Handy Tips
- All declarations must be on firm letter head and dated.
- All KYC documents must include the rectangular seal (partner / authorised signatory) along with signatures on all pages.
- If the banking clause is not mentioned in the partnership deed, then all partners must sign the resolution / declaration certifying the banking clause and mode of operation on the entity letterhead.
- A complete chain of the partnership deed is required. In case there is a deceased partner in the chain, the Death Certificate of the deceased partner is mandatory. In the case of a retiring partner, he/she must sign on the last deed.
- The last page of the deed must include all the existing partners’ signatures.
- For partnership deed, name and count of the partners must match with the partnership declaration.
- The cheque amount can range from ₹20,000 to ₹10,00,000 and must be shared at the time of document pick up.
Forms Required
Sl. No. | Forms
1 | Account Opening Form and Customer Information Form (CIF) for the entity.
2 | Individual CIF form and KYC documents for:- All authorized signatory/signatories- All partners.
3 | Corporate Netbanking Application Form
4 | Foreign Account Tax Compliance Act (FATCA) declaration in the name of the entity.Documents Required
Sl. No. | Documents
1 | KYC documents in the name of all authorised signatories/partners.
2 | Partnership declaration signed by all the partners.
3 | Partnership PAN card.
4 | Valid address proof in the name of the entity. List of acceptable documents(any one).
5 | Mode of operation letter signed by all Partners.
6 | Beneficiary Owner(BO) declaration.
7 | Certified true copy of the latest partnership deed along with one entity proof.- If the copy is not notarized, signatures of two witnesses are mandatory.- Franking and stamping has to be done.
- The purchase date on the stamp should be within 6 months of the partnership deed being made.