Question: How Can I Easily Open Bank Accounts? Ready to open a bank account but not sure how?

The process is easy, and we've broken it down into several separate steps. Use this document as a checklist if you like; you'll always know what you need to do next, and you'll find helpful ideas as you complete each step. You'd be surprised how often people ask "what is the easiest way to open bank accounts?" The answer: just get started. Open Your Bank Account Step 1: Choose an Institution You may have already done this. If not, shop around. What type of account do you want? A savings account? A free checking account? Should you use a credit union? See who has the features you want and and who offers competitive rates. Remember that you might do business with this institution for years, and it's likely that you'll use several of their services over that time.

Choosing a Bank How Credit Unions Work Best Reasons for Using Online Banks

Open Your Bank Account Step 2: Go to the Bank or Website The easiest way to get this done is to find the institutions website. Search for the bank on Google, or visit a website listed on the bank's marketing materials. The advantage of opening accounts online is that you can do it at any time, from anywhere. However, if you're only comfortable opening a bank account in person you can simply show up at the branch during business hours. Be sure to bring identification and any initial deposit that's required. Open Your Bank Account Step 3: Pick the Product You Want Any financial institution will have a variety of account types and services that you can mix and match. Theyll all have fancy names that you may need to learn, but they're basically the same products you'll find elsewhere: checking accounts, savings accounts, and loans. Pick the option that has a mix that is right for you. For example, if you'll keep a low balance in the account, be sure to use an account that keeps fees at a minimum (avoid the accounts that require a large balance in order to qualify for fee waivers). When working online, you may have to drill down to the product that is right for you. You might click Open an Account, and then click Checking, and finally Free Checking. If you open your accounts in person, you can just chat with a banker who will help you find the best account for your needs.

Checking Account Essentials CD Investment Basics

Open Your Bank Account Step 4: Provide Your Information In order to open an account, you must provide some information to the bank. They do not open bank accounts without certain details about you. This is to protect them and to comply

with a variety of regulations. Youll need to provide simple details like your name and birthday, as well as identification numbers (in the U.S. this is most likely your Social Security Number). You should also be prepared to provide a valid government ID (such as a Drivers License). If youre doing this online, youll just type the information into a textbox. If you open your accounts in person you'll hand your IDs over to the banker, who will probably make photocopies. Open Your Bank Account Step 5: Agree to Terms Youll have to agree to abide by certain rules and accept responsibility for certain actions. When you open an account at a bank, you form a relationship based on a very important subject your money. Therefore you should know what youre getting into. If you open bank accounts online, you complete this step by clicking an I Agree (or similar) button, and performing the next step. Open Your Bank Account Step 6: Print, Sign, and Mail (If Applicable) If you open bank accounts in person, this step does not apply. Skip to Step 7. If you are opening an account online, youll probably have to print, sign, and mail a document to the bank before the account is opened. Some banks may use electronic disclosure and consent that is legally binding, but many still wont open bank accounts unless you complete this step. Until they receive the documents, your account is not active. Open Your Bank Account Step 7: Congratulate Yourself! Congratulations, you are the proud owner of a new account. Now, youll just need to wait a few days to a few weeks for the bank to process your paperwork (the process is getting faster and faster -- so you might only need to wait a few minutes). Then, they will mail you anything you need for the account such as checkbooks and debit cards. Opening bank accounts is really quite easy as long as you know what to expect. Just be ready to complete the required steps.

How to Open Account

Fill in the application form for opening NRE/NRO and FCNR (B) deposits is available in our Banks website which may be used for opening the account with specific indication of the type of account required. Documents to be attached

Photocopy of your passport, visa Photocopy of Overseas Citizen of India Card (OCI)/PIO Card (for PIOs) Photocopy of Utility Bills/Driving License for overseas address proof Photocopy of PAN Card (if available)

The signature in the account opening form and the above documents should be attested by a Bank where you maintain your account or Indian Embassy or High Commission or Consulate or Notary Public or person known to the Bank.

