Question

Describe the process of opening an account in SBI Bank​

Answer 1

Answer:

Click on “apply now”. Choose “savings accounts”. Fill in the application form - name, address, date of birth and other various details - and click on submit. Once the details have been submitted, the bank will intimate the applicant to visit the branch will the requisite KYC documents - proof of identity and address.

Explanation:

Steps to Open a Savings Account with State Bank of India(SBI)

To open a SBI savings account at any SBI Bank branch, customers will have to follow the steps mentioned below.

Visit the SBI branch closest to you.

Request the bank executive for an account opening form.

On the account opening form, applicants will have to fill in both the parts.

Form 1 - Name, address, signature, various other details and assets.

Form 2 - Customers will have to fill in this part if they do not have a PAN card.

Ensure that all the fields have been entered and are correct. The details mentioned in the application form should match those mentioned in the KYC documents that have been submitted.

The customer will now have to make an initial deposit of Rs.1,000.

As soon as the bank completes the verification process, the account holder will be granted a free passbook and cheque book.

Simultaneously, customers can submit the internet banking form.

Answer 2

Explanation:

How to Open a Bank Account

Choose a Bank or Credit Union.

Visit the Bank Branch or Website.

Pick the Product You Want.

Provide Your Information.

Your Financial History.

Consent to the Terms.

Print, Sign, and Mail (If Required)

Fund Your Account.