Opening of Corporates Bank Account

A corporate bank account is the cornerstone of your company’s financial operations, enabling seamless transactions, fund management, and credibility with clients and vendors. At G K B & Associates, we specialize in assisting businesses in opening corporate bank accounts efficiently and compliantly, helping you lay a solid financial foundation.

Benefits of Opening a Corporate Bank Account

Separate Business & Personal Finances – Maintains clear financial records for auditing and taxation.

Enhanced Credibility – Builds trust with clients, vendors, and financial institutions.

Access to Business Banking Services – Facilitates loans, credit facilities, and cash management solutions.

Professional Transaction Handling – Easier tracking of payments, receipts, and payroll.

Regulatory Compliance – Meets statutory requirements for corporate entities under Companies Act and RBI guidelines.

Documents Needed for Opening a Corporate Bank Account

1. Certificate of Incorporation
2. Memorandum & Articles of Association (MOA & AOA)
3. Board Resolution approving the opening of the account and authorized signatories
4. PAN Card of the company
5. Proof of registered office address (Utility bill, rent agreement, etc.)

6. Identity proof and address proof of all authorized signatories (Aadhar, Passport, Voter ID, etc.)
7. Copy of the latest Income Tax Returns (if applicable)
8. KYC documents of promoters/directors as per bank requirements
9.Partnership deed or LLP agreement (if applicable)

Our Process for Opening Corporate Bank Accounts

Consultation & Documentation

We guide you on selecting the right bank and account type based on your business needs and prepare a checklist of all mandatory documents.

Application Preparation & Submission

Our experts assist in drafting the necessary board resolutions, filling out bank forms accurately, and submitting the complete application package.

Follow-Up & Account Activation

We coordinate with the bank to track the application status and ensure timely activation of your corporate bank account, including support for initial deposits and cheque book issuance.

Frequently Asked Questions

What is a Corporate Bank Account?

A Corporate Bank Account is a business bank account opened in the name of a company or LLP to manage finances, receive payments, and conduct day-to-day business transactions legally and efficiently.

Who needs to open a Corporate Bank Accou

All registered business entities in India, including:

Private Limited Companies
Public Limited Companies
Limited Liability Partnerships (LLPs)
Section 8 Companies
Foreign subsidiaries

Why is a Corporate Bank Account essential for businesses?

It ensures separation of personal and business finances, is mandatory for GST registration, tax compliance, and loans, and enhances business credibility with clients and banks.

What documents are required to open a Corporate Bank Account?

Certificate of Incorporation
PAN of the company / LLP
Memorandum & Articles of Association (MOA & AOA) or LLP Agreement
Board resolution authorizing account opening
KYC documents of directors or partners
Proof of registered office address

Can G K B & Associates assist in opening a Corporate Bank Account?

Yes. We provide end-to-end assistance, including document preparation, bank selection, and smooth account opening for all types of business entities.

Opening of Corporates Bank Account