Business Current Account Opening comes up with a lot of questions, especially for every registered business entity, and proprietorships wanting to formalize finances dealing with it for the first time. Here are clear answers to what we're asked most often.
Can a proprietorship open a current account?
Yes, using proprietorship-specific registration documents like GST or Shop & Establishment registration.
Is a minimum balance required?
Most banks require a minimum balance, varying by account type and bank.
What documents does a company need to open an account?
Typically incorporation certificate, PAN, board resolution, and KYC of authorized signatories.
Can the account be opened online?
Many banks now offer partial or full online account opening, though in-person verification may still be required.
Still Have Questions?
Every business situation is a little different, and Business Current Account Opening is no exception. If your case doesn't fit neatly into the questions above, it's worth getting a second opinion before proceeding.
What You'll Typically Need
- Business registration proof (incorporation certificate, GST, etc.)
- PAN of the business and authorized signatories
- Address proof of the business premises
- Board resolution authorizing account opening, for companies/LLPs
Need Help With This?
Leegal's team handles registration, compliance, and advisory work like this end-to-end, with transparent pricing and a dedicated point of contact throughout.
Call: +91 95721 91163 | Email: mail@leegal.in