Quick Answer: Can Bank Account Be Open Without Aadhar Card?

Which bank allows online account opening?

You choose to open a savings account online as well as operate it via Internet Banking and the Axis Mobile App or visit your nearest Axis Bank branch to do so..

How can I get direct deposit without a bank account?

Popular Alternatives to Direct DepositDigital payments. Digital payments through platforms like PayPal have opened up new payment methods to businesses and individuals. … Paper checks. While paper checks have been used for quite some time, mobile check deposits are making them more convenient. … Online banks. … Prepaid debit cards.

Is Aadhaar card enough for KYC?

RBI has updated its OVD (Officially Valid Documents) list and has added “Proof of possession of Aadhaar number” for opening a bank account. It is not mandatory to furnish Aadhaar to open a bank account at present. …

Can I open bank account online without Aadhar card?

RBI has relaxed the KYC/AML norms, to permit resident individuals, to open and operate savings bank accounts online, without him/her having to visit the bank branch; subject to certain operational restrictions. …

Is Aadhaar Ovd?

as e-Aadhaar, masked Aadhaar and offline electronic Aadhaar xml pro UIDAI, which are various forms of Aadhaar, as Officially Valid Documents (OVD) for KYC purpose.

How can I open a bank account without any documents?

Driving Licence. Voters’ Identity Card. PAN Card. Aadhaar Card issued by UIDAI and.

Which SBI account is best?

SBI’s savings bank account A savings bank account is a basic account that safeguards customer’s money. SBI pays an interest rate of 3.5 per cent per annum on saving deposits balance up to Rs. 1 crore. Saving deposits balance above ₹ 1 crore pays 4 per cent per annum interest rates.

Is PAN card necessary for bank account?

The Reserve Bank of India (RBI) has made Aadhaar and PAN cards mandatory for opening bank accounts. The updated circular said Aadhaar and PAN numbers must be quoted for new bank accounts. …

Is Aadhaar card a KYC document?

KYC or Know Your Customer is a compulsory process that most mobile companies and financial institutions require their customers to complete. Although an Aadhaar card can be used as a KYC document, the entire KYC process still takes a relatively long period of time to complete due to documentation.

Can I open bank account without KYC?

State Bank of India or SBI, the largest commercial lender of the country, offers a zero balance savings account, which can be opened by customers who do not have know-your-customer (KYC) documents. Banks usually follow a strict KYC procedure before customers open their accounts.

Which bank has zero balance?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account. … YES Bank Smart Salary Advantage. … IndusInd Bank-Indus Online Savings Account. … DBS-DigiSavings. … Kotak Mahindra Bank-811 Digital Bank Account. … HDFC Bank – Basic Savings Bank Deposit Account. … SBI – Basic Savings Bank Deposit Account. … Standard Chartered Basic Savings Bank Deposit Account.

How can I open a zero balance current account?

Documents Required for Opening Zero Balance Current Account Proof of Identity: PAN Card. Voter ID Card. Passport. Driving License. Aadhaar Card. Proof of Address: Utility Bills (electricity, water, telephone etc.) Rent Agreement. Bank Statement. Ration Card. Passport. Driving License.

Is Aadhaar mandatory for opening bank account?

“It is very convenient to open a bank account using an Aadhaar card. … Kumar said with Wednesday’s judgement of the Supreme Court, Aadhaar card will not be mandatory and customers’ can voluntarily opt for submitting Aadhaar card for opening accounts.

Can I have two SBI accounts?

Yes, you can have multiple SBI accounts in different or same branches and can even link both the accounts with that username. There is nothing illegal for a person to have two Bank accounts with SBI with same identity proof. Not only that, he can link his both accounts also.

Is Aadhaar a proof of citizenship?

Aadhaar is the world’s largest biometric ID system. … Considered a proof of residence and not a proof of citizenship, Aadhaar does not itself grant any rights to domicile in India.

Can I open SBI account without Aadhar card?

To open the savings bank account, the customer will require to download YONO app in his/her smartphone instead of visiting a bank branch. Further, only PAN and Aadhaar number are required to open the instant digital savings bank account with SBI.

Is KYC compulsory for bank account?

You can not open any of the accounts without the Know Your Customer Documents. In fact, it is now mandatory as per guidelines from the Securities and Exchange Board of India to comply with these KYC norms before you open a demat and trading account. Banks too will not open an account unless you have the same.

Is Pan necessary to open bank account?

Aadhaar and PAN card mandatory for opening of a bank account, says RBI. Account will become inaccessible until Aadhaar and PAN/ Form 60 is submitted by the customer. Customers not having Aadhaar and PAN may also open bank accounts.