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Basic
Documents

Basic Documents

  • Savings
    Deposit
  • Current
    Deposit
  • Retail
    Loan
  • Corporate
    Loan

To open Savings Account, you just need to provide

  • Duly completed account opening form
  • Pan card/FORM 60- if, no Pan card
  • Proof of Residence of the applicant(s)
  • Proof of Identification of the applicant(s)
  • Two recent passport size color photographs of applicant(s)
  • Minor’s birth certificate
  • Introduction by an existing customer, whose account is at least 6 months old OR
  • Introduction letter of your existing bank verifying signature
  • In case institution, submit following constitutional documents
    • Trust : Trust Deed, Resolution
    • Society : By laws. Registration receipt, Resolution
    • HUF : HUF Deed, Co-parceners letter
  • Initial cash deposit

To open Savings Account, you just need to provide

  • Duly completed account opening form
  • Pan card/FORM 60- if, no Pan card
  • Proof of residence of the applicant(s)
  • Proof of Photo Identification of the applicant(s)
  • Two recent passport size color photographs of Partner(s) / Director(s)
  • Introduction by an existing customer, whose account is at least 6 months old OR Introduction letter of your existing bank verifying signature
  • In case institution, submit following constitutional documents
    • Company : Memorandum & Articles of Association, Resolution
    • Partnership Firm : Partnership Deed, Registration receipt
    • Trust : Trust Deed, Resolution
    • HUF : HUF Deed, Co-parceners letter
  • Initial cash deposit

Applicants

  • Account Opening form
  • Pan card /FORM 60- if no Pan
  • Proof of Residence of the applicant(s)
  • Proof of Identification of the applicant(s)
  • Two recent passport size color photographs
  • Introduction by an existing customer, whose account is at least 6 months old OR
  • Introduction letter of your existing bank verifying signature
  • Bank Statement of last one year
  • Repayment track record of previous loans, if any
  • Income Proof
    • For Salaried : Salary slips of past 3 months, Form 16 and Income Tax Returns of past 3 years
    • For Businessmen : Income Tax Returns, Profit and Loss Account and Balance Sheet of past 3 years

Guarantors

  • Pan card /FORM 60 - if no Pan
  • Proof of Residence of the applicant(s)
  • Proof of Identification of the applicant(s)
  • Two recent passport size color photographs
  • Bank Statement of last one year
  • Income Proof
    • For Salaried : Salary slips of past 3 months, Form 16 and Income Tax Returns of past 3 years
    • For Businessmen : Income Tax Returns, Profit and Loss Account and Balance Sheet of past 3 years

Applicants

  • Submit audited
    • Financial statements (i.e. P & L and Balance Sheet with schedules) for the last 3 years
    • Directors Report (In case of Companies)
    • Auditors Report
    • Tax Audit Report (If applicable)
  • In case of Company / Partnership Firm / Charitable Institution, submit following constitutional documents
    • Company : Memorandum & Articles of Association
    • Partnership Firm : Partnership Deed
    • Charitable Institution : Trust Deed
  • Details of top 5 clients and 5 suppliers
    • Name, Address, Phone No.
    • Value & quantity wise break up of sales & purchase of previous & current year
  • Bank statements of the Applicant (Proprietory / Partnership / Company) for the last 1 year
  • Audited Financials with the schedules of associate / sister concern (if any),
  • with Bank statement for last 1 year
  • Income Tax Returns with computation of Income for last 3 years
  • (Proprietorship / Partnership/ Company)
  • Income Tax Returns with computation of Income of Individuals for last 3 years
  • (Proprietor/ Partners / Directors )
  • Copy of the sanction Letter / confidential opinion / bank statement
  • (Term Loan / CC) of sanctioned credit facility by any other financial institution
  • Valuation Report of security at least once in 3 years by an approved valuer
  • Statement of drawing Power twice a year as on 31st March & due date of limit at the
  • time of renewal, to suffice the limit
  • Statement of last year
    • Sister concerns bank statement
    • Term loan statement (if any)
  • Detail sales, purchases on monthly basis for current and previous year
  • Statement of stock/ debtors/ creditors of previous month
  • Periodic classification of debtors ( < 90 days, 90-180 days, 181 - 365 days and above )
  • for previous month and as on last balance sheet
  • Brief profile of business and of the Proprietor/ Partner(s) / Director(s)
  • Brief on existing setup i.e. Factory / Business premises ( Rented/ ownership), machinery,
  • no of employees, capacity, sales price per unit/ cost price per unit and manufacturing process flow chart
  • Copy of advance tax paid challan and TDS receivable extract
  • Proof of availability of margin in the form of FD’s, liquid cash, etc
  • Net worth statement of Partner(s) / Proprietor / Director (s)
  • A copy of title documents of collateral security offered
  • Status of statutory payments as on date ie. Copy of assessment order of income tax, sales tax, VAT, Service tax and any other tax applicable