• There will be 2 cycles of HAB in a Financial Year (i.e. April-September & October-March). HAB charges will be applicable in subsequent cycle of account opening if the account has not maintained desired HAB*. 

• View the complete and updated list of charges

*HAB – Half Yearly Average Balance

• 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 authorised 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