How to Open an Account in the Bank of India? Documents Required, Account Opening Process, etc.

Savings Account is a basic requirement for any banking service. Bank of India is a public sector bank that provides savings accounts to users.

You can easily avail of the savings account by applying for the savings account in BOI. Currently, the bank only offers offline account opening, i.e. you’ll have to visit the nearest bank branch of the Bank of India.

In this article, we will discuss how to open an account in the Bank of India? documents required, account opening process, etc.

But first, let’s find out different types of Savings Bank accounts.

Types of Savings Bank Account offered by Bank of India

The following are the types of Savings accounts offered by the Bank of India–

Star Suraksha SB Plus Account

• This account is specifically designed for Individuals, except Minors, NRIs, and accounts under Diamond Category
• Average Quarterly Balance (AQB) – Rs.500
• Personal Accidental Death Insurance Cover – Rs.50,000
• The initial minimum account opening Balance to start the account is Rs.500/-
• Interest Rate offered 2.90% p.a.

Savings Bank Ordinary Account         

• Initial Deposit & Average Quarterly Balance – Rs. 500 (For Cheque Book Operated Accounts) and Rs.100/- (for non-cheque book accounts)
• Internet banking facility will be provided
• Unlimited ATM transactions (Only at BOI ATMs)
• This account is designed for individuals, Illiterate Persons, Blind persons, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI

BOI Savings Plus Scheme        

• Average Quarterly Balance – Rs. 25000 (Savings Account) & Rs. 5000 (Term Deposit)
• Auto Sweep Facility Available

BOI Super Saving Plus

• Auto Sweep Facility
• Nomination Facility Available

Diamond Saving Bank Account           

• Free Issuance of International Platinum card
• No Initial Deposit

BOI Star Yuva Account

• Complimentary Personal Accident Insurance
• Internet Banking available

BOI Star Mahila SB Account   

• Exclusive Account for Women
• Average Quarterly Balance – Rs. 5000

BOI Star Senior Citizen SB Account    

• Average Quarterly Balance – Rs. 10000
• Group Personal Accident Death Insurance – Rs. 5 lakh

SB Account for Pensioners     

• Zero Balance Savings Account
• Group Personal Accident Death Insurance – Rs. 5 lakh

Documents Required for Bank of India Account Opening

The following are the documents required for Bank of India Account Opening-

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

Account Opening Process for Bank of India

The following are the account opening process for Bank of India-

• Visit the nearest Bank of India Branch
• Now, Ask the bank representative for the account opening form
• Fill out the form with correct details like name, address, PAN Card, Aadhaar card number, etc.
• Now, Attach the documents mentioned above along with the application form and initial deposit money
• Submit these documents to the bank representative and the bank representative will review your application and forward it to further processing
• After the processing of your application is completed, you’ll be notified about the successful account opening and you’ll receive the bank starter’s Kit within the next 7 working days, the starter’s kit will contain, your debit card, passbook, etc.

Note- While filling out the application form, make sure to tick all the services that you want to avail like mobile banking, SMS banking, Net Banking, etc.  

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