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List of Documents Required for Opening Current Account

Discover the essential documents needed to open a Current Account with Kotak Mahindra Bank. Ensure a hassle-free account opening by familiarising yourself with the required documents. Our curated list includes identification proofs, business-related papers, and more, catering to various entities like Sole Proprietorships, Partnership Firms, Hindu Undivided Families (HUF) and Public or Private Limited Companies. Simplify the Current Account opening process by having the necessary documents ready and enjoy a seamless experience.

Sole Proprietorship

Any two of the following documents as a proof of business/ activity in the name of the proprietary firm:

Certificate/licence issued by the municipal authorities under Shop and Establishment Act
CST/VAT/ GST certificate
Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ Licence/certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute
Complete Income Tax Return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax authorities
TAN Allotment Letter issued by NSDL in the name of the firm
Certificate/ License of Registration under any specific Statute/Act of the government
Utility bills such as electricity, water, and landline telephone bills

Identity and Address of the Sole Proprietor:

Passport
Driving License
Voter ID card
Aadhaar card
PAN card
Letter issued by the National Population Register

Partnership Firms

PAN in name of Firm
Partnership Deeds
Registration Certificate or one government issued certificate confirming the name, address & activity of the firm
- Certificate/licence issued by the municipal authorities under Shop and Establishment Act
- CST/VAT/ GST certificate
- Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
- IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ Licence/certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute
- Complete Income Tax Return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax authorities
- TAN Allotment Letter issued by NSDL in the name of the firm
- Certificate/ License of Registration under any specific Statute/Act of the government
- Utility bills such as electricity, water, and landline telephone bills
Partnership Declaration in bank format (to be signed by all the partners)
Proof of Identity & Address of Partners:
- Passport
- Driving License
- Voter ID card
- Aadhaar card
- PAN card
- Letter issued by the National Population Register

Limited Liability Partnership

PAN in name of firm
LLP agreement
Certificate of Incorporation issued by the Registrar of Cos
Resolution for Account Opening
Beneficial owner information & KYC documents
Identity & Address Proofs of Partners/Authorised Signatories:
- Passport
- Driving License
- Voter ID card
- Aadhaar card
- PAN card
- Letter issued by the National Population Register

Hindu Undivided Family/ Joint Hindu Family (HUF)

PAN Card in name of HUF
HUF declaration (duly signed by all the co-partners and naming the Karta, who would be authorised to operate the account.)
Proof of ID, Address & Signature Proof of Karta
- Passport
- Driving License
- Voter ID card
- Aadhaar card
- PAN card
- Letter issued by the National Population Register

Public or Private Limited Companies

PAN Card in name of company
Certificate of Incorporation
Certificate of Commencement of business (only for limited companies incorporated under Companies Act 1956)
Updated Memorandum & Articles of Association
Board Resolution for Current on letterhead
List of Shareholding pattern on letterhead
Proof of Principal place of Business / Registered Office / Mailing Address
Present list of names of Directors & Identity & Address Proofs of Authorised Signatory
- Passport
- Driving License
- Voter ID card
- Aadhaar card
- PAN card
- Letter issued by the National Population Registerg
Beneficial owner information & KYC documents

Disclaimer – Kindly note that this is an indicative list (Existing)

Avail of a free QR by opening a Current Account now

Frequently Asked Questions

1. Are there any specific requirements for opening a current account, such as minimum balance?

Minimum balance requirements for opening a current account may vary based on the type of account chosen.

2. Are there specific documents needed to open a current corporate account?

For corporate current account opening, major documents required include the PAN card in the company's name, Certificate of Incorporation, updated Memorandum & Articles of Association, Board Resolution, Proof of Business Address, and Identity & Address Proofs of Authorised Signatories like Passport, Aadhaar card, and PAN card.

3. What if I don't have a PAN card? Can I still open a current account?

No, it's not possible to open a current account for a company without a PAN card. A PAN card is mandatory for company identification during the account opening process, as mandated by banking regulations.

4. Do I need to provide original documents, or are copies acceptable for the current account opening?

Kotak Mahindra Bank accepts photocopies of the required documents along with the application.

5. Are there any tax-related documents required when opening a current account for a business or individual?

Yes, tax-related documents required for current account opening include certificates/registration documents issued by Sales Tax/Service Tax/Professional Tax authorities and a complete Income Tax Return authenticated by the authorities, reflecting the firm's income, for sole proprietorships.

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