Article

How to Open a Current Bank Account for a Private Limited Company

IndiaFilings Free Beginner India

A practical, India-specific checklist of what a bank actually asks a private limited company for once you are incorporated: incorporation certificate, board resolution naming the authorized signatory, PAN, and KYC for the directors. It sets expectations so the account-opening visit does not stall on a missing document. Use it as a starting point and confirm the exact list with your chosen bank, since requirements vary slightly by bank.

  • A board resolution naming who can operate the account is central, not optional, for a private limited company.
  • Keep the incorporation certificate, MOA/AOA, company PAN, and each director's KYC ready before you apply.
  • The final list varies by bank, so ring-check your bank's requirements against this checklist first.
Open on indiafilings.com ↗

The question it answers

  1. Should I open a separate business bank account before I even register the company, or use my personal account for now?

Read with it

  1. This lays out the real downstream cost of mixing personal and business money in plain terms: messy books, harder taxes, missed... Mercury Article Why you need a separate bank account for your business Mercury
  2. This is a genuinely startup-first way to open a current account in India online, with the account held by a partner bank... RazorpayX Tool RazorpayX Current Account for Businesses RazorpayX
eChai Partner Brands The partnership →