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Congratulations! on forming your new Company. 

After incorporation of a Private Limited Company, first step is to opening of Current Bank account on your company name. Company can open more than one bank accounts.

 

Opening Company Bank Account through MCA Portal

MCA Portal also allow stakeholder to open bank account. Private Limited Company or One Person Company or LLP can avail this feature to reduce paperwork.

Banks available through MCA Portal

Presently, only following banks are covered opening of corporate bank account through MCA:

  • ICICI Bank
  • HDFC Bank
  • Andhra Bank
  • Kotak Mahindra Bank
  • Yes Bank
  • Citi Bank

The expected time for completion of whole process for opening of bank account is estimated to be 3 days, if all required documentary proofs are provided and the information matching; In case there is any discrepancy in the forms provided then the account will be opened in ‘Debit Freeze’ and be made live only after all the discrepancies are sorted out.

Read: How to Conduct the First Board Meeting

Following is the list of attachments to be made while filing the application for opening of corporate bank account in MCA system:

Memorandum of Association ( MOA ) &

Articles of Association (AOA ) &

Certificate of Incorporation &

Board Resolution (BR) – duly signed &

PAN Card in the name of the company &

Certificate of commencement of business (Only in case of Public Ltd Co)

Any documents as mentioned above (except BR) containing address will be acceptable as address proof also.

If you wish to receive Board Resolution of Opening Bank Account for FREE, kindly mail to us at support@onlinefilings.co.in or  Click here to chat 

It is not mandatory for every company to file this form. This is an additional facility provided to the corporate for opening of their bank account through MCA portal without the need of submitting physical papers with the bank and thereby reducing the overall service delivery time.