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Documents Required for Opening a Current Account Online
Posted on Tuesday, October 15th, 2024 | By IndusInd Bank
Whether you are an experienced entrepreneur or just starting a new business a current account is essential for managing your business transactions with ease. Opening a current account offers better cash flow, higher transaction limits, and access to overdraft facilities. This makes it ideal for businesses and individuals with high transaction volumes.
Nowadays, one can also open a current account online for more convenience. But before you begin the online application process, it is crucial to gather the necessary documents.
Here’s a guide on the documents needed to open a current account for different types of business entities.
Documents Needed for Opening a Current Account
Banks require specific documents based on the type of business entity. Currently, IndusInd Bank offers the online current account opening option to only Individuals and Sole Proprietorships.
Here is a detailed list of the documents needed to open current accounts with IndusInd Bank:
I. For Sole Proprietorship:
- Pan Card
- Active GST (more than 3 months old)
- Aadhaar linked with Mobile Number
- One business proof from below list:
a. Udyam Registration Certificate
b. Shop & Establishment Certificate
c. FSSAI Certificate
d. ICAI Certificate
e. ICSI Certificate
f. ICWAI Certificate
g. Import Export Code
h. MCI Certificate
i. Tax Identification Number
II. For Individuals:
- Pan Card
- Active GST (more than 3 months old)
- Aadhaar linked with Mobile Number
Also Read: Top Factors to Consider When Choosing a Current Account
Conclusion
Understanding the documents needed to open a current account is crucial for a smooth and hassle-free application process. Whether you are a sole proprietor, part of HUF, a partner in a firm, or running a company, make sure you have the correct documentation ready to fasten the process.
IndusInd Bank offers a seamless way to open a Current Account with its digital application process. By opening a Current Account with us, you can enjoy dynamic cash deposit limits, free NEFT/RTGS/IMPS transactions, account grouping, smart cash management services, and more. We also provide a ‘My Account My Number’ that allows you to customise your account number to reflect your business identity.
Open a Current Account with IndusInd Bank today and experience convenient banking like never before!
Disclaimer:The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.
