Checklist

Business Bank Account Opening Checklist

A checklist to open a current account for your business without back-and-forth with the bank.

BUSINESS BANK ACCOUNT OPENING CHECKLIST

Current account KYC and documentation for a business entity

Entity Proof

  • ☐ PAN of the business entity
  • ☐ Certificate of Incorporation / Registration
  • ☐ Partnership deed / MOA & AOA / LLP agreement
  • ☐ GST registration certificate
  • ☐ Shop & Establishment / trade licence, if any

Signatory KYC

  • ☐ PAN and Aadhaar of authorised signatories
  • ☐ Passport-size photographs of signatories
  • ☐ Address proof of signatories
  • ☐ DIN of directors, for a company

Authorisation

  • ☐ Board resolution / partners' authority letter
  • ☐ List of authorised signatories and mode of operation
  • ☐ Beneficial ownership declaration
  • ☐ Proof of registered business address

Account Setup

  • ☐ Choose the current account variant and bank
  • ☐ Complete application and specimen signatures
  • ☐ Deposit the minimum opening balance
  • ☐ Activate net-banking and business debit card
  • ☐ Register account for GST refunds and AD Code, if trading

Note: Keep the mode of operation (single / jointly) aligned with your board resolution to avoid transaction rejections.

Before you use it — fill in / check

  • Business/entity
  • Date
  • Responsible person

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.