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“Management of money is an important aspect of home science” The procedure of opening a saving account. |
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Answer» Procedure of opening a saving account: If you want to open a saving account, firstly you have to go to a bank. Get a form of opening a bank account from the accountant, fill that form. This form include a specimen signature, this is very important. Because every time when you fill a cheque or a withdrawl form to draw out money from the bank your sign will be matched before giving you money. What you need to open a bank/saving account are listed below: • Fill the prescribed form • Specimen signature card • Address verification proof • Two copies of passport size photograph • Deposit slip • Cash money (Min. – ₹ 500) • Pan card Passbook is given after a week of opening the account. This passbook contains your money transaction details. A cheque book is also given to you. You can make a cheque payment by filling the columns given and signing the cheque. |
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