BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not required for opening a bank account?
A
Identity proof
B
Address proof
C
Recent photographs
D
Domicile certificate
Explanation: 

Detailed explanation-1: -1 Answer. Domicile Certificate is not required for opening a bank account.

Detailed explanation-2: -Small Account – Bank Account in India Thus, opening of a Small Account does not require any identity or address proof documents.

Detailed explanation-3: -It is a document issued by the Chartered Accountant for establishing ones identity for the purpose of opening the bank account in the name of business. It is generally used by the banks in case of proprietorship only.

Detailed explanation-4: -To open an account to manage your finances otherwise known as a bank account, you now only need proof of ID using either a valid driving license, passport or National ID card. Modern online financial institutions can now help customers open a bank account with no proof of address.

There is 1 question to complete.