How to Open a Current Account Tamil
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- เผยแพร่เมื่อ 5 ส.ค. 2020
- How to Open a Current Account
One tool that helps entrepreneurs to run their business effectively is the Current Account. In this article, we are going to see what is a Current Account, how this is useful to entrepreneurs and what are the documents required to open a current account
What is a Current Account:
Current Account is a Bank Account for businesses. It will not be used for investment or saving but only for day to day transactions. In India, a current account can be opened with a minimum balance of Rs.5000 to Rs. 25,000. The business account holder is permitted to withdraw the amount with cheques, and normally banks do not give interest for the money lying in the current account.
Benefits of a Current Account:
1. It enables the current account holder to obtain an overdraft (short-term borrowing) facility.
2. There is no restriction for a current account holder on minimum transactions.
3. The Business organizations can open bank accounts in the name of the Company only through Current Account
4. This would be useful to organize the business transactions and would be helpful to the taxation process.
5. By holding a Current Account you can obtain Credit card transaction tools, cheque, and even online banking support.
Who all can open a Current Account.
In my earlier articles, I had explained about various types of Business Entities.
• Proprietorship
• Partnership
• Limited Liability Partnership
• Private Limited
• One Person Company
• Public Limited
• Hindu Undivided Family
• NGOs
all the above entities can open a current account for their organizational transactions.
What are the Documents required for opening a Current Account
To open a current account, the business entity needs to provide various documents of business as well as the owner which are called Know your customer (KYC) Document. The documentation varies from entity to entity and clearly mentioned below:
A. Proprietorship Firm
1. Address Proof of the Proprietor
2. PAN Card of the Proprietor
3. Passport Size Photo of the Proprietor
4. Minimum 2 Government document in the name of Business (GST/MSME/FSSAI/IE Code/ etc)
B. Partnership Firm
1. Partnership Deed
2. PAN Card of Partnership Firm
3. List of Partners
4. Address Proof, ID Proof and Passport size Photo of authorized signatory
5. Any one Government document in the name of Business (GST/MSME/FSSAI/IE Code/ etc)
C. Private Limited & Public Limited
1. Certificate of Incorporation
2. MOA & MOA
3. Board Resolution
4. PAN Card of the Company
5. List of Directors
6. Address Proof, ID Proof and Passport size Photo of authorised signatory
D. Limited Liability Partnership
1. Certificate of Registration
2. PAN Card of the LLP
3. LLP Deed
4. List of Authorised Partners
5. Address Proof, ID Proof and Passport size Photo of authorized signatory
E. One Person Company
1. Certificate of Incorporation
2. PAN Card of the Company
3. List of Director and Nominee
4. Address Proof, ID Proof and Passport size Photo of authorized signatory
F. Hindu Undivided Family
1. PAN Card of the HUF
2. Address Proof, ID Proof and Passport size Photo of Kartha
3. Any one Government document in the name of Business (GST/MSME/FSSAI/IE Code/ etc) - แนวปฏิบัติและการใช้ชีวิต
Best information. Thank you very much. It is very very useful. God bless you.
I am working in bank .but learning from you ...good bro
🙏Thank you sir, Nice explanation👍
Super sir really good explanation. Thank you so much sir.
Super 👌 information Sir 🤝🤝🤝🤝🤝👍
Super speeches and presentation.
very usefull brother thank you
❤❤❤❤ touching speaking looking and presentation.
Thanks a lot sir
Good information thank you very much sir
Thank you sir
Sir. I received my msme certificate. But,at the time of download i enterd my name in the column of Name of Enterprise instead of company name. How to make correction.
அருமையான பதிவு சகோதரரே 👌👌👌
Thanks a lot for watching brother...
Sir my father is painting contractor...what kind of documents he should summit for current account sir...now only he get gst...but in individual name sir.
Hi sir very good
May I know current account is compulsory before registering name udhayam?. and, if any possibilities to edit the bank details in future (SB account to Current)
I have GST number and udyog registeration number. But have low cibil. What can I do sir? How can I open current account without cibil checking?
sir please post videos about Startup India Benefits
Can you please say how to apply PAN Card for partnership current account what are the document required
Hello sir.. my doubt is which type of account I can choose for trading.. either savings account or current account..?
Simple beautiful intelligent looking speaking and presentation.
@@subramaniiyer3801 thanks for your support sir
Sir plz update how to check name availability
Individual Traders ku endha Bank account type best? Suppose avanga 25L earn panni erukangana savings account laye withdraw panalama illa current account open panni pannanuma?
InviduAl current ac kum firm current ac kum ulla different enna sir
Over draft permission rules and any
Mobile banking is available for current account ?
For current a/c opening need msme r gst
Msme or gst applying need current a/c
Do we have to deposit any minimum amount to open current account?
Sir current account open panna bank ku etho oru code iruka nu paaka solirunthenga enna code bro athu? Antha code irukura bank la matum neega current account open pannuga nu advice panirunthenga
Sir I'm going to start a small business like retail bussiness at home itself. I m going to register udyog aadhar. You said account number to be enter in udyog registration .after the registration only we have to open current account .in udyog aadhar one account businesses name one account. Please explain sir
Sir, udyog Aadhar changed to Udyam Registration where you need to provide your savings bak details initially...
2.40 to 3.00 mins ,4.40 to 5.00 which one i take first....?
Sir current account la UPI one day transaction limit evlo
Yenga sir intha current ac ku 1 month waigt panran
Indian bank la kuduka matranga
Sir, I want to open a current account for my medical wholesale business. Earlier I took person loan from a private sector. The bank staff told me that they unable to open current account due to personal loan remaining. Is the cibil necessary for current account opening?
Cibil is not necessary for current account...
Current account open panitu gst register pananuma? Illa gst panitu current account open pananuma?
Sir, GST is required to open a current account?
I have registered the pvt ltd company.
Yes
What about trust?!
👍🙏🙏🙏
I am homemaker can I start business with saving ac., Or to apply for current a/c
Must open current account for busines holder
Msme proprietary ku savings account podhuma or current account tha irukanuma
You need to open a separate Current account bro
sir i planned to will open E commerce platform , I need some details about where to register and how to register ? is it Pvt or Other ?
Hi
Same doubt
Ur details plz
Sir I converted my proprietorship concern into a private limited company.In the bank, they r asking for the licence name to be in the company name to open current ac.Existing licence is in a different name. Do I have to change my licence?do they need a licence to open current ac?I have already submitted PAN, TAN MOA AOA.Pl clarify
What did you do?
Proprietorship Firm ku current account open pandrathuku msme certificate and another one ennathu
Gst / corporation license
1st uh : GST, MSME certificate lam vaanganum na athuku current account number tharanum nu sonninga.
Later : current account open pannurathuke minimum 2 licence proof GST oh MSME oh kudukkanum nu solringa. Epdi. Confuse aaguthe
Where it is said, you need to submit current account for filing gst/msme??
@@LeIntelligensia 2:42 la GST, MSME registration ku current account number venum nu solringale. Andha edam than confusion.
Sir, I am freelance web developer and now a days I have started to make a Digital marketing through only your video's
But I am having one major doubt
How can I get paid from my client I am freelancer so I have not registered any company I am collecting the charges through my saving account
But I got a call Today from bank
That you are getting a more money from unknown account regularly
What can I do
How can I get paid
Plz tell me sir
Better you can register for MSME and open a current account
@@LeIntelligensia ok sir , thank you
hi brother iam planning to do 3 business at a time can i use same current account for all the 3 business
If the name of the company is same for all 3 businesses, you can use the same current account
ROC CERTIFICATE na ...Udhaaym registration Certificate ahh ?
ROC certificate is Private Limited Registration Certificate.
@@LeIntelligensia where to get this certificate ?
difference between udyog aadhaar and udyam registration.....
Both are same
@@LeIntelligensia i have a msme certificate but... I can't open my company account... I need company account anna.. But how to open in bank... Pls help me anna... Foor english manage yourself anna.
You can approach nationalized banks. Who accepts msme certificate as kyc document and will open the current account
Anna.. I need company account... What are the documents need... Anna
@@user-gf9bc8id2d if it is going to be a Private Bank, you need to submit MSME and GST. If it is going to be a nationalised bank, just msme and your personal pan would be suffiy
Sir i am a stage decorator. What are the documents I need to open an current ac.
MSME certification
Bro neega yentha ooru
Eththana nal la varum current account
@@ajithaaji7845 it differs from Bank to Bank
Confused video
MSME, GST Certificate வாங்கவே Account தேவை, அப்ப எப்படி Account open பண்ன முடியும்
Saving ac podhum
Are you running export business
2:50 fake news current account not compulsory for gst registration
Through which account you operate your business? Savings or Current account? Once you register your GST, through which account you collect money?