ICICI Bank Savings Accounts Features

The ICICI Bank International debit card is a debit-cum-ATM card providing you with the convenience of acceptance at merchant establishments and cash withdrawals at ATMs. The next time you want to withdraw cash from your ICICI Bank Savings account, just walk into any bank's ATM and use your ICICI Bank ATM-cumDebit card for free. The above benefit is available free of cost for the first 5 transaction per month upto Rs 10,000 per transaction. Money Multiplier Facility Internet Banking is offered free of cost. Anywhere Banking - This facility entitles the account holder to withdraw or deposit cash upto a limit of Rs.50,000 across all ICICI Bank branches. You can give us various types of standing instructions like transferring to fixed deposit accounts at regular intervals. Non-maintenance of the minimum Monthly Average Balance* will attract charges** as given below. Nomination facility is available. Interest is payable half-yearly.

Salary Account
Where money works. For you and your employees

What's so special about ICICI Bank Salary Account?

ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees.

As an organization, you can opt for our Salary Accounts to enable easy disbursements of salaries and enjoy numerous other benefits too.

With ICICI Bank Salary Accounts your employees will enjoy the convenience of :

Having the largest network of ATMs at their command. Free 24 hour Phone Banking. Free Internet Banking.

All you would require to do is to send ICICI Bank an advice (in form of a cheque/debit instruction, ecs, etc) for the total salary amount along with the salary details of the designated employees in a soft and hard copy format and we will credit the respective employees' accounts as per your statement of advice.

ICICI Bank Salary Accounts benefits you in more than one ways:-

Reduces your paperwork. Saves remittance costs. Employees receive instant credit of salaries. More convenient than ECS.

Besides all of the above, employees will automatically become ICICI Bank account holders with special benefits and privileges of 8-8 banking, Investment advisory and much more.

ICICI Bank also has a special offering: Defense Banking Services designed exclusively for the armed forces.
Open a Current Account Requirements

Personal / Joint Account Resident

Completed account opening form 1 mandate card [ PDF ] A valid proof of Identity of each signatory (current Drivers License/ National ID/ International passport/ Student ID card-for students) Proof of address utility bills for the 3 previous months/ site visitation report/ certificate of residence/ tenancy agreement 2 passport photographs Employers letter of introduction (for salary account) Residence permit if a foreigner Answer questions on Know Your Customer (KYC) document"

Non Resident

Completed account opening form 1 mandate card [ PDF ] A valid proof of Identity of each signatory (current drivers license/ International passport) duly notarised Proof of address Utility bills for the 3 previous months/ certificate of residence/ Tenancy agreement/ Credit card statement duly notarised 2 passport photographs Employers letter of introduction / payslip/ tax clearance certificate/ bank statement duly notarised Answer questions on Know Your Customer (KYC) document "

Country specific additionnal requirements

Proof of earnings (Senegal, Central African Rep.(CAR), Chad) Tax Identification Certificate (The Gambia) 2 References (Nigeria) Alien ID in place of residence permit (Kenya) 2 letters of introduction (Kenya) PIN certificate (Kenya) National Health Insurance Card as form of ID (Ghana) Student Supplementary form or Admission form as a form of identification for students individual account (Ghana) Thumb print of the authorized signatories of the accounts Mandate Card (Tanzania)

NB: Non-Resident accounts may be subject to specific requirements in accordance with the regulations of each country. Our Customer Service officers are available for further clarification. Copies of documents should be notarized by foreign authority for non-residents.

A fixed deposit (FD) is a financial instrument provided by Indian banks which

provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. It is known as a term deposit or time deposit in Canada, Australia, New Zealand, and the US, and

as a bond in the United Kingdom. They are considered to be very safe investments. Term deposits in India is used to denote a larger class of investments with varying levels of liquidity. The defining criteria for a fixed deposit is that the money cannot be withdrawn for the FD as compared to a recurring deposit or a demand deposit before maturity. Some banks may offer additional services to FD holders such as loans against FD certificates at competitive interest rates. It's important to note that banks may offer lesser interest rates under uncertain economic conditions. The interest rate varies between 4 and 11 percent.[1] The tenure of an FD can vary from 10, 15 or 45 days to 1.5 years and can be as high as 10 years.[2] These investments are safer than Post Office Schemes as they are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC). However, DICGC guarantees amount upto 1,00,000 per depositor per bank.[3] They also offer income tax and wealth tax benefits.