What are the three party payments in India - How to open a bank account in India

　　How to open a bank account in India

　　India, being the most populous country in the world, attracts a lot of investment. Opening a bank account is the basis for accessing financial services and purchasing financial products. Here is a detailed guide on how to open a bank account in India.

　　**Requirements for opening a bank account**

　　1. **Aadhaar card**

　　- The first step is to apply for an Aadhaar card (if you don't already have one.) The Aadhaar card is a 12-digit identification number issued by the Unique Identification Authority of India (UIDAI) on the basis of a customer's biometrics and demographics, and is an important document for opening a bank account.

　　2. **Find a Registry**

　　- In order to register your Aadhaar card, you need to visit the nearest Aadhaar enrolment centre. Make an appointment with Aadhaar Seva Kendra, the Unique Identification Development Authority of India, to ensure that the information is accurate.

　　3. **Checking the status of Aadhaar**

　　- Use the Enrolment ID (EID) to check Aadhaar status. If you are unable to retrieve the EID, you can retrieve it using the registered mobile number.

　　4. **Download your Aadhaar**

　　- You can download an electronic copy of your Aadhaar card, which is a necessary step to open a bank account.

　　5. **Permanent Account Number (PAN)**

　　- PAN is a 10-digit unique alphanumeric number issued by the Income Tax Department of India to identify and link all transactions.

　　6. **Application through the PAN Application Centre**

　　- You can submit the PAN application form at the PAN Application Centre of UTI Infrastructure Technologies and Services Limited or National Securities Depository Limited.

　　7. **Online application**

　　- You can also apply for a PAN card online through the NSDL website, following five simple steps.

　　**Steps for opening a bank account**

　　1. **Application in person at a bank branch or online**

　　- Visit a bank branch or visit the bank's website to obtain a bank account opening form and fill in your personal details.

　　2. **Submission of KYC supporting documentation**

　　- Submit mandatory documents like Aadhaar card or PAN card with two recent photographs.

　　3. **Pending bank appraisal documents**

　　- Banks usually take one or two days to evaluate the documents submitted.

　　4. **Collection of your account details, debit card and online banking details**

　　- Once the bank approves the account opening documents, you will be provided with a bank account number, customer ID, and online banking and debit card information.

　　By following these steps, you can successfully open a bank account in India and enjoy the convenience of financial services.