2,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Current Account Documents Required

Current Account Document

Last Updated 19th Jan 2022

  • A current account allows handling of large volumes of receipts and payments systematically.
  • Open a current account with top banks like SBI, HDFC and ICICI Bank.
  • Get benefits like limitless withdrawal, internet banking and mobile banking.
  • To open a current account, KYC documents like identity proof and address proof are required along with business proof.
  • Documents considered valid for Identity Proof are PAN Card, Aadhaar Card, Passport, Voter’s ID Card, Driving License, Ration Card.
  • Documents valid for Address Proof are Passport, Aadhaar, Voter’s ID Card, Ration Card, Driving License, Lease/Rent Agreement, Property Documents, Utility Bills.
Apply for Business Loan @ 14.00%*

Documents Required for Current Bank Account

The current bank account is a deposit account which offers high fluidity and does not carry any limits on the number of withdrawals. A current account allows handling of large volumes of receipts and payments systematically. According to RBI guidelines individuals are required to provide both Aadhar and PAN card for opening a current account in a bank.

Current Account Eligibility

Any individuals who are able to furnish their KYC documents are eligible for the opening of a current account. Individuals or group of individuals can be as:

  • Individual
  • Sole Proprietor
  • Limited Companies
  • Partnership Firms
  • Associates /Societies / Clubs
  • Hindu Undivided Family
  • Trusts
  • Executors, Administrators and Liquidators

Documents Required to Open a Current Bank Account

Some of the basic documents required to open a current account in a bank are:

KYC Documents needed for Current Account

  • Duly Signed Application Form with a Photograph
  • Identity Proof like copy of PAN Card and Aadhaar Card of all directors or partners
  • Address Proof like telephone bill or electricity bill
  • A cheque for opening current bank account

Business Proof Documents for Current Account

  • Partnership Deed (in case of Partnership Firm)
  • Certificate of Incorporation, Memorandum of Association & Article of Association (in case of Companies)
  • Certificate by Sales Tax or Service Tax authorities (in case of Proprietorship Firm)
  • Address Proof of the Firm / Company / Hindu Undivided Family


Why is the current account required?

A Current Account is generally opened by businesses to carry out their banking transactions. The current account does not offer any interest and businesses that deal with high cash transactions on a regular basis use Current Accounts. However, a Current Account can also be used for other entities like individuals as well.

What are the documents required for opening a current account in SBI?

Individuals require PAN and Aadhaar for opening a current account in SBI.

Can I open a current account without documents?

No, according to the updated guidelines of RBI, Aadhaar and PAN are the mandatory documents and individuals are obliged to furnish them for opening a current account.

Is a PAN card required to open a current account?

According to the RBI guidelines, PAN and Aadhar are the mandatory documents for opening a current account if an individual does not have a PAN card then the customers would have to provide proof that they have applied for these identification documents within the past six months.

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Please wait while your information is being processed...