Quick Answer: Can we open account anywhere in India?

Can I open bank account anywhere India?

1) The finance ministry has now allowed banks to open accounts with current address even if there is a mismatch with the one on Aadhaar card. … The current address rule applies only for opening of bank account and not for any other purpose.

Can I open account in other city?

If you are going to move cities, you will need to submit proof of your new address as validated by your passport, driving licence or voter card, within three months of opening a bank account. … As a result, in late October, the government provided a three-month window for the account holder to comply with the norms.

Can you open a bank account in any state?

No, a bank branch will not open an account for you in a different state. Each state has significant local law and regulation, and a banker in CA is very unlikely to hold credentials for AK.

Can you open a bank account in any branch?

You can open a bank account in person by visiting the branch, or you can do it via phone or online – you’ll still need to provide the above details, but you might still have to visit a local branch so they can make copies of your documents.

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Is PAN card necessary 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.

Can I open a bank account with Aadhar card?

For opening a bank account you need certain documents. Without them, you cannot open a bank savings account. Documents that you need to open a savings account in a bank are – your valid photo identification proof like Aadhaar card or PAN card, passport, driving license etc.

What are the documents required for open bank account?

Documents Required to Open a Savings Bank Account

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

Can I open SBI account anywhere in India?

With over 9,000 branches across the country, customers can choose to open a savings account closest to them and enjoy the convenience that comes with a savings account.

Can I open bank account online?

Opening a bank account online is quick and easy. It can take just minutes and save you a trip to a bank branch. … The top online banks are FDIC-insured and offer higher rates than typical brick-and-mortar banks, and they often charge low or no fees.

Can you live in one state and bank in another?

The branch in your resident state technically will be considered your home branch, although you can use branches anywhere. This is important if you’re trying to open a bank account out of state because you want to shield assets from garnishment after a judgement against you.

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Which bank is best for LLC?

The best business checking accounts for LLC owners are:

  • Chase Bank: Best overall for free checking with low account balances.
  • Bank of America: Best for cash-based LLCs.
  • Capital One: Best for LLCs with high-volume transactions.
  • Wells Fargo: Best for growing LLCs.
  • Axos: Best for newly registered LLCs.

Can I open bank account without local address proof?

There is now no requirement of submitting two separate documents for proof of identity and proof of address. If the officially valid document submitted for opening a bank account has both, identity and address of the person, there is no need for submitting any other documentary proof.