In India, having a bank account for money storage and earning interest is deemed essential, even for minors under 18. Indian banks provide a safe and reliable avenue for these services. Opening a bank account in India necessitates completing an application form, where personal details and essential documents like an ID proof, Aadhaar card, PAN card, and voter ID are required.

An area of confusion often arises with the R/O field in bank and voter ID application forms. The term "R/O" stands for "Resident Of", indicating your housing address area. Completing this field requires you to mention the nearest area to your residence.

Opening a bank account not only secures your money but can involve filling out comprehensive forms, which at times may be challenging. This article has clarified the significance of the R/O field to ease this process for applicants.

Also Read: City Union Bank (CUB): Services, Products, and Offerings in 2023