Current Account Opening Documents for Pvt Ltd, OPC and LLP
Opening a company current account for a newly registered Private Limited company, OPC or LLP? This bank account opening documents checklist covers company records, authorisation and KYC. Compare startup current account offers, including any zero balance current account eligibility and conditions, before choosing your bank.
Which documents do you need to open a Company or LLP current account?
A bank checks the business's legal identity, the people authorised to operate its account and its beneficial owners. Prepare the entity records and individual KYC together, then obtain the chosen bank's current checklist.
- Private Limited Company account opening documents: incorporation certificate, PAN, MOA, AOA, authorisation and relevant KYC.
- OPC account opening documents: Company records plus authorisation appropriate to the OPC's director structure.
- LLP current account documents: incorporation certificate, PAN, LLP Agreement, partner mandate and relevant KYC.
OPC bank account opening: what should a single founder check?
An OPC is a Company, so its account is opened in the Company's legal name. Confirm the bank's accepted authorisation format for a single-director OPC, and keep the director, authorised signatory and beneficial-owner details consistent across the application and supporting records. The nominee's role does not automatically authorise them to operate the bank account.
Common reasons the bank asks for more documents
Check for different names or addresses across the PAN, incorporation records, office evidence and application. Provide the latest LLP Agreement or Company records where details have changed. Confirm who must sign the mandate and how the bank wants copies certified.
Before choosing an entity, compare PVT LTD, LLP and OPC. After opening the account, follow the post-registration compliance guides.
Private Limited Company / OPC: Bank Account Opening Documents
- Certificate of Incorporation and company PAN.
- MOA and AOA (Memorandum and Articles of Association).
- Board resolution / account-opening authorisation naming authorised signatories and the mode of operation. For a single-director OPC, confirm the bank’s accepted format.
- Director list, shareholding and beneficial ownership details.
- KYC: PAN, accepted identity/address documents and photographs for authorised signatories and beneficial owners; director KYC as requested.
- Registered office / operating address proof accepted by the bank, completed application and applicable declarations.
LLP: Current Account Opening Documents
- Certificate of Incorporation and LLP PAN.
- Executed LLP Agreement and amendments.
- Partners’ resolution / mandate naming authorised signatories and the mode of operation.
- Partner / designated partner list, contribution, profit-sharing and beneficial ownership details.
- KYC: PAN, accepted identity/address documents and photographs for authorised signatories and beneficial owners; partner KYC as requested.
- Registered office / operating address proof accepted by the bank, completed application and applicable declarations.
Signing, Rubber Stamps and Office Signboard
Documents requiring certification or authorisation should be properly signed and stamped as instructed by the bank, by the relevant Director, Designated Partner or Authorised Signatory. Personal KYC copies should be self-attested where required. Company, LLP and authorised signatory rubber stamps are available from Rubber Stampwala.
Banks may verify your business premises and take office or signboard photographs. For Pvt Ltd companies and OPCs, Section 12(3)(a) of the Companies Act, 2013 requires conspicuous display of the company name and registered office address outside every office or business location, with the prescribed language requirements. You can procure a company signboard from Rubber Stampwala. This Companies Act provision is specific to companies.
Which Banks Offer Zero-Balance Current Accounts for New Pvt Ltd, OPC and LLP Businesses?
Eligible new businesses can access startup accounts with temporary balance waivers. Incorporation alone does not guarantee eligibility, and the offers are not necessarily lifetime zero-balance accounts.
| Bank / startup account | Zero-balance benefit | Eligibility / important condition |
|---|---|---|
| IDFC FIRST — FIRST Startup | Nil balance maintenance for the first 3 years; thereafter ₹2 lakh monthly balance requirement. | Pvt Ltd, LLP and OPC incorporated within 3 years. Initial funding may apply. Confirm DPIIT/incubator eligibility: the bank’s eligibility section and FAQ differ on DPIIT requirements. |
| HDFC Bank — Startup | Nil average quarterly balance for 1 year; then ₹50,000 AQB. Non-maintenance charges can also be waived with qualifying quarterly digital credits of ₹5 lakh or more. | Eligible Pvt Ltd, LLP and OPC under 10 years with an innovative, scalable business. Published initial payment: ₹50,000. |
| IndusInd Bank — Indus Startup | Non-maintenance charge waiver for 3 years; thereafter ₹1 lakh average monthly balance. | A startup-specific waiver. Confirm eligibility for your Pvt Ltd, LLP or OPC and opening-deposit requirements with the bank. |
Official bank offers checked on 8 October 2026. A balance waiver does not mean every service is free or that no opening deposit is required. Confirm the account variant, eligibility, charges and post-waiver balance in writing.
Is GST compulsory? GST registration is not a universal current-account requirement; submit the certificate where applicable. Match names and addresses across documents and obtain your chosen bank’s latest checklist.
References: RBI KYC Master Direction · Companies Act, Section 12 · HDFC eligibility · IndusInd charges.
