State Bank Of India Current Account Document Required

For HUF (Hindu Undivided Family)

1. Account opening form
2. Declaration from the Karta.
3. Proof of Identification of Karta.
4. Prescribed Joint Hindu Family Letter signed by all the adult coparceners
5. Identity of the adult coparceners

For Sole Proprietorship

1. Account opening form
2. Proof of Identity
3. Proof of Address
4. Proof of the name, address and activity of the concern
5. Registration certificate (in the case of a registered concern).
6. Certificate/licence issued by the Municipal authorities under Shop & Establishment Act.
7. Sales and income tax returns
8. CST/VAT certificate·
9. Certificate /registration document issued by Sales Tax/Service Tax/Professional Tax authorities.·
10. Licence issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, registration /licensing document issued in the name of the proprietary concern by the Central Government or State Government Authority/ Department, etc.
11. Banks may also accept IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an identity document for opening of the bank account etc.
12. The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/ acknowledged by the Income Tax Authorities.
13. Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.
14. (Any two of the above documents would suffice. These documents should be in the name of the proprietary concern)

For Partnership Firm

1. Account opening form
2. Registration certificate
3. Partnership deed
4. An officially valid document in respect of the person holding a power of attorney to transact on its behalf
5. Proof of identity & address of all the partners / beneficial owners - natural persons if beneficial owners are non individuals(owning 15% capital or entitled for 15% profits)

For Private Limited Companies

1. Account opening form
2. Certificate of incorporation
3. Memorandum & Articles of Association
4. A resolution from the Board of Directors and power of attorney granted to its managers, officers or employees to transact on its behalf; and
5. An officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf
6. Proof of identity & address of all the beneficial owners (natural persons if beneficial owners are non individuals) ( owning 25% share or capital or entitled for 25% profits in case of company which is not listed in a Stock Exchange (Submission of Proof of identity & address by beneficial owners of a company listed in stock exchange or is a company majority owned one by such listed company is not warranted)

For Public Limited Companies

1. Account opening form
2. Certificate of incorporation
3. Memorandum & Articles of Association
4. A resolution from the Board of Directors and power of attorney granted to its managers, officers or employees to transact on its behalf; and
5. An officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf
6. Proof of identity & address of all the beneficial owners (natural persons if beneficial owners are non individuals) ( owning 25% share or capital or entitled for 25% profits in case of company which is not listed in a Stock Exchange (Submission of Proof of identity & address by beneficial owners of a company listed in stock exchange or is a company majority owned one by such listed company is not warranted)

For Clubs/Societies

1. Account opening form
2. Resolution of the managing body of such association or body of individuals
3. Power of attorney granted to him to transact on its behalf
4. An officially valid document in respect of the person holding an attorney to transact on its behalf
5. Such information as may be required by the bank to collectively establish the legal existence of such an association or body of individuals

For Trusts

1. Account opening form
2. Certificate of registration
3. Trust Deed
4. An officially valid document in respect of the person holding a power of attorney to transact on its behalf
5. Proof of identity and address of persons like trustees, executors, administrators etc.( beneficial owners - natural persons)

For Limited Liability Partnerships (LLP)

1. Duly filled Application Form for opening of Account.
2. Certificate of Registration issued by Registrar of Limited Liability Partnership (LLP)
3. Proof of Address of the entity
4. Permanent Account Number (PAN)
5. Latest colour passport size photograph of each of the existing authorised signatories
6. A copy of one valid photo identification and address proof document of each of the existing authorized signatories
7. In case Power of Attorney (POA) has been granted for Account operations, photograph and identity and address proof of the POA holder should also be submitted
8. Shareholding pattern / List of beneficial owners holding more than 25% in the company (Directly / Indirectly)(on letterhead)
9. Permanent Account Number (PAN) / Identity proof of such beneficial owners as identified above
10. Address proof of beneficial owners as identified above
11. Latest phone/mobile number and e-mail id of LLP

More Operations of Current Account