How to Open a Bank Account in Bank of India? Documents Required, Account opening process, etc.

Nowadays, a savings account is an account that every individual has and is a basic requirement for managing money. There are many banks available but Government Banks in India is what most people use as it is believed to be the safest place to park your funds.

The individuals can use their savings account to connect various financial tools together like salary, insurance policies, government schemes, etc.

Bank of India is a public sector bank that has branches all over India where you can open a bank account by filling up an application form for account opening.

In this article, we will discuss How to Open a Bank Account in the Bank of India? Documents Required, Account opening process, etc.

How to Open a Bank Account in Bank of India?

The following are the step by step instructions that you can use to open a bank account in the Bank of India-

• Visit the bank premises of Bank of India and ask for the account opening form from any bank representative
• After getting the form, start filling the form with correct details like name, address, PAN card details, Aadhaar details, etc.
• After filling the form, submit the form with documents mentioned below along with the initial deposit amount
• After submitting the form, the bank representative will review the form and further forward it to internal department for account opening process
• After successful account opening, you’ll receive an SMS containing details related to your bank as well as shipment details of your starter’s kit
• You’ll receive a starter’s kit containing your cheque book, Bank of India debit card, mobile banking and internet banking activation details.
• After receiving the starter’s kit, the first thing you should do is to activate your BOI mobile banking and activating your Bank of India net banking

Documents Required for Opening Bank Account in Bank of India

The following are the documents required for opening a bank account in the Bank of India-

• Passport Size photograph

Proof of Identity (any one document):

• PAN Card (Mandatory)
• Aadhaar Card (Mandatory)
• Passport
• Voter ID card
• Defense ID card
• ID cards of reputed employers
• Driving Licence

Proof of Address (any one document):

• Aadhaar Card
• Credit Card Statement
• Salary slip
• Income/Wealth Tax Assessment Order
• Electricity Bill
• Telephone Bill
• Bank account statement
• Letter from reputed employer
• Letter from any recognized public authority
• Ration Card

Minimum Maintenance Balance of Bank of India Savings Account

The minimum maintenance balance is the minimum amount that the account holder must maintain in a given period of time.

Bank of India also mandates, the customers to maintain the minimum amount in their bank. The following are the minimum maintenance balance of Bank of India along with the charges for non-maintenance-

Rural / Semi-Urban	Amount
Maintenance of minimum Average Quarterly Balance(AQB)	Rs. 500/-
Minimum Balance Charge	Rs. 100/- per quarter
Rural / Semi-Urban
Maintenance of minimum Average Quarterly Balance(AQB)	Rs. 1000/-
Minimum Balance Charge	Rs. 200/- per quarter

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