VCCB - Current Bank Account

Current Account can be opened by

Current account can be opened by individual / HUF, a proprietary concern, a partnership firm, a company, a trust, a local body, Govt. department by signing prescribed account opening form(s) and with proper introduction, identification, address proof etc., accompanied by prescribed documents

Know Your Customer (KYC) norms

Accounts of companies

Name of the company
Principal place of business
Mailing address of the company
Telephone / Fax Number
Certificate of incorporation and Memorandum & Articles of Association
Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account
Power of Attorney granted to its managers, officers or employees to transact business on its behalf
Copy of PAN allotment letter
Copy of the telephone bill

Accounts of partnership firms

Legal name
Address
Names of all partners and their addresses
Telephone numbers of the firm and partners
Registration certificate, if registered
Partnership deed
Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
Telephone bill in the name of firm/partners

Accounts of trusts & foundations

Names of trustees, settlers, beneficiaries and signatories
Names and addresses of the founder, the managers / directors and the beneficiaries
Telephone / fax numbers
Certificate of registration, if registered
Power of Attorney granted to transact business on its behalf
Any officially valid document to identify the trustees, settlors, beneficiaries and those holding Power of Attorney, founders / managers / directors and their addresses
Resolution of the managing body of the foundation / association
Telephone bill

Minimum balance

With Cheque facility

Rs.5000

Know Your Customer (KYC) norms

Accounts of companies

Name of the company

Principal place of business

Mailing address of the company

Telephone / Fax Number

Certificate of incorporation and Memorandum & Articles of Association

Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account

Power of Attorney granted to its managers, officers or employees to transact business on its behalf

Copy of PAN allotment letter

Copy of the telephone bill

Accounts of partnership firms

Legal name

Address

Names of all partners and their addresses

Telephone numbers of the firm and partners

Registration certificate, if registered

Partnership deed

Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf

Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses

Telephone bill in the name of firm/partners

Accounts of trusts & foundations

Names of trustees, settlers, beneficiaries and signatories

Names and addresses of the founder, the managers / directors and the beneficiaries

Telephone / fax numbers

Certificate of registration, if registered

Power of Attorney granted to transact business on its behalf

Any officially valid document to identify the trustees, settlors, beneficiaries and those holding Power of Attorney, founders / managers / directors and their addresses

Resolution of the managing body of the foundation / association

Telephone bill

Minimum balance