Opening of Saving & Current Accounts

 Steps for opening a Savings or Current Accounts in the name of Customers

There are some steps to open an account in the bank. To open an account, we must follow that steps. The relationship between the customer and the banker begins with the opening of an account in the name of the Customer. 
The steps to open an account in the name of the Customer are,
  1. Application on the prescribed form
  2. Introduction of the applicant
  3. Obtaining specimen signature
  4. Receiving initial deposit
  5. Opening the Account
  6. key

Application on the prescribed form

To open an account in a bank the customer has to fill the application form given by the Banker and submit it to the bank for the opening of the account. Filling out the application form is very easy. We just fill in our details like name, address, phone number, occupation, etc.

Introduction of the applicant

The next step is to open an account in the bank is introduce the customer itself. This is why is that the banker has to satisfy himself with the identity of the customer before the opening of an account in the name of the customer. 

Obtaining specimen signature

After the completion of the introduction of the applicant, the customer is required to give his specimen signature to the bank.

Receiving initial deposit 

After the above formalities are over then next the bank receives the initial deposit from the customer to his account.

Opening the account

After receiving the initial deposit then the banker can open the account in the name of the customer.

kyc

The last process of opening an account in the bank is KYC. KYC means Know Your Customer. This is a process of obtaining information about the identity and address of the customers. The process helps to ensure that the bank's services are not misused.

The process for opening an account in the bank is very simple. We just fill our details in the application form and give our signature then the banker will verify the details and signature and give the amount for the opening of the account and last we can open our account in a bank with the help of the banker.


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