Need suggestions for individual current account

[imdjay]

Y not get udyam registration. Its too easy. Nothing required.

About to post the same.

 

[techprince]

SBI General, BOB Lite/Advantage/Smart, PNB Regular, HDFC Biz Lite+/Vyapar Current Account/Startup Current Account, ICICI, Axis, IndusInd.

 

[SSquad]

SBI General, BOB Lite/Advantage/Smart, PNB Regular, HDFC Biz Lite+/Vyapar Current Account/Startup Current Account, ICICI, Axis, IndusInd.

Please share your experience, how many current accounts do you have and documents submitted.

 

[drvirag]

It is unable to fetch ckyc from yesterday. I think branch is only option.
@Ram1

 

[Ram1]

It is unable to fetch ckyc from yesterday. I think branch is only option.
@Ram1

Yeah branch is safe too, they won't block accs

 

[techprince]

Please share your experience, how many current accounts do you have and documents submitted.

My requirement was zero balance individual current account. After researching extensively, only BOB allowed it without any documents. Later i registered for udhyam and a few more options opened like AU, Yes Blitz, Kotak 811 Business, Indusind Merchant Plus Basic Account. I took Kotak 811 Business but Kotak has serious freezing issues in their 811 accounts. Mine was also freezed so i am using BOB Lite for now. No issues so far.

 

[palen]

Can I ask why do people want to use current account for personal use? What is the use case or advantage?

 

[SSquad]

My requirement was zero balance individual current account. After researching extensively, only BOB allowed it without any documents. Later i registered for udhyam and a few more options opened like AU, Yes Blitz, Kotak 811 Business, Indusind Merchant Plus Basic Account. I took Kotak 811 Business but Kotak has serious freezing issues in their 811 accounts. Mine was also freezed so i am using BOB Lite for now. No issues so far.

Individual current account not listed in the BOB lite page

 

[drvirag]

@Ram1
Canara wale location per aa k hi ac open karte hain. Not possible without visit.
U can try bob.
Everywhere else udyam is mandatory.

 

[Ram1]

@Ram1
Canara wale location per aa k hi ac open karte hain. Not possible without visit.
U can try bob.
Everywhere else udyam is mandatory.

Yes bro
Seems like RBI gave serious instructions to banks not to open individual accs without verifications.

I visited another hdfc today, they told without business they can't open account. After opening account, welcome letter will come then they will visit business to verify welcome letter.Only aadhar pan needed. So i dropped

 

[Ram1]

Individual current account not listed in the BOB lite page

All Individuals including Minors of age 14 years and above.

 

[SSquad]

All Individuals including Minors of age 14 years and above.

Do you think this is true?

I checked the documents required and found no such information.

 

[Ram1]

Do you think this is true?

I checked the documents required and found no such information.

Where did you checked?

 

[SSquad]

Where did you checked?

Same link next to eligibility criteria.

 

[Ram1]

Same link next to eligibility criteria.

That is just for required business docs. Since individual acc doesn't need business proofs so not listed there

 

[techprince]

Individual current account not listed in the BOB lite page

Read the eligibility carefully.

 

[SSquad]

That is just for required business docs. Since individual acc doesn't need business proofs so not listed there

Read the eligibility carefully.

I don't trust BOB or any PSU, when it comes to information available on the website. At the branch they have a different set of requirements.

 

[techprince]

I don't trust BOB or any PSU, when it comes to information available on the website. At the branch they have a different set of requirements.

Many people already have it, including me. They dont ask for any proof, they will only ask verbally.

 

[hender]

Need help in choosing best individual current account.
Requirements
1. Should be opened with just aadhar & pan, has no business proof
2. Need free cash deposit limit min 2Lakhs
3. No physical verification
4. Can maintain mab upto 25k

Options so far
1. Hdfc biz lite 10k mab 2L free cash deposit
But for this BM visit is mandatory at business location, as they need photo with BM. Felt strange

Any suggestions would be appreciated

How you will file ITR ?

 

[Anupama_Jha]

Not having good relation with BOB bm.
Fought with him regarding masterstroke account earlier.

And lunch ke bad aana bank is good? No physical verification?

Only UDYAM needed. For better experience, launch a complaint before going branch. That's what I do before visiting any PSU for 1st time.