Basic Savings Bank Account - Documents Required

Eligibility

The account is available for Indian Residents above the age of 18 years only. The account is not available to individuals in the capacity of HUF Kartas. NRIs are not eligible for this account.

Customer should not be holding any other Savings Account with ICICI Bank.

Documents Required

You can open a Basic Savings Bank Account by submitting :

(a) Simplified Know Your Customer (KYC) documents. Sourced by Business Correspondent (BC) Model, or
(b) Complete KYC documents, or
(c) Self attested Photograph and signature /thumbprint (Basic Savings - Small Deposit Account)

(a) Simplified KYC documents **

Basic Savings Bank Account can be opened with Simplified KYC, if:

  • You are a resident individual from a financially excluded segment and do not have complete KYC documents. To be more specific, a residential individual who does not have:
    • Photo ID proof as per the bank's acceptable list of documents.
    • Address proof as per the bank's acceptable list of documents.
  • You do not hold any other existing account with ICICI bank.
  • You, at the time of opening your account are unable to submit complete KYC documents, are introduced by another existing savings account holder of the bank.

Basic Savings Bank Accounts opened with simplified KYC as above will be frozen on following conditions :

  • Value of all credits during the financial year exceeds Rs.1,00,000, or
  • Day end account balance exceeds Rs.50,000

(b) Complete KYC documents

You can also open a Basic Savings Bank Account by submitting complete KYC documents.

 

Complete KYC documents refer to :

  • Photo ID proof as per the bank's acceptable list of documents
  • Address proof as per the bank's acceptable list of documents


Accounts opened with complete KYC will not have cap on credit transaction limits. All the other features will remain the same.

(c) Self attested Photograph and signature /thumbprint (Basic Savings - Small Deposit Account)

You can open a Basic Savings - Small Deposit Account by submitting a self attested photograph and signature /thumbprint, if:

  • You are a resident individual from a financially excluded segment and do not have complete KYC documents. To be more specific, a residential individual who does not have:
    • Photo ID proof as per the bank's acceptable list of documents.
    • Address proof as per the bank's acceptable list of documents.
  • You do not hold any other existing account with ICICI bank.
  • At the time of account opening, you are unable to provide complete KYC documents.
  • You can provide evidence within 12 months from the date of account opening to have applied for any KYC document as specified by ICICI Bank.
  • You can provide valid KYC document within 24 months from the date of account opening.

Basic Savings - Small Deposit Account will be credit frozen on the below condition :

  • Customer is unable to provide valid KYC documents or evidence to have applied for valid KYC document to the bank , within 12 months of account opening

Basic Savings - Small Deposit Account will be frozen on following conditions :

  • Value of all credits during the financial year exceeds Rs.1,00,000, or
  • Day end account balance exceeds Rs.50,000 , or
  • Total withdrawals in a month exceed Rs.10000, or
  • Customer is unable to submit valid KYC documents to the bank within 24 months of account opening.

** New account opening under Basic Savings Bank Account with Introduction has been discontinued w.e.f. 10-Feb-2013. Existing Basic Savings Bank Account with Simplified KYC will be continued with the existing features.