How to Open a Current Account in Icici Bank Limited
If you want to keep our Business Transactions separate from your Personal Transactions then you need to open a current account. A current account is thus opened in the name of your business or company in order to make all its transactions segregated from personal ones. Further, it brings professionalism in your business and makes your financial transactions very convenient.
In India, there are Public Sector Banks, Private Sector Banks, Cooperative Banks, Gramin Banks, Foreign Banks, Small Finance Banks, Payments Banks, etc where you can open a current account. A current account facilitates transactions beyond the scope of a savings account or any other type of account.
Icici Bank Limited is one of the very renowned banks in India with multiple of branches across different locations that provides you all the facilities and benefits of a Current Account.
Benefits of Opening Icici Bank Limited Current Account
- Convenience
- Overdraft Facility
- Issuance of Cheque Book
- Online Transactions Facility like paying bills online
- Netbanking
- Cash Withdrawals
- No Risk of Carrying Cash
Now after having understood the underlying benefits of opening Icici Bank Limited current account, you may be most likely interested in know how to open a Current Account in Icici Bank Limited? These days it has become very simple to open a Icici Bank Limited account.
Further, it requires only 2 to 3 days to open the current account after you have submitted account opening form along with required documents. So now opening a Icici Bank Limited current account is really just a matter of providing certain details, required documents and funding your account.
Eligibility Criteria for Opening Current Account in Icici Bank Limited
Current Account in Icici Bank Limited can be opened by any of the following business entities:
- Hindu Undivided Family (HUF)
- Sole Proprietorship
- Partnership
- Private Limited Company
- Public Limited Company
- Trust
- Club
- Society
- Association
- Limited Liability Partnership (LLP)
- Foreign Institutional Investor (FII)
- Foreign National Residing in India
How to open a Current Account in Icici Bank Limited?
If you want to open a current account in Icici Bank Limited, you need to follow below mentioned steps:
Step 1: Visit the Bank Branch
You need to visit the bank branch in which you want to open your account.
Step 2: Fill up Account Opening Form (AOF) for Current Account
Get the Account Opening Form and fill up all the necessary details of the customer's information and other details in the different sections given in the form like name, address, contact number, email id, PAN, type of account to be opened, nominee's name, etc.
Step 3: Attach Required (Mandatory) Documents with the AOF
After completing filling up the account opening form, you need to attach KYC documents on the basis of type of account you are willing to open like savings account, current account, etc. These documents will also depend upon your status like Individual, HUF, Proprietor, Partnership Firm, Company, Trust, etc.
Icici Bank Limited Current Account Documents Required
Step 4: Verification of AOF & Other Documents by the Banker
Banker will verify AOF and other attached documents. If he is satisfied with these requirements, he/ she will proceed further.
Step 5: Deposit Minimum Balance Amount in the Account
After that you will be allotted an account number and you are required to deposit the minimum required balance in your account.
Step 6: Obtain Cheque Book, Passbook & Other Documents from the Bank
After that your account will be successfully opened and the banker will hand over Cheque Book, Passbook & Other Documents to you and then you will be allowed to make the transaction from your account.
If you follow above current account opening process, you can open your current account with ease.
How to Open a Current Account in Icici Bank Limited Online?
Most of the large banks offer you a facility to open Current Account Online through their website. You need to first check with Icici Bank Limited website whether it offers the facility to open the account online. If it is providing you the facility to open the account online, then you can apply for the current account opening online also. It will be a faster process and your account will be opened in no time. Just keep all the required documents ready which need to be uploaded while filling up the application form for account opening.
Important Points regarding Opening a Icici Bank Limited Account
- Select a nearby bank branch.
- Take the original KYC documents with you for verification purpose.
- Do keep your entity's stamp with you at the time of opening the account.
- For a single business, there cannot be multiple current accounts.
- Remember that a higher minimum account balance is required under a Current Account.
More Operations of Current Account
Current Account Documents Required
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