Eligibility and Initial Preparation

• Any legally registered business entity can open a current account.
• Sole proprietorships, partnerships, LLPs, private limited companies, and NGOs are eligible.
• The business must have valid registration, tax identification, and operational proof.
• Decide the preferred bank, branch, and account type based on business needs.
• Select the mode of operation and authorized signatories.

Documentation Requirements

• Business registration proof such as GST certificate, trade license, or incorporation documents.
• PAN card of the business or proprietor/partners/directors.
• Identity and address proof of all authorized signatories (Aadhaar, passport, voter ID).
• Passport-sized photographs of all applicants.
• Board resolution or partnership deed if applicable.

Application Process at the Bank

• Visit the chosen bank branch with all required documents.
• Fill out the current account opening form with business and personal details.
• Submit the necessary documents for KYC verification.
• Choose additional features like cheque book, internet banking, and debit card.
• Provide details of authorized users and transaction limits.

Verification and Activation

• The bank verifies the business credentials and submitted documents.
• Some banks may visit the business address for physical verification.
• Upon approval, the account number and welcome kit are issued.
• An initial deposit may be required based on the minimum balance condition.
• The account becomes active after completion of the verification process.

Post-Activation Services

• Receive cheque book, debit card, and internet banking credentials.
• Set up standing instructions, UPI IDs, or mobile banking as needed.
• Link the account with accounting tools or billing software if applicable.
• Begin using the account for business transactions, tax payments, and vendor settlements.
• Relationship managers may assist with business-specific financial solutions.