The document describes the process and requirements for opening a savings account at a nationalized bank in India. It discusses how the student Sandeep Damushte visited the State Bank of India branch in Kharepatan to open an account. It outlines the various documents required such as address proof, identity proof, nomination form, and account opening application. The document also discusses the importance of opening a bank account and how it helps with independence, cash management, and status. The methodology section explains the process followed and purpose of documents. The conclusion expresses confidence in banking and recommends the bank provide ATM facilities.

1. K.S.P.M.’s
Udyogshri Prabhakar Laxman Patil Junior College
of Science Commerce & Arts.
Kharepatan. Tal.- Kankavali , Dist.- Sindhudurg.
2013 - 2014
Subject : Book Keeping & Accountancy
Project Name : PROCEDURE OF OPENING SAVING ACCOUNT IN
NATIONALISED BANK.
Name of Student : Sandeep Atmaram Damushte.
Class - XI Div. - A Roll. No. -27
Board Exam. No. - E - 045459
Name of Guide : Mr. Ajay Janardan Gursale. ( M. Com. B.Ed.)
Cordially submitted to Maharashtra State Secondary & Higher
Secondary Education Board, Pune. Division – Ratnagiri.

2. Udyogshri Prabhakar Laxman Patil Junior
College of Science Commerce & Arts.
Kharepatan.
DECLARATION
Mast./Miss. Sandeep Atmaram Damushte.
Std. - XI Div. - A Roll No. - 27
Board Exam. No. - E - 045459
I hereby declare that the Project named Procedure
of opening saving account in the nationalised
bank of the Subject – Book Keeping & Accountancy
completed by me as per Maharashtra State Secondary
and Higher Secondary Education Board, Pune. Division –
Ratnagiri.
Date : 31 / 03 /2013
Place : Kharepatan
Students’s Signature

3. Udyogshri Prabhakar Laxman Patil Junior
College of Science Commerce & Arts.
Kharepatan.
CERTIFICATE
This is to certify that
Mast./Miss. Sandeep Atmaram Damushte.
Std. – XI Div. – A Roll No. - 27
Board Exam. No. - E - 045459
has completed his / her Project Work titled as
Procedure of opening saving account in the
nationalised bank under my guidance during
academic year 2013 – 2014.
Project Oral Total
Marks
Obtained
14 4 18
Maximum
Marks
15 5 20
Date : 31/03 / 2013
Place : Kharepatan
Guide Sign. College Seal Principal Sign.

4. VISIT CERTIFICATE
This is to certify that
Mast./Miss. Sandeep Atmaram Damushte
Student of U.P.L.Patil Junior College, Kharepatan.
Std. – XI Div. - A Roll No. - 27
has visited our office / institute on 01/01/2013
for educational visit to collect information of
the said project.
Date : 01/01/2013
Place : Kharepatan
Sign.
State Bank Manager
of India Milind N.Jaokar

5. INDEX
Sr. No. Particulars Page
No.
Part - 1
1 Title Page A
2 Declaration B
3 Certificate of College. C
4 Visit Certificate of Institution D
5 Index E
Main Part
6 Introduction
7 Objectives
8 Sources of collection of information
9 Importance of subject
10 Methodology of project
11 Presentation of project
12 Observation
13 Conclusion
Final Part
14 Reference
a)List of Documents
b)Reference books
c) Paper Cuttings
d)Website
e)Other

6. Introduction
I have chosen the topic for my project of Book
Keeping & Accountancy subject.
Procedure of opening saving account in the
nationalised bank. There are four categories of bank viz.
1) Central Bank i.e. Reserve Bank of India 2)
Nationalized Banks 3) Co-operative Banks 4) Foreign
Banks.
Generally we do not open our account in R.B.I. and
Foreign Banks. We need to open our A/c either in the
Nationalised Bank or Co-operative Banks. For particular
class of employees Foreign Bank provide services
therefore the related people can also open their A/c in
Such banks.
I focused on the procedure of opening an A/c in the
Nationalized Bank. I decided to open my Saving Bank A/c
in STATE BANK OF INDIA. Since core banking has been
accepted by all the banks I can operate my account from
any branch of STATE BANK OF INDIA throughout the
country.
I planned to visit STATE BANK OF INDIA
Branch – Kharepatan.

7. Objectives
1. To know the procedure of open saving a/c in
the bank.
2. To know the operation of saving account.
3. To available the information about different
a/c in the bank.
4. To understand the banking facilities available
in the bank.
5. To use the facilities provided by the bank after
opening an a/c.
6. To keep the records through saving a/c.
7. To guide others to operate saving a/c.
8. To update information of my cash
transactions.
9. To have banking status in the society.
10. To update the information through the bank
a/c for the purpose of Income Tax.

