Banking

How to open a bank current account

To open a bank current account in India, follow these steps:
  • Research and select a bank that fits your business needs, comparing minimum balance requirements and transaction fees.
  • Gather necessary documents, including identity proof (PAN card, Aadhaar), address proof, and business existence proof (GST certificate or trade license).
  • Apply online through the bank's website or visit a local branch to fill out the application form.
  • Complete the KYC process, which may involve a video call or physical verification.
  • Deposit the required initial amount to activate your account.

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