How to Open Saving Bank account in Bank of Baroda? - Legal Gyan

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Wednesday, October 23, 2019

How to Open Saving Bank account in Bank of Baroda?

How to Open Saving Bank account in Bank of Baroda? 

Hey guys, today's topic is very important for those people who want to open a Bank account in the Bank of Baroda. The applicants must have the concern to know about banks and steps to open a bank account. The concerned applicant visited the right place here we will provide you all the answers to the query that is in your mind. We are going to discuss steps to open a bank account but before it, we should know about the bank that's are very important to us. So, let's get started to discuss the bank.

What is Bank of Baroda?

It is an Indian multinational, public sector banking and financial service Company. It is the second-largest public bank in India. It is ranked 1154 in Forbes global 2000 lists. It has a network of 9583 branches and 10441 ATMs in India according to 2017, this is the great number that maintained by BOB Bank.

What are the Eligibility criteria to Open saving account in BOB Bank? 

•    The person who is applying for saving account in Bank of Baroda should be a citizen of their own country.

•    The applicant should be 18 years and above to be eligible, Exception in case of minor account. In the case of a minor account, the applicant can open an account on the behalf of their parents, in this case, all the proof, KYC documents are required of the parents. • The applicant required to have a valid KYC document that is required during filling form.

•    After the completion of the form process applicant should make an initial payment.

What is the Requirement of KYC documents?

•    Proof of identity - Voter's ID Card, Passport, Driving License, etc.

•    Proof of address - Voter's ID Card, Passport, Driving License.

•    PAN Card.

•    Form 16 (required only if PAN Card are not available.

•    Two latest passport size photographs are needed in the form.

What are the Steps to Open Bank saving Account in the Bank of Baroda?

The applicant should have to visit the Bank for an application Form.

•    Ask the executive to fill the form.

•    Fill the required form, all the fields should fill to avoid the rejection of the form.

•    All the Documents are to be ready to submit with the filled application form.

•    The applicant will be required to submit a form with the KYC documents in the Bank.

•    The executive of the bank will verify all the documents like the name of the applicant, Date of birth, address, signature, etc. Once the verification process is over, the applicant will be required to make an initial payment.

•    Once all the processes given above are completed then the executive will provide you all the necessary bank documents and now you can take all benefits of the bank and make the transaction.

Hope, you have understood all those things. If you completed all the process and executive handover all necessary bank documents, then congratulations you can take benefits of the bank account and enjoy making a transaction.

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