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Rbl Current Account

Company

RazorpayX Current Account Documents - Private / Public Limited Company / OPC

List of documents required to open a Current account for a private/public limited company/opc.

Handy Tips

  • All declarations should be on firm letterhead and dated.
  • All KYC documents must include the rectangular seal (director / authorised signatory) along with signatures on all pages.
  • The LLP entity should be registered on The Ministry of Corporate Affairs (MCA) site and the status should be active on the site.
  • The cheque amount can range from INR 20,000 to INR 10,00,000 and must be shared at the time of document pick up.

Forms Required🔗

SL. No.

Forms

1

Account opening form - customer information form (CIF) for the entity.

2

Individual CIF form and investment services account (ISA) KYC documents for:

  • Authorized signatories / directors operating the account.
  • The natural person / individual who, whether acting alone or together, or through one or more juridical person, exercises control through ownership.
  • The natural person / individual who, whether acting alone or together, or through one or more juridical person ultimately has ownership of / entitlement to more than 25% of the shares or capital or profits of the company.

3

Corporate Netbanking Application Form.

4

Foreign Account Tax Compliance Act (FATCA) declaration in the name of the entity.

Documents Required🔗

Investment services account (ISA) KYC documents for:

  • All authorized signatory.
  • All partners.

SL. No.

Documents

1

Memorandum of association (MoA) & articles of association (AoA).

2

Certificate of Incorporation (CoI).

3

Board Resolution (BR) duly signed. All pages have to be signed by company secretary OR managing director OR at least 2 directors.

4

PAN Card in the name of the company.

5

Valid address proof in the name of the entity. Proof of Company Address (Any 1).

6

Latest list of directors / List of directors downloaded from The Ministry of Corporate Affairs (MCA) site dated and signed by the company secretary or managing director or at least 2 directors.
If the board resolution of the company gives authority to any director(s), to sign singly on any documents being submitted to the bank, then the said director(s) can sign the latest list of directors.

7

Beneficiary Owner(BO) declaration → 25% of shares given by the company.

  • If no one satisfies the criteria, the entity has to assign one person as the BO.
  • Declaration to be signed by senior management of the company such as the CEO / CFO / Director / company secretary instead of identifying intermediary layers of beneficial ownership.

9

Covering Letter (Attach to INR 600 duty stamp paper challan).

10

ICV - A cheque of minimum amount ₹20,000 in the entity's name. This amount will be added to your account once it is opened.

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