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:
- PAN of the Karta
- HUF declaration certificate
- Communication address proof
- Current mobile number and email ID
- 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
- List of beneficial owners with a shareholding of more than 15%
- Communication address proof of the entity
- Partnership deed
- Registration certificate, if registered
- 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
- 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
