Understanding the R/O Field in Indian Bank Application Forms
Understanding the R/O Field in Indian Bank Application Forms
Mar 26, 2024
15 Mins
When it comes to storing money and earning interest, Indian banks are considered to be one of the safest options. It's almost a necessity for every individual residing in India to have a bank account, with even those under the age of 18 owning one. Each bank in the country offers its customers a range of benefits and services.
In order to open a bank account, regardless of the bank, applicants are required to fill out a bank application form. This form is simple, asking for personal details and other essential information. Additionally, certain documents like ID proof, Aadhaar card, PAN card, and voter ID are also required.
One specific field in the bank application form, as well as in the voter ID declaration form, often confuses applicants. This field is known as the R/O field. Let's take a closer look at its meaning.
The abbreviation "R/O" stands for "RESIDENT OF" in the context of the bank and voter application forms. It refers to the area where you reside, specifically your housing address. Therefore, when filling out this field, you need to provide the name of the area that is closest to your housing address.
Opening a bank account ensures the security of your money. However, it also involves filling out a lengthy form, which can sometimes be challenging to comprehend. In this article, we have shed light on one such field – R/O – to help clarify its significance.
Also Read: City Union Bank (CUB): Services, Products, and Offerings in 2023
When it comes to storing money and earning interest, Indian banks are considered to be one of the safest options. It's almost a necessity for every individual residing in India to have a bank account, with even those under the age of 18 owning one. Each bank in the country offers its customers a range of benefits and services.
In order to open a bank account, regardless of the bank, applicants are required to fill out a bank application form. This form is simple, asking for personal details and other essential information. Additionally, certain documents like ID proof, Aadhaar card, PAN card, and voter ID are also required.
One specific field in the bank application form, as well as in the voter ID declaration form, often confuses applicants. This field is known as the R/O field. Let's take a closer look at its meaning.
The abbreviation "R/O" stands for "RESIDENT OF" in the context of the bank and voter application forms. It refers to the area where you reside, specifically your housing address. Therefore, when filling out this field, you need to provide the name of the area that is closest to your housing address.
Opening a bank account ensures the security of your money. However, it also involves filling out a lengthy form, which can sometimes be challenging to comprehend. In this article, we have shed light on one such field – R/O – to help clarify its significance.
Also Read: City Union Bank (CUB): Services, Products, and Offerings in 2023
Author
Pluto Team
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