To open Savings Account, you just need to provide

• Duly completed account opening form
• Pan card/FORM 60- if, no Pan card
• Proof of Residence of the applicant(s)
• Proof of Identification of the applicant(s)
• Two recent passport size color photographs of applicant(s)
• Minor’s birth certificate
• Introduction by an existing customer, whose account is at least 6 months old OR
• Introduction letter of your existing bank verifying signature
• In case institution, submit following constitutional documents
  • Trust : Trust Deed, Resolution
  • Society : By laws. Registration receipt, Resolution
  • HUF : HUF Deed, Co-parceners letter
• Initial cash deposit

To open Savings Account, you just need to provide

• Duly completed account opening form
• Pan card/FORM 60- if, no Pan card
• Proof of residence of the applicant(s)
• Proof of Photo Identification of the applicant(s)
• Two recent passport size color photographs of Partner(s) / Director(s)
• Introduction by an existing customer, whose account is at least 6 months old OR Introduction letter of your existing bank verifying signature
• In case institution, submit following constitutional documents
  • Company : Memorandum & Articles of Association, Resolution
  • Partnership Firm : Partnership Deed, Registration receipt
  • Trust : Trust Deed, Resolution
  • HUF : HUF Deed, Co-parceners letter
• Initial cash deposit

Applicants

• Loan Application Form
• PAN CARD
• Proof of Residence of the applicant(s)
• Proof of Identification of the applicant(s)
• Two recent passport size color photographs
• Introduction by an existing customer, whose account is at least 6 months old OR
• Introduction letter of your existing bank verifying signature
• Bank Statement of last one year
• Repayment track record of previous loans, if any
• Income Proof
  • For Salaried : Salary slips of past 3 months, Form 16 and Income Tax Returns of past 3 years
  • For Businessmen : Income Tax Returns, Profit and Loss Account and Balance Sheet of past 3 years
• Bank Loan statements along with Sanction letter copy

Guarantors

• PAN CARD
• Proof of Residence of the applicant(s)
• Proof of Identification of the applicant(s)
• Two recent passport size color photographs
• Bank Statement of last one year
• Income Proof
  • For Salaried : Salary slips of past 3 months, Form 16 and Income Tax Returns of past 3 years
  • For Businessmen : Income Tax Returns, Profit and Loss Account and Balance Sheet of past 3 years

Applicants

• Submit audited
  • Financial statements (i.e. P & L and Balance Sheet with schedules) for the last 3 years
  • Directors Report (In case of Companies)
  • Auditors Report
  • Tax Audit Report (If applicable)
• In case of Company / Partnership Firm / Charitable Institution, submit following constitutional documents
  • Company : Memorandum & Articles of Association
  • Partnership Firm : Partnership Deed
  • Charitable Institution : Trust Deed
• Details of top 5 clients and 5 suppliers
  • Name, Address, Phone No.
  • Value & quantity wise break up of sales & purchase of previous & current year
• Bank statements of the Applicant (Proprietory / Partnership / Company) for the last 1 year
• Audited Financials with the schedules of associate / sister concern (if any),
• with Bank statement for last 1 year
• Income Tax Returns with computation of Income for last 3 years
• (Proprietorship / Partnership/ Company)
• Income Tax Returns with computation of Income of Individuals for last 3 years
• (Proprietor/ Partners / Directors )
• Copy of the sanction Letter / confidential opinion / bank statement
• (Term Loan / CC) of sanctioned credit facility by any other financial institution
• Valuation Report of security at least once in 3 years by an approved valuer
• Statement of drawing Power twice a year as on 31st March & due date of limit at the
• time of renewal, to suffice the limit
• Statement of last year
  • Sister concerns bank statement
  • Term loan statement (if any)
• Detail sales, purchases on monthly basis for current and previous year
• Statement of stock/ debtors/ creditors of previous month
• Periodic classification of debtors ( < 90 days, 90-180 days, 181 - 365 days and above )
• for previous month and as on last balance sheet
• Brief profile of business and of the Proprietor/ Partner(s) / Director(s)
• Brief on existing setup i.e. Factory / Business premises ( Rented/ ownership), machinery,
• no of employees, capacity, sales price per unit/ cost price per unit and manufacturing process flow chart
• Copy of advance tax paid challan and TDS receivable extract
• Proof of availability of margin in the form of FD’s, liquid cash, etc
• Net worth statement of Partner(s) / Proprietor / Director (s)
• A copy of title documents of collateral security offered
• Status of statutory payments as on date ie. Copy of assessment order of income tax, sales tax, VAT, Service tax and any other tax applicable