Documents for Sole Proprietorship Accounts

List of documents required by a Sole Proprietorship entity to open a Current Account powered by RazorpayX in partnership with IDFC First Bank.

Available in🇮🇳 India

You can find the list of documents required for a Sole Proprietory entity to open a Current Account through RazorpayX in partnership with IDFC First Bank.

Handy Tips

• All declarations should be in the company letterhead along with date, sign, and relevant stamps.
• All KYC documents must be presented in original hard copies to the bank Relationship Manager assigned to you.

Documents and Forms Required

List of Documents for a Sole Proprietorship

• Account Opening Form (duly signed by all Authorised Signatories with relevant seals)
• Customer Information Form(s) (CIF) of all Authorised Signatories/Proprietor signed in individual capacities.
• 2 ID proofs in the name of the entity.
• KYC of Proprietor.
• KYC of Authorised Signatory (if different from proprietor).
• Nature of industry proof (in case not indicative in entity documents, please check for invoice copy, bill of entry, freight invoice, or agreement copy).

Download Forms

List of Other Applicable Documents

Below are the list of documents to be submitted in whichever cases applicable.

Particulars	Entity ID Proof	Address Proof
Registration certificate issued by Registrar of Firms, in case of registered partnership firm	Y	Y
Valid Shops & Establishment Certificate	Y	Y
Trade License	Y	Y
GST Registration Certificate in the name of the firm	Y	Y
CST / VAT Registration Certificate (for goods not covered under GST)	Y	Y
Firm Registration certificate/letter issued by Institute of Chartered Accountants of India (ICAI), or Institute of Cost Accountants of India or Institute of Company Secretaries of India or Indian Medical Council	Y	Y
Certificate by Food and Drug Control Authorities (if applicable)	Y	Y
Latest copy of the Electricity Bill	Y	Y
Latest copy of Telephone Bill from telecom operator	Y	Y
True copy of gas connection book and latest gas receipt or Gas bill in case of pipe connection	Y	Y
Latest Three months Bank Statement/Passbook from scheduled commercial bank with account opening cheque/Cancelled cheque (Not Applicable for Sole Proprietorship)	N	Y
Trade Mark Registration Certificate (if applicable)	Y	Y
Drug License (if applicable)	Y	Y
License/ Certificate to Sell/ Stock/ Exhibit for Sale or Distribute Insecticide/Pesticide (if applicable)	Y	Y
IEC (Importer Exporter Code) Certificate issued to the proprietary concern by the office of DGFT (if applicable)	Y	Y
SEBI Registration Certificate (if applicable)	Y	Y
Labour License/Certificate (Note: Labour certificate issued by Department of Labour Govt of National Capital Territory of Delhi is not considered) (if applicable)	Y	Y
Registered Rent Agreement in the name of the company or Notarized Rent Agreement to be accompanied. Additionally, the rent agreement submitted should have at least 3 months of validity period from the agreement expiry date (if applicable)	N	Y
Udyam registration	Y	Y

Related Information

Open a Current Account