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Money matters

Current Account Documentation for YES BANK

To open a current account with YES BANK, an individual must fall into the following categories:

  • Resident Individual
  • Hindu Undivided Family (HUF)
  • Sole Proprietorship Firms
  • Partnership Firms
  • Limited Liability Partnership Firm
  • Private & Public Limited Companies

The documentation required to be presented before enrolling for a current account product of your choice depends on the category you belong to. An individual may open a current account for business purposes by providing identity proof, address proof, a recent photograph, and PAN, or a Form 49A along with Form 60, if applied for PAN card. However, there are varying requirements for other categories.

In addition to self-attested copies of their identity proof, address proof and a photograph of the authorised signatories, the varying requirements are stated as follows:

Hindu Undivided Families

  • PAN of the Karta
  • HUF declaration certificate
  • Communication address proof
  • Current mobile number and email ID

Sole Proprietorship

  • PAN of the proprietor
  • Any 2 registration certificates issued in the name of the concerned proprietor. These include:
  • License issued by the municipal authorities under the Shop and Establishment Act
  • Existing bank statement from the previous 6 months from the current banker
  • Certification documents issued by tax authorities or by government authorities
  • In case the Power of Attorney (PoA) has been issued to handle account operations, identity proof address proof and photograph of the PoA holder must also be submitted

Partnership Firms

  • List of beneficial owners with a shareholding of more than 15%
  • Communication address proof of the entity
  • Partnership deed
  • Registration certificate, if registered

Limited Liability Partnership Firms

  • Registration certificate of the LLP as certified by the Registrar under LLP Act 2008
  • List of beneficial owners, with a stake of more than 25% in the company, along with their address proof
  • Copy of LLP agreement

Private and Public Limited Companies

  • Certificate of incorporation
  • Communication address proof of entity
  • List of beneficial owners, with a stake of more than 25% in the company, along with their address proof
  • MoA and AoA of company
  • Proof of address and identity of senior managing officials, if they are not beneficial owners as listed above

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