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How to open a ‘secret’ bank account, what are the documents to be given in KYC, also know the rules for closing it

Secret bank account can be opened in the same way as a regular bank account is opened. For this, you have to give proof related to your details and identity in the bank. If you want the bank account to be a secret from the family, then it has to be opened in a branch away from home.

First of all, it is important to make it clear that secret bank account does not mean ‘Swiss bank’ account in which people deposit money to save tax. Here secret bank account means such an account which is opened while protecting it from the eyes of the member of his family and money is deposited without knowing it. Such accounts are opened by those people who have to pay their entire salary at home. Such people feel that if they cannot add some money to their share, then what is the meaning of a job in which life is being dried day and night.


If you want to do some big work or start any business in future, then big investment will be required for this. This will happen only if little money is added over time. If there are family compulsions then you can open a secret bank account. You can deposit money in this account without informing anyone. Secret account is not a separate account but it is also a savings account. This is a regular account like any other account. The only difference is that the people of your family do not know about this account and secretly deposit money in it.

Why need a secret bank account

This account is opened according to the circumstances. Suppose you have to give the entire money of the month to your family members, parents or husband and wife and if you are not able to save anything, then you can open this account. You can deposit money in this account according to you. This savings money will come in handy later. If you are not able to add money in your normal savings account then there is no harm in opening a secret account.

how to open secret bank account

Secret bank account can be opened in the same way as regular bank account is opened. For this, you have to give proof related to your details and identity in the bank. If you want the bank account to be a secret from the family, then it has to be opened in a branch away from home. If you open an account near home, then everyone will be easily aware of it. In such a situation, you can be ‘exposed’ in your family itself. Then all the planning of investment will be abandoned. If you do not want anyone to know about the secret account, then you can open this account online.


How will KYC be done?

Whenever you open an account, it is necessary to do KYC. Banks ask you for some documents for KYC. Aadhar and PAN card are necessary in this. If you want to open a secret account, then it would be good to talk to a representative of a bank. Fix time with him and go to the bank and meet him. Tell him that instead of doing KYC work in the bank, it would be better if it is done in your office. KYC takes a few minutes, so it will not affect your work.

how to save

It is a bit difficult task because your family knows how much your salary comes. The family also knows how much money you give every month for household expenses. To deposit money in the new account, you will either have to talk to your company so that some part of the salary is deposited in the secret bank account. Another solution can be to tell the family members that you have made some investment plan for which they are saving money. It will not say that you have opened a secret account. You can say here that you are saving some money from every month’s salary and depositing it in the existing account.


how to close account

Like the rest of the account, there is also a rule to close the secret account. For this you have to go to the branch of the bank. It is possible that the employees of the bank say that the check book should be torn in front of them and the ATM card should be broken. It can also be said that sign a form in which it is written that you have destroyed the check book and ATM card. There are also some banks which allow that the account can be closed in any of their branches. It can be taken advantage of in secret account.

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