8. Sorces of collection of information.
I decided to open saving a/c in STATE BANK OF INDIA , Branch -
Kharepatan. Therefore I needed the following documents to be submitted in the
bank. Some of the documents would be provided by the bank at the time of
opening a/c or after opening of an a/c.
I require following documents to submitted with bank.
Sr.
No.
Requirement of the document or
information
Availability of source
documents.
1 Application to open Bank A/c BANK
2 Ration Card / Electricity Bill SELF
3 Pan Card SELF
4 Introductory person details SELF
5 Photo copies 2 Nos. SELF
6 Municipal Tax receipt / Rent receipt
with landlord’s NOC
SELF
7 KYC Form BANK
8 Nomination Form BANK
9 Form No. 16 BANK
10 Pay in Slip to first deposit in bank
a/c.
BANK
11 Pass Book BANK
12 Cheque Book / Withdrawal slip BANK
13 Informative papers BANK
14 ATM cum Debit Card BANK

9. Importance of Opening Saving a/c.
1. Minimum dependence on parents :
I always depend on my parent to provide a required amount to me for my daily
requirements. I always to wait till they provide it. Now I go to bank and
withdraw the amount from ATM.
2. Operation of an account :
As I have become aware of all the banking transactions and the operation off
an account. I go to bank and deposit the amount given by my parents in my
account and in their account.
3. Saving of valuable time and energy of parents :
Since my parents are busy, sometimes they find difficulty or inconvenience to
operate bank account. Now this inconvenience is stopped due to my
knowledge of my banking operations.
4. Status :
I find proud myself that is I am accountholder in a bank and I can operate my
account independently.
5. Goodwill :
Due to an account opened in the bank the goodwill of the accountholder can
be changed. An accountholder creates his / her personal identity in the society.
6. Benefits of facilities :
When a person opens an account in the bank,he /she gets various benefits like
loan facility, DEMAT A/c, NET Banking, collection of dividend, interest on
securities directly in the a/c.
7. Payment through bank :
Any accountholder can plan for the payments of his / her expenses with the
help of bank. He / she can utilize bank as agent to pay insurance premium as
per standing instructions.

10. Methodology of Project
On 01/01/2013 I visited to the STATE BANK OF INDIA, Kharepatan. I
enquired with the P.R.O. Mr.C. M. Dhanaji Sir, who provided me detailed
information. He specified all the documents required to open the Saving A/c to
me. The Branch Manager Mr. Milind N. Jaokar also give the valuable
information about opening saving a/c in the nationalised bank that saving a/c is
directly attached with Adhar card & all necessary subsidies given by Central Govt
& State Govt. transferred to your Saving a/c. Mr. S. S. Lotankar Sir also provide
information about How to operate your a/c ? And all those documents avail by
Mr. Nilesh Karle in the bank. The intention or the reason of the documents
required in the bank were as follows :
Purpose of all documents required in the Bank :
Sr. No Documents Purpose
1 Application to open Bank A/c To open bank account
2 Ration Card / Electricity Bill Residential Proof
3 Pan Card / Adhar Card Photo Identity Proof
4 Introductory person details Past relation with bank
5 Photo copies 2 Nos. Personal identification
6 Municipal Tax receipt / Rent receipt with
landlord’s NOC
Residential Proof for
verification
7 KYC Form Banking identification
8 Nomination Form For legal nominee
9 Form No. 16 Tax deduction details
10 Pay in Slip to first deposit in bank a/c. Deposit amount in bank.
11 Pass Book To Know bank transactions
12 Cheque Book / Withdrawal slip To withdraw cash from bank.

11. Presentation of data.
1. Application form for opening Saving A/c in the bank.

13. Pay in Slip

14. Pass Book

15. Cheque Book

16. Requisition Slip for Cheque Book

17. Observation
1. Learn the procedure of opening saving a/c in
the bank.
2. Learn the operation of saving account.
3. Get information about different a/c in the
bank.
4. Understand the banking facilities available in
the bank.
5. Use of Saving a/c after opening aa/c in the
bank.
6. Maintain up to date record of bank
transactions.
7. I understand my responsibilities when open
saving a/c in the bank.
8. I understand the importance of bank a/c for
tax authorities.

18. Conclusion
1. I develop my saving through the saving a/c in
the bank.
2. I feel very confident while communicating
with Class I Officer in the bank.
3. I think that each and every people prefer
nationalised bank for banking.
4. I found that STATE BANK OF INDIA Branch
Kharepatan doesn’t provide the ATM
facilities to their customer.
5. Request for the bank is that provide ATM to
their customer. The ATM machine available to
customer at( Vaibhavwadi 30Km.) & (
Kankavali 40Km.)
6.STATE BANK OF INDIA provide ATM cum Debit
Card facilities to their customer as well as Net
Banking facilities.
7. I found banking made easy by core banking
facilities.
8.I feel comfort to withdraw amount at any city of
our country because of AT PAR Cheque
facility provided by bank.

19. References
Sr. No. Particulars
A. List of documents
1. Application to open Bank A/c
2. Ration Card / Electricity Bill
3. Pan Card / Adhar Card
4. Introductory person details
5. Photo copies 2 Nos.
6. Municipal Tax receipt / Rent receipt with landlord’s NOC
7. KYC Form
8. Nomination Form
9. Form No. 16
10 Pay in Slip to first deposit in bank a/c.
11 Pass Book
12 Cheque Book / Withdrawal slip
B. Magazines / Newspapers
1. Busuness Today
2. The Economic Times
3. The Times of India.
C. Web Site
www.sbi.co.in
www.google.co.in
www.slideshare.com