Opening a Bank Account Online in SBI

Contest Entry By:
Ramya Ramamurthy
Author at Durofy

Status: Shortlisted

Opening account bank online in SBI

Raju turned 18 and it was the best day of his life because he was blessed by many elders with cash as presents. Being a responsible teenager who has been taught the beauty of saving planned to open a bank account and save the money that he received as present.

He approached the nearest State Bank of India with all the documents that would be required for opening an account. But to his utter disappointment everything with opening the account did not go well. He was asked to wait for an hour to receive the account opening form. Certain fields weren’t clear to him and when he enquired the officer who offered him the form, what should be filled he got a cold response. After struggling with the form for an hour, he finally filled it up and took it to the officer for submitting. Only then he was informed that the person who is supposed to look into opening accounts was on leave and hence he has to come back another day preferably on a week day.
Raju was totally frustrated with how events turned out to be and cursed his fate for that day. Had he known that bank account can be opened up online, he wouldn’t have wasted so much time and energy in the bank.
State Bank of India has introduced a new feature, opening accounts online. With this there is no need to waste time in going to the bank and filling out the green form which has unreadable words and wait for the officer to turn up to open the account.

Step 1:

Before starting the process of filling out the form online, you need to make sure that you have the details of all the necessary documents that would be required to fill out the form. This would include the address proof and identity proof that you are intending to furnish in the form. If you have a passport, it can be used both as an address and identity proof and submitting that alone as proof is sufficient. Whereas, in other cases there is a need to submit separate documents mentioned in the KYC form (Know Your Customer) as proof of address and identity. IT pan card number needs to be filled out. If you own a pan card, fish it out before starting to fill out the form.

Step 2:

Open the website of SBI. Make sure that you are using Internet Explorer 7 and above or Mozilla 3 and above. This account filling page does not open up in Google chrome since it has not been made compatible with it. There is no point in accusing the speed of the internet when the page is not going to open with Google Chrome.

Step 3:

The first section to be filled out will be Customer Information Section. The basic details about you or about the person for whom this account is intended has to be filled out in this section. That would comprise the Part A of the form. Once this section has been filled out a temporary customer reference number (TCRN) would be generated. This number would be required to alter this part of the form later and it is also required to fill out the Account opening form.

You can proceed straight away to fill the account details or you can save and proceed with it later with the help of the TCRN Number. This TCRN is valid for 30 days from the day it was initiated. This will also be received in the mobile number that had been given in the form.

Step 4:

Once the TCRN is generated, you get to fill additional details about yourself which includes the income you earn annually and your education. At the end of the form you need to furnish the details of your pan card. In case you don’t own a pan card then you can fill out the form 60/61.

This will take you to the next page where you have to fill it out with identification details such as address proof and identity proof. This completes the customer identification form.

Step 5:

The next part of the form is the account opening section. Here, one has to fill up the details of the applicants. In case the accounts have multiple holders then the TCRN for each separate holder which was created by filling the customer identification form has to be furnished here. Along with that you can set the rights or limits for each holder as to how they can access the account. You also need to mention the branch that you are intending to approach. The branch code can be obtained from the branch locator link that is available in the form. Here, you need to mention the ATM Card and the internet banking facility you intend to you and the limits for each holder if any. Completion of this form would take you to the nomination form where you can nominate a person to your account.

Step 6:

Saving all this details would generate Temporary Account Reference Number or TARN. This number is valid for 30 days from the day it was generated. Note down this number as it would be required to print out the filled out application.

Step 7:

Print out the filled out account opening form. Though account opening has been made online, these people still haven’t figured out the solution for dozen signatures on the form. The form requires about 7 – 8 signatures which can be done before the officer. Take this print out, the identification documents in original as well the copies of the same, photos of oneself and the other holders and the cash you wish to deposit in the account.
Approach the person who is responsible for account opening in the branch or the assistant manager. Submit the documents and the filled out form. As soon as he verifies it, the passbook will be printed. You can make your deposit and the get your passbook attested. This hardly takes more than 10 minutes, but you may have to wait to make your deposit in your account based on the crowd in the bank on that day.

The ATM card and the internet banking details will reach your communication address within a week’s time. The facility helps open the account through online easily without spending too much time in the bank under the mercy of the officers. Since the TARN generated is valid for 30 days it is easy to finish the last leg of the account opening on a free day.

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