Current Account KYC Documents - Sole Proprietorship

Proof of Existence (Any 2)

1. Certificate of registration under any Statute / Act or Professional bodies.
2. Certificate / license issued by the Municipal authorities under Shop and Establishment Act. Gram Panchayat / Nagar Parisad.
   • Shop and Establishment
     • Due to fraud risk, downloaded copy of 'Certificate/license will not be accepted except for Shop Act License.
     • Information receipt issued by the Shop and Establishment department will be accepted as an entity proof. This is issued to entities where less than 10 employees are working for the firm. This will carry information such as the name of the firm, proprietor, number of employees working in this firm and address of the firm.
   • Gram Panchayat Certificate (on its letterhead)
     • That is less than 6 months old for rural branches and select semi-urban branches as specifically approved by ZH. SVR of Sole Proprietorship firm’s address is mandatory by branch employee along-with confirmation by branch employee with Gram Panchayat regarding issuance of such certificate.
     • Certificate letter should contain the below details:
       • Name of the Firm.
       • Name of the proprietor.
       • Date of incorporation and address of the firm.
3. Income Tax Returns
   • The complete Income Tax Return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated / acknowledged by the Income Tax authorities
4. Any registration / licensing document issued by the central or state government authority.
   • Udyog Aadhaar Memorandum and Online Labour Certificate will not be accepted as entity proof.
5. Latest available acknowledged copy of income tax / GST / assessment order (not more than 1-year-old).

• Utility bills such as electricity, water and telephone bills (landline and mobile) in the name of the sole proprietary concern not more than 2 months old.

1. Import / Export certificate in the name of the firm / IEC (Importer Exporter Code) issued to the proprietary concern by the office of Directorate General of Foreign Trade (DGFT).
2. License issued by registering authority such as Certificate of Practice issued by the Institute of Chartered Accountants of India (ICAI) / Institute of Cost Accountants of India / Institute of Company Secretaries of India / Indian Medical Council / Food and Drug Control Authorities.
3. Valid Securities and Exchange Board of India (SEBI) registration certificate (wherever applicable).
4. Certificate / registration document issued by GST / professional tax authorities.

Address Proof (Any 1)

1. Any of the Proof of Existence document, if it contains the address.
2. Telephone bill (landline/mobile) / Electricity bill of public and approved private operators / water bill issued by Municipality (not more than 2 months old) in the name of the firm.
3. Property tax paid receipt / bill raised in the name of the firm.
4. Monthly statement from a Scheduled Commercial Bank
   • In the case of Rural Branches, statements from Scheduled State Co-operative Banks which is not more than 3 months old with one customer-initiated transaction.
5. Professional tax receipts (latest tax paid receipt, preferably not more than 3 months old) will be accepted if the address details match with the Account Opening Form (AOF).