Indian Company Master Data Made Simple
How to Open a Company Bank Account in India
Complete guide to opening company bank account including required documents, board resolution format, and KYC requirements.
Prerequisites
- Certificate of Incorporation
- Company PAN card
- Board Resolution
- Identity/Address proofs of directors
- Initial deposit amount
Step-by-Step Instructions
Select Bank and Account Type
Choose bank based on: branch proximity, charges, online banking features, minimum balance requirement. Select "Current Account" - "Company/Partnership" type.
Prepare Board Resolution
Pass Board Resolution authorizing opening of bank account, specifying authorized signatories, their signing authority (single/joint), and transaction limits.
Gather Documents
Collect: COI, PAN, MOA/AOA, Board Resolution, Director KYC, Registered Office proof, Photographs, Signature cards.
Visit Bank Branch
Visit selected branch with all documents. Meet Relationship Manager. Fill account opening form. Submit documents and initial deposit.
Complete KYC Process
Directors/authorized signatories must complete KYC. Bank may visit registered office for verification. Some banks allow video KYC now.
Receive Account Kit
Collect cheque book, debit cards, internet banking credentials, and welcome kit. Activate internet and mobile banking.
Required Documents
- Certificate of Incorporation
- Memorandum and Articles of Association
- Company PAN Card
- Latest Board Resolution
- PAN Card
- Aadhaar Card
- Passport size photographs
- Address Proof (if different from Aadhaar)
- Registered Office address proof
- Utility bill (not older than 3 months)
- Rent agreement (if rented)