KVB Bank KYC Documents Business From Download

KVB Bank KYC Documents Business

The provided document outlines the KYC Requirements for Entities to open a current account with Karur Vysya Bank (KVB). It categorizes mandatory submissions based on specific business structures.

Here are the key points for each entity type:

1. Sole Proprietorship Firms

You must submit the proprietor’s individual PAN and any two of the following in the firm’s name:

Registration / Municipal Licence: Shop and Establishment Act certificate.
Tax Proofs: Sales/Income Tax returns or CST/VAT/GST certificates.
Professional / Export Trackers: Importer Exporter Code (IEC) or professional body certificates.
Income Tax Return: Complete verified ITR reflecting the firm’s generated revenue.
Utility Bills: Electricity, water, or landline bills under two months old.

2. Partnership Firms & LLPs

Partnerships: Require the Partnership Deed, Firm PAN, Registration Certificate, and Power of Attorney (PoA) documents.
LLPs: Require the Certificate of Incorporation (with LLPIN), DPIN, LLP Agreement, and Firm PAN.
Authorizations: An account opening Board Resolution and attested specimen signatures are strictly mandatory for LLPs.
Individuals: Partners and PoA holders must provide individual PANs, identity proofs, and address proofs.

3. Companies (Private & Public Limited)

Corporate ID: Certificate of Incorporation (with CIN) and Memorandum & Articles of Association (M&A).
Tax & Operations: Company PAN and a certified Certificate of Commencement of Business (for Public Limited companies).
Governance Logs: Board Resolution, list of directors with DINs, and Form 32 if changes occurred.
Signatory Verification: Attested photograph signature cards and individual KYC/PAN for PoA managers.

4. Trusts, Associations, Clubs, & Societies

Legal Setup: Certificate of Registration, Trust Declaration, or organizational Bye-Laws.
Financial Markers: Trust/Association PAN card and managing body account opening resolution.
Stakeholder Logs: Explicit identity registries and PoAs for founders, trustees, managers, and active beneficiaries.

5. Hindu Undivided Family (HUF)

HUF Core: Legal PAN card registered directly to the HUF entity.
Manager ID: Comprehensive Identity and Address verification proof belonging strictly to the Kartha.

6. General Rules for Everyone

Individual KYC: All individuals authorized to operate the account must submit matching separate identity and address proofs.
Physical Check: You must carry original documents along with photocopies to the branch for physical validation.