Eligibility

• Member(s) should be a resident of Karnataka only

Available for:

• Individuals
• Sole proprietorships
• Partnerships / Limited liability partnerships
• Private limited companies
• Associations / Trusts

Total Membership charges – Rs. 2090

• Share capital of Rs. 1000. Share certificate (10 shares) is given.
• A New Savings account will be created – Rs. 500 will be deposited.
• Share Fees – Rs. 500
• Applicable GST on Share Fees – Rs. 90

• Resident Individuals / Sole Proprietorship Concern

  1. Copy of the PAN Card
  2.  Identity Proof: Voter ID Card / Passport / Aadhaar
  3.  Address Proof: Rental Agreement Copy / Aadhaar / Voter ID card
  4. Two latest passport photographs

• Trusts

  1. Copy of the Trust Deed
  2.  Copy of the PAN Card
  3.  Copy of the Registration Certificate
  4.  Copy of the Resolution of The Trustees
  5.  Authorization letter for the trustees concerned to open and operate the account
  6.  Photographs of the trustees operating the account

• Associations

  1.  By-laws of the Association
  2.  Copy of the Resolution by the board authorizing the members concerned to open and operate the account
  3.  Photographs of the members operating the account

• Partnerships / Limited liability partnerships

  1. Partnership Deed
  2.  Letter from partners approving the persons concerned to open and operate the account
  3. Copy of the PAN Card
  4.  Photographs of the persons operating the account