After the whole demonetisation fiasco, it's evident just how important a bank account really is. Though India's economy is largely cash-based, bank accounts make it safer and more convenient to save money and complete transactions. Whether you're a student opening your first account, or a senior citizen finally recognising the value of one, Big Happy City shows you just how easy it is to start. Research:A quick internet search will show you the most popular banks in India. Log on to their websites and have a look at their offerings. Most private banks remain competitive, and so their services are likely to be similar. You could also ask your friends and family who they bank with, and what their experiences have been like.Locate the closest branch:Many banks now have the "locate a branch" feature right on their website, which makes it very easy to find the branch closest to your home or workplace. If they don't, a call to their generic toll number would also do the trick. Visiting the branch to talk about your options and learn more about them before opening an account may be a good idea. GET THE RIGHT DOCUMENTS Banks now request different forms of ID in order to open an account, so make sure you find out which ones you need. These usually include an Aadhar Card, PAN Card, passport copy, and your bank's application form (which may have to be filled out online). If you don't have one of these documents, ask your bank what alternatives you can provide in its place, such as a rental agreement, rent or electricity bill, or driving license.OPEN YOUR ACCOUNTSubmit your documents, and ask when your account will be ready to use. If you have not received a notification within the expected time, call or visit the bank to check on your account's status. Once it's opened, you will receive your account number, online login credentials, passbook, and debit card. And now you're ready to start making cashless transactions!Mumbai, and India as a whole, are now developing into technology-driven financial hubs, and a bank account is the first step in participating in that economic change.
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