Who Can Have a Bank Account – Things You Need to Know Before You Start Your Bank

Account
Anyone is allowed to have a bank account. The Reserve Bank of India has given
provisions for children and adults to have bank accounts. Children below the age of
ten are eligible to have joint accounts, which can be changed into independent
accounts once they complete eighteen years of age.

Should I have money to open a bank account? To this question, the answer is no. Not
all banks insist on depositing money into your bank account the moment you start
it. Many banks provide the option of a zero balance account. There are a few
documents, however, that you should keep handy when you are at a bank to open your
account. Most banks demand an address proof and identity proof for verification.
The Aadhaar card is one compulsory proof demanded by all banks owing to the
country’s rules and regulations. Other documents include ration card, voter’s
identity card, passport, driving license, pan card, etc., for identification proof;
and electricity bill, telephone bill, gas bill, etc., for address proof. The most
important thing you need to take care of when starting a bank account is that you
fill in all the right details in a legible manner.

Choosing Your Banking Partner

To choose a bank, you should first decide what kind of account you want. Once you
know the type of account you want to open, you can identify the bank by filtering
out a few factors. Check for banks which do not charge much; check if there are any
hidden fees, annual fees or transfer fees; check for cashing limits, digital
banking policies, interest rates and also your convenience. If you are able to find
a bank that offers you the best options and suits your financial needs, you can go
forward with that one.

Sample Letters of Request for Bank Statement

Here are some sample letters of request for bank statements for your better
understanding and reference.

Sample 1 – Bank Statement Request Letter for IT Returns

The Branch Manager

State Bank of India

Anna Nagar

Chennai – 600045

23/09/2021

Subject: Request for bank statement for IT return filing

Sir,

As I have to file my income tax returns for the financial year 2020-2021, I request
you to provide me with the bank statement from the 1st of April, 2020 to the 31st
of March, 2021 for the savings bank account. I have enclosed herewith the account
number and a copy of the passbook for your reference. Kindly do the needful.

Account number:

Thanking you
Yours faithfully,

Signature

Soumia Thomas

Sample 2 – Application for Account Statement for Loan Application

The Bank Manager

Union Bank of India

Noida

Uttar Pradesh

Pin Code – 110096

13/05/2021

Subject: Request for bank account statement for personal loan application

Sir,

I hold an account with the account number (mention your account number) at your
bank, and I require a bank statement for the past six months (13/11/2020 to
13/05/2021) to provide as proof to apply for a personal loan. Kindly do the needful
and provide me with my bank account statement at the earliest.

Thank you in advance.

Yours sincerely,

Signature

Shankar Nethran

Sample 3 – Letter Requesting Bank Statement for Scholarship

The Branch Manager

Central Bank of India

New Washermanpet Extension

Chennai – 600054

06/08/2021

Subject: Request for bank account statement for scholarship

Sir,
I am Stephen Ruben, and I hold an account with the account number (mention your
account number) at your bank. I require the bank statement for the last six months
in order to apply for a scholarship abroad.

It would be of great help if you could kindly do the needful and issue me my bank
statement at the earliest. You can mail it to name.email@gmail.com.

Thanking you

Yours faithfully,

Signature

Stephen Ruben

Frequently Asked Questions on Bank Statement Request Letter Format

Q1
For what reasons can you request for a bank statement?
People request for a bank statement for purposes such as loan application,
scholarship, IT return filing, visa application, for higher education and to
provide proof for various transactions.

Q2
How do I write a request for a bank statement to the branch manager?
I hold an account with the account number (provide your account number correctly)
at your bank, and I require a bank statement for the past six months (the dates for
which you require the bank statement) to provide as proof (state reason for request
of bank statement). Kindly do the needful and provide me with my bank account
statement at the earliest.