID card, PAN card, permanent driving license, Aadhar card, NREGA job card, or ID card issued by central or state governments, PSUs, scheduled commercial banks.
  • Employment Proof.
  • Latest passport size photographs.

    Can I open bank account with my phone?

    No need for a smart phone, airtime, or internet data – any phone can achieve the task. Thanks to technology and innovation, you can now open a bank account using your mobile phone. No need for airtime or internet data to get this done – just about any phone can achieve the task.

    What documents are needed for opening a bank account?

    Documents Required to Open a Savings Bank Account

    • PAN card.
    • Passport.
    • Driving License.
    • Voter’s ID.
    • Employee ID.
    • Bank passbook.
    • Ration card.

      What address proof is required for bank account?

      Aadhaar card Ration card. Passport. Driving license. Utility bill like electricity bill, water bill, telephone bill.

      Is PAN mandatory for bank account?

      PAN card is compulsory and is required for doing most financial transactions. The I-T department has made it mandatory to link your bank account with PAN. The main reason for this is that your income tax refunds will be credited directly to your bank account.