How to Open a Current Account?

To open a Current Account, follow the steps given below:

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    Visit your bank branch and take a Current Account application form. Or, get it from the bank’s website.

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    Fill the form.

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    Arrange for the relevant documents. These include:

    – Proof that business exists
    – Proof of address of business
    Bank a/c statement for last 6 months
    – Tax registration documents
    – Licenses from relevant authorities

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    You will also need:

    – Identity Proof- Aadhaar card, Pan Card, etc.
    – Address Proof- Electricity Bill, Telephone Bill, Rent Agreement, etc.
    – Voter ID card
    – 2 passport size photos

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    Submit the application form and copies of the required documents at the bank branch.

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    An SMS will be sent once the bank a/c is opened. Cheque book and debit card will be sent to the address provided.

Pro Tip

What documents are needed will depend on the bank and the kind of business. Check these details on a bank’s website or enquire at the bank branch.

Learn more about bank accounts so that you can make informed decisions about your money.

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