How to open a bank account in India?

To open a bank account in India, an applicant must possess a list of papers that are required by all Indian state-owned and commercial banks to fulfill Know Your Customer (KYC) standards.

In India, where the government is attempting to digitize the entire banking infrastructure with the help of IndiaStack, the world’s largest open API-based technology, having a bank account has become a need to access any financial service or purchase a financial product. Having a bank account has become a need to access any financial service or purchase a financial product in India, where the government is striving to digitize the entire banking infrastructure with the aid of IndiaStack, the world’s largest open API-based technology.

There are some of the mandatory documents that you need to open a bank account in India. This list may vary from bank to bank.

How to open a bank account in India?

Follow these four steps to open your account after you have all your documentation ready:

Visit Bank Branch or Apply Online

To get a bank account opening form, you must visit the bank’s branch or online. Personal information such as name, permanent address, birth date, parents’ or spouse’s names and signatures are required on this form in order to agree to the fundamental terms and conditions of the bank.

For KYC, you must provide proof of your identity

The Reserve Bank of India has ordered that Indian banks only allow the creation of a bank account if specific papers are shown as evidence of identification.

The new account opening requires users to provide necessary papers such as an Aadhaar card or PAN card as well as two current pictures of themselves to be considered for the opening. Depending on the bank, further verification documents may be required.

Wait for Bank to Assess Documents and get your approval for your bank account

After applying for your bank account, you need to wait for some time to get your bank account approval. This usually takes around1-2 working or business days to get it done. Although some of the banks may get you this done a bit early in like an hour or two, it depends on the bank itself.

Get your Account details and other important things like Cheque Book, ATM card, etc.

New account opening is sanctioned after the bank confirms your paperwork by evaluating the proofs you’ve supplied, and you’ve given your bank account number and a customer ID to enable internet banking. In online banking, transactions are conducted electronically through the internet, rather than at a physical bank branch.

With the debit card, you may access your bank account and carry out financial activities immediately after enrolling. You can make payments using a plastic debit card supplied by your bank instead of cash.

By visiting a bank ATM, you must pick a new pin for your debit card as part of the necessary requirement. Chequebooks and other tools are also given to assist in the movement of monies from one account to another. Using a check, you direct a bank to make a financial transfer from one account to another in your name.

Only through the combined efforts of the government, the business sector, and other industry stakeholders was it feasible for the country to go from having no banking to taking aggressive measures to grow to the bank.

Aadhaar Card

The initial step to getting a bank account is getting your aadhar card if you don’t have one. The backbone of IndiaStack, Aadhaar—a verified 12-digit identity number provided by the Unique Identification Authority of India based on a customer’s biometric and demographic data—has proven essential in enabling citizens to create bank accounts. The Aadhaar card has replaced other forms of identification, evidence of residence, and proof of the bank account holder’s phone number as the only legal proof of identity, domicile, and phone number required to create a bank account.

Permanent Account Number (PAN)

The Income Tax Department of India issues the Permanent Account Number, or PAN, which is a 10-digit unique alphanumeric number. The PAN allows the tax department to identify and link all of the PAN holder’s transactions, including tax payments, income returns, and specified transactions.


Tamil Nadu, India. Photo by Church of the King on Unsplash