answersLogoWhite

0


Best Answer

Many banks require an individual identification card and a tax identification number to open a new account for a company. There might also be a minimum balance requirement to keep fees to a minimum.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the procedure to open a current account for a new company?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you open the RBI current account for company?

RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.


Difference between current account and cash credit account?

i am a student and wanted to open my account should i open a current account or credit account


What is the procedure to open a bank account in India?

how much money do i need to open a saving account


Procedure for opening of Bank Account for Blind Person in India?

The procedure for opening of bank account for blind person in India dictates that they cannot open an independent account. They are required to open a joint account with a sighted person.


Who offers current accounts?

All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.


Who cannot open a current account?

A minor


Do you need NOC to open bank account with NBD?

Yes, I need for open a current account with NBD


What document needed to open a current account?

2 reference with current account, passport photograhy, utility bill


Can a company open PPF account for employee instead of PF account?

No.


Who is not permitted to open the current account in bank?

It depends on local legislation, but generally minors are not allowed to open a bank account.


How do you cancel my orangeshark account?

Contact the company you open the account with and say you want to cancel the account.


How can one open an account with American Express?

There are a variety of means to open an account with the company American Express. They are primarily a credit/prepaid card company. Contacting the company directly, via their website of the same name or phone, is the best way to open an account with American Express.