Overview and Bank Account Requirement of ICICI Bank

ICICI Bank or formerly known as Industrial Credit and Investment Corporation of India is one of the best banking and financial services company in India. It is the biggest private subgroup bank by market capitalization and the next largest bank in India. It was established in 1955 and its current headquarter is situated in Mumbai, Maharashtra, India.

Presently, its Chairman is K.V. Kamath, Chanda Kochhar as Managing Director and CEO and N.S. Kannan as Chief Financial Officer.

ICICI Bank has products that composed of investment business carried on by a bank, commercial banking, retail banking, private banking, asset administration, mortgages and credit cards.

ICICI Bank belongs to the Big Four Banks of India, along with its main competitors Canara Bank, State Bank of India and Punjab National Bank. ICICI bank also has a network of 2,016 branches and almost 5,219 ATMs in India and it is found in 18 countries.

It has 24 million customers at the end of July 2007. ICICI Bank is also the largest issuer of credit cards in India. ICICI Bank's shares are listed on the stock exchanges at Bombay Stock E, New York Stock Exchange, Kolkata and Vadodara (previously Baroda). Its American Depository Receipts trade on the New York Stock Exchange (NYSE).

By all of the Indian banks, ICICI Bank has the biggest international balance sheet and is expanding in overseas market. ICICI Bank now is existing in 19 nations, including a foreign arm in Mumbai.

It has arms in Canada, Russia and the UK; agent offices in Indonesia, Bangladesh, Malaysia, China, Thailand, USA, South Africa, and the United Arab Emirates; and offshore banking units in Bahrain and Singapore, an advisory branch in Dubai; and branches in Belgium, Hong Kong and Sri Lanka. ICICI Bank is also aiming the NRI (Non-Resident Indian) population in specific.

Usually, the typical fundamentals in opening a saving account in India are the afterward.

Self-attested photocopies of the following supporting documents are required to be attached with the application. Authentics thereof is needed to be produced for authentication.

i. Passport (where the address is similar as the address mentioned in account opening form)

ii. Income Tax Permanent Account Number (PAN) card. In case PAN card is not issued, Form 60/61 is to be complied.

You can also work with the following for demands in applying a new savings account in India.

1. Evidence of Identity

i. PAN sheet

ii. Voter ID sheet

iii. Passport (where place of residence or business where one can be contacted differs)

iv. ID badge of a reputed employer

v. Driving Permit

vi. Govt./Defense ID badge

vii. Photo ID badge issued by Post Office

2. Proof of Address (Any one of the following)

i. Electricity Statement

ii. Income Tax/Wealth Tax Assessment Order

iii. Credit card statement

iv. Salary slip (with address)

v. Telephone Bill

vi. Letter from a reputed company

vii. Bank Account Record

viii. Letter from any recognized public authority

ix. Ration card

B. Two current pictures (2.5 cm x 3.5 cm)

C. In case of illiterate clients, Left Thumb Impression (LTI) to be affixed and verified.

D. For opening of account of minors, where evidence of identity/address is not available, the same will be provided by the Father

ICICI Bank is one of India's most private banks. If you are concerned in opening for a bank account in ICICI bank, you must produce and ready the requirements mentioned above.