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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.


What is the procedure to open a current account for a new company?

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.


How do you recognize account payable?

Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.


What is the procedure to open a current account in India for a Foreign Company?

To open a current account in India for a foreign company, the company must first obtain a Permanent Account Number (PAN) from the Indian tax authorities. The application typically requires submission of documents such as the company's certificate of incorporation, board resolution authorizing the account opening, and proof of the company's address. Additionally, the foreign company must comply with the Foreign Exchange Management Act (FEMA) regulations and may need to provide information regarding its foreign exchange dealings. Once all documents are submitted, the bank will process the application and, if everything is in order, the account will be opened.


Balance of current account no is 11234200832 in sbi sojatcity on your email id?

my email id is shalugarg86@gmai.com this is rk& company's current account


SAMUDRA - GV SDN BHD is it a registered company?

I didn't check.But as far as i know any company that has a current(checking) account needs to be registered first before the bank would even consider granting them a current account.


Jekyll Company collected 500 on account What impact will this transaction have on the firm's current ratio?

no impact


What are the benefits of business current account?

A business current account has several benefits including allowing the business to move money in and out of the account in real time. It allows the company to pay for things it buys and also to pay in income from things it sells.


What is directors current account?

A director's current account is a financial record that tracks the transactions between a company and its directors. It typically includes the director's contributions to the company, any withdrawals or loans made, and the balance owed to or by the director. This account is important for maintaining transparency and ensuring compliance with regulations regarding director remuneration and loans. It helps in managing the financial relationship between the director and the company effectively.


What is a current account deficit?

current account deficit


What is a current accout?

a current account is an account you have now.


What is current account deficite?

current account deficit