PIB Account Type

PIB offers various account types to cater to different investment needs. The primary account types include:

• Investment Account: This account allows users to invest in various financial instruments and earn interest on their deposits. It comes with features like personalized budgeting, flexible loans, and a free Mastercard for transactions.

• Savings Account - Financial Inclusion: Designed for low-income individuals and freelancers, this account has no minimum balance requirement and offers free ATM services. Monthly credit transactions are capped at $2,000, with an annual limit of $24,000.

• Business Account: Tailored for small to medium-sized businesses, this account provides customized plans, risk mitigation solutions, and access to various insurance products.

• Demat Account: This account is essential for holding securities in electronic form, facilitating easy buying and selling of shares.

PIB Broker Account Opening Process

To open an account with PIB, follow these steps:

• Required Documents: Gather necessary documents such as a real name certificate (e.g., resident registration card, driver's license, or passport), and if applicable, a power of attorney if an agent is opening the account.

• Visit the Branch: Go to your nearest PIB branch to initiate the account opening process.

• Consultation: Discuss the various account types available, interest rates, and additional services with a representative to choose the most suitable option.

• Application: Complete the account opening application form. You may also apply for additional services like a cash card or internet banking.

• Completion: Upon successful application, you will receive your account details, including a passbook and security card if you opted for online banking services.

For more detailed information, you can refer to the PIB website or contact their customer service.