Biz Standard Current Account

Biz Standard Current Account

Low maintenance Easy to open
Let your business benefit from superior business banking at a low account balance
  • ​​​​Monthly average balance – ₹5,000
  • Branch cash deposit limit – up to ₹5 lakhs free every month
  • ‘At par’ cheque book – 50 cheques free every month
  • Unlimited branch cash withdrawals free every month
  • Free 5 IMPS/NEFT/RTGS/DD transactions every month 
  • Free 10 cash withdrawal transactions at other bank ATMs
  • Attractive EDC offerings
  • Net Banking and transaction alerts facilities
  • View the complete and updated list of charges 
  • Individuals (resident Indians) 

  • Sole proprietorships 

  • Hindu undivided families (HUFs) 

  • Partnerships / Limited liability partnerships 

  • Private limited companies/Public Limited Companies/One person companies/Joint Ventures

Here is a list of key documents required by a few of the eligible entities. To get a complete list, please contact your nearest branch.

Sole Proprietorship 

  • KYC documents of the Proprietor as applicable for individual  

  • Proof of existence of the entity

  • Proof of residence of the entity

Hindu Undivided Family 

  • KYC documents of Karta 

  • PAN of HUF or Form 60 with proof of existence of HUF entity  

  • HUF letter with the name and signature of all adult male and female coparceners 

  • HUF mandate letter  

Partnership Firms 

  • Registration Certificate of the Firm with registrar of firms (compulsory, if mandated under state laws)  

  • PAN  

  • Partnership deed  

  • Proof of address 

  • KYC documents of the partners 

Private/Public Limited Company/One Person Company 

  • Memorandum of Association (MOA) 

  • Articles of Association (AOA)  

  • Certificate of Incorporation  

  • PAN  

  • In case of Public Limited Company, Certificate of Commencement  

  • Latest list of directors duly signed by the person authorized to sign Board Resolution (Not applicable to one-person company) 

  • Board Resolution duly signed by the Company Secretary/Board of Directors and power of attorney granted to its managers, officers or employees to transact on its behalf.  

  • Address proof of Company (both registered and communication address) 

Joint Venture (JV) 

  • Constitutional KYC documents of the constituents of JV 

  • JV agreement  

  • PAN of JV entity  

  • Account opening letter (in case of the firms/individuals)/ Board Resolution (in case of the private/public Ltd companies) 

  • Power of attorney granted to the member(s) to transact on its behalf; any officially valid document in respect of the person holding an attorney to transact on its behalf 

  • Address proof of Joint Venture from proof of existence and proof of address 

 

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