Professionals, businesses, associations, institutions, societies, trusts, etc., open Current Accounts to avail a wide range of benefits. If you know what a Current Account is, you understand that this account type allows restriction-free withdrawals and deposits, a higher number of monthly cheques, convenient deposits and transfers across Bank branches and easier overdraft and loan facilities.
Opening a Current Account is a simple process. You only need to fulfil a few formalities along with some basic documentation. You must provide certain documents to open a Current Account. However, the documentation requirements vary for different types of account holders. Here is an overview of the documents required for various kinds of applicants.

Documents Required for Sole Proprietorships

Proof of business/ activity in the proprietary firm’s name (any two of the following):
· CST/VAT/ GST certificate
· Certificate/licence issued by the municipal authorities under the Shop and Establishment Act
· Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
· Complete ITR (Income Tax Return) in the sole proprietor’s name where the company’s income is reflected (duly authenticated/acknowledged by the Income Tax authorities)
· IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ Licence/certificate of practice issued by any professional body incorporated under a statute in the proprietary concern’s name
· Certificate/ License of Registration under any specific Statute/Act of the government
· TAN Allotment Letter issued by NSDL in the name of the firm
· Utility bills such as water, electricity, and landline telephone bills
· Sole Proprietor’s Identity and Address Proof, including passport, driving licence, voter ID card, Aadhaar card, PAN card, and letter issued by the National Population Register

Documents Required for Partnership Firms

· PAN in the firm’s name
· Partnership Deeds
· Registration Certificate or a government-issued certificate confirming the firm’s name, address and activity
· Certificate/licence issued by the municipal authorities under the Shop and Establishment Act
· CST/VAT/ GST certificate
· Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
· IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ Licence/certificate of practice issued by a professional body incorporated under a statute in the proprietary concern’s name
· Complete ITR in the firm’s name, where its income is reflected (duly authenticated/acknowledged by the Income Tax authorities)
· TAN Allotment Letter issued by NSDL in the firm’s name
· Certificate/ License of Registration under any specific Statute/Act of the government
· Utility bills such as water, electricity, and landline telephone bills
· Partnership Declaration in Bank format (signed by all partners)
· Identity and Address Proof of Partners, including passport, driving licence, voter ID card, Aadhaar card, PAN card, and letter issued by the National Population Register

Documents Required for Limited Liability Partnerships

· PAN in the firm’s name
· LLP agreement
· Certificate of Incorporation issued by the Registrar of Cos
· Resolution for Account Opening
· Beneficial owner information and KYC documents
· Identity and Address Proofs of Partners/Authorised Signatories, including passport, driving licence, voter ID card, Aadhaar card, PAN card, and letter issued by the National Population Register

Documents Required for HUFs

· PAN card in the HUF’s name
· HUF declaration (signed by all the co-partners with the Karta’s name operating the account)
· Identity and address proof, including passport, driving licence, voter ID card, Aadhaar card, PAN card, and letter issued by the National Population Register
· Signature Proof of Karta

Documents Required for Public or Private Limited Companies

· PAN Card in the company's name
· Certificate of Incorporation
· Certificate of Commencement of Business (only for limited companies incorporated under the Companies Act 1956)
· Updated Memorandum & Articles of Association
· Board Resolution for Current on Letterhead
· List of Shareholding patterns on Letterhead
· Proof of Principal Place of Business / Registered Office / Mailing Address
· The present list of names of Directors
· Identity and address proofs of the Authorised Signatory, including passport, driving licence, voter ID card, Aadhaar card, PAN card, and letter issued by the National Population Register
· Beneficial owner information and KYC documents

This is an indicative list and may vary based on your Current Account type. If you are ready to take the next step, visit Kotak Mahindra Bank’s official website and reach the Current Account page. Review the types of Current Accounts they offer and apply for the one you want to open.