Current Account Documents - Sole Proprietorship

• All KYC documents must include the company seal along with the sole proprietor’s signature on all pages.
• The cheque amount can range from ₹20,000 to ₹10,00,000 and must be shared at the time of document pick up.

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Forms Required

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Sl. No. | Form

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1 | Account Opening Form and Customer Information Form (CIF) for the entity.

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2 | Individual CIF form and KYC documents for Proprietor.

3 | Foreign Account Tax Compliance Act (FATCA) declaration in the name of the entity.

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Documents Required

KYC documents for Proprietor.

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Sl. No. | Document

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1 | KYC Documents in the name of the Proprietor.

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2 | Any two proof of existence for the proprietary firm. List of acceptable documents (any two).

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3 | Valid address proof in the name of the proprietary firm. List of acceptable documents (any one).

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5 | Sole Proprietorship declaration.

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6 | Sole Proprietorship covering letter (Attach to ₹600 duty stamp paper).

7 | A cheque of minimum ₹20,000 in the entity’s name. If there are any transfer or currency conversion charges, the cheque amount should be higher to ensure at least ₹20,000 is credited to the new account after all deductions. For example, if the charges are ₹1,500, write a cheque for ₹21,500. Download all forms and documents

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Related Information

Open a Current Account