{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/current-account\/learn-how-to-open-a-current-account-with-pan-aadhar\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/current-account\/learn-how-to-open-a-current-account-with-pan-aadhar\/","headline":"How to Open a Current Account with Only a PAN Card and Aadhar-Linked Mobile Number?","name":"How to Open a Current Account with Only a PAN Card and Aadhar-Linked Mobile Number?","description":"The current account is an essential type of bank account that is needed to manage day-to-day financial transactions efficiently. Current accounts can be opened by individuals running their businesses, partnership firms, private companies, public limited companies, trusts, societies, associations, etc. It offers flexibility to manage finances with various benefits. Individuals and businesses can have online...","datePublished":"2024-08-22","dateModified":"2024-08-22","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/#Person","name":"Vinayak","url":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/How-to-open-a-current-account-with-only-pan-card-and-aadhar_.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/How-to-open-a-current-account-with-only-pan-card-and-aadhar_.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/current-account\/learn-how-to-open-a-current-account-with-pan-aadhar\/","about":["Current Account"],"wordCount":1453,"keywords":["current account","current account opening"],"articleBody":"The current account is an essential type of bank account that is needed to manage day-to-day financial transactions efficiently. Current accounts can be opened by individuals running their businesses, partnership firms, private companies, public limited companies, trusts, societies, associations, etc. It offers flexibility to manage finances with various benefits. Individuals and businesses can have online banking, mobile banking, unrestricted deposits and withdrawals, fund transfers, bill payment and overdraft facilities, and more. Unlike savings accounts, current accounts are non-interest-bearing in nature and are typically meant for business purposes.It is quite simple now to open an IndusInd Bank Current Account. Smaller entities can enjoy a paperless digital process that is time-efficient and seamless. This article delves into the process of opening an IndusInd Bank current account with minimal documents like a PAN card and Aadhar-linked mobile number.Also read: Pros and cons of online current accountsHow to Open a Current Account?You can open a current account of your choice by visiting a bank branch near you or digitally from anywhere at your convenience.The IndusInd Bank digital current account opening is one of the most convenient, time-saving, and seamless processes. Here are the steps small entities like sole proprietorships can follow:Go to the IndusInd Bank website’s current account page. Click on the \u2018Apply Now\u2019 button.Provide your contact details, business details, and personal details. Choose the account type suitable for your business.Upload the relevant current account documents and review your application to complete the process.However, note that current accounts for only certain businesses can be opened online. Since higher entities may require a larger list of documents and complex procedures, it is recommended to visit a branch to open a current account for them.Also read: All about Current AccountsWhat are the Documents Required to Open a Current Account?Like any other bank account, a current account is also regulated by the Reserve Bank of India, i.e. the RBI\u2019s KYC (Know Your Customer) guidelines. You need to provide certain documents to open a current account. The following is the list of documents required to open a current account:PAN card as proof of identity (for the HUF\/entity)PAN card copy of Proprietor\/Karta\/Partners\/Directors\/ Authorised signatories\/Designated partners\/beneficial owners (Including latest photographs)One official valid document (OVD) copy of the Proprietor\/Karta\/Partners\/Directors\/Authorised signatories\/Designated partners\/beneficial owners. OVD documents can be:Driving licenseVoter IDPassportProof of possession of Aadhaar numberJob card issued by NREGALetter from National Population Register displaying the details of name and address.Proof of address for individual\/HUF\/entity (GST certificate with GST ARN\/Latest bank statement\/Latest IT assessment order\/Professional tax certificate, etc.)Apart from these, the additional documents vary depending on the business ownership type. Here are the additional documents required:For IndividualsPAN CardActive GST certificate (should be more than 3 months old)Aadhaar (linked with mobile number)Along with the above, you should also have the following documents for video KYC purposes:Physical PAN Card\/e-PAN Card printed on A4 size paperGST CertificateWhite blank paper to capture live signature.For Sole Proprietorship\u00a0PAN CardAadhaar (linked with mobile number)Active GST certificate (must be more than 3 months old)Any one document from the following list:Udyam Registration CertificateShop & Establishment CertificateFSSAI CertificateICAI CertificateICSI CertificateICWAIImport Export CodeMCI CertificateTax Identification NumberSimilar to the requirement for individuals, sole proprietors must also have the following during video KYC verification:Physical PAN Card\/e-PAN Card printed on A4 size paperWhite blank paper to capture live signatureTwo proofs of the Business Documents mentioned above (hard copies)For HUFsHUF declarationFor Partnership FirmsRegistered partnership deepRegistration certificate, if anyPartnership firm declarationList of partnersA letter signed by the partners in respect of an authorised signatoryFor Limited Liability Partnership (LLP)LLP agreements since inceptionLLP firm declarationBoard ResolutionCertificate of incorporationThe latest list of designated partnersFor Private Limited and Public Limited CompaniesThe latest Memorandum of association (MOA)The latest Articles of Association (AOA)Board ResolutionCertificate of incorporationThe latest list of company directorsFor Society, Club and AssociationsBye-Laws\/Rules\/Regulations\/Memorandum of AssociationCertificate of RegistrationBoard ResolutionList of all members of the managing committeeDocuments may sometimes vary depending on various factors. It is important to go through the current account document checklist present in the IndusInd Bank Current Account application form.In conclusion, current accounts offer a range of benefits for both individual firms and business entities to manage their finances smoothly. Additionally, digital accounts that require no paperwork offer great flexibility, accessibility, and efficiency.Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own 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 taking any financial decisions based on the contents and information.Share This:"}