How to open huf bank account

To open a HUF (Hindu Undivided Family) bank account, follow these steps:

• Draft a HUF Deed on stamp paper, detailing the Karta and coparceners.
• Apply for a dedicated PAN card in the name of the HUF.
• Obtain a rubber stamp with the HUF name and the Karta’s designation.
• Visit the bank with the HUF PAN, Deed, and KYC documents (Aadhaar or Passport) of the Karta and all members.
• Submit a recent bank proof, such as a cancelled cheque or statement, to complete the verification process.