KVB Bank Account Opening
KVB Bank Account Opening Form Download
Based on the provided corporate application form from Karur Vysya Bank (KVB), here are the key highlights and requirements for opening a corporate current account:
Form Filling Rules
- Ink & Case: Must be filled in capital letters using black ink only.
- Mandatory Fields: All fields marked with an asterisk (
*) require compulsory submission.
Business Classification
- Supported Constitutions: Sole Proprietor, Partnership, LLP, HUF, Private Ltd., Public Ltd., Society, Trust, NGO/NPO, Clubs, Universities, or Government Bodies.
- Business Activities: Agriculture, Manufacturing, Trade, Finance, Transport, Services, Real Estate, Stock Broker, or Precious Metals/Jewelry dealing.
Digital Services Offered
The form allows businesses to apply for various electronic services, including:
- Digital Banking: KVB Corp Mobile Banking and Corporate Internet Banking (with separate Maker/Checker transaction roles).
- Cards & Alerts: Business Debit Cards, Add-on Cards, and transaction alerts via SMS or Email.
- Two-Factor Authentication: Secured login using OTP or the KVB-Netshield app (Soft Token).
Mandatory Declarations
- Credit Status: Applicants must declare whether they hold current accounts or enjoy credit facilities with other banks (requires a No Objection Certificate (NOC) if credit exists).
- Entity Type Letters: Specialized declarations are built into the form based on constitution, including Sole Proprietorship declarations, Partnership letters, HUF letters, and LLP binding agreements.
- Companies: Limited companies must attach a certified copy of the Board Resolution signed by the Meeting Chairman and Secretary.
Principal Documentation Checklist
The bank requires specific official proofs depending on the entity type:
- Sole Proprietorship: Registration certificate, Shop & Establishment Act license, GST certificate, or a 6-month bank statement.
- Partnership / LLP: Partnership Deed or LLP agreement, Incorporation document from ROC, and DPIN of designated partners.
- Companies: Certificate of Incorporation, DIN, Memorandum & Articles of Association (MOA/AOA), Board Resolution, and PAN allotment letter.
- All Accounts: PAN Card details, identity/address proofs for all authorized signatories, and a mandatory Bank Site Verification (CPV) report.
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