Bank account opening requirements and types

Opening a bank account requires specific documentation and varies based on the account type and the age of the applicant. For standard adult savings accounts, individuals typically need proof of identity and address, such as an Aadhaar card, driving license, passport, or voter ID, along with a PAN card and passport-sized photographs to satisfy Know Your Customer (KYC) regulations.

Business owners seeking current accounts may need additional documentation, including GST certificates or Udyam registration. Unlike savings accounts, which are designed for personal use and earn interest, current accounts are intended for high-volume business transactions and generally do not earn interest.

When opening accounts for minors, the process differs as the account is often operated by a parent or guardian. Documentation for minor accounts includes the child's birth certificate or proof of age, alongside the KYC documents of the parent or guardian.