What are the requirements for opening a savings account?

The requirements for opening a savings account may vary depending on the bank or financial institution. However, some common requirements are:

1. Proof of identity: You will need to provide a valid governmentissued ID such as Aadhaar Card, Voter ID, PAN Card, Passport, or Driving License.

2. Proof of address: You will also need to provide proof of your current address, which could be your Aadhaar Card, Voter ID, Passport, or a utility bill like electricity bill, telephone bill, or gas bill.

3. Minimum deposit: Most banks require a minimum deposit to open a savings account. The minimum deposit amount can vary depending on the bank and type of savings account.

4. Age: You need to be at least 18 years old to open a savings account in your name. However, some banks may allow minors to open a savings account with a parent or guardian as a joint holder.

5. Photograph: You will need to provide a passportsized photograph for opening a savings account.

It's always a good idea to check with your chosen bank or financial institution for their specific requirements for opening a savings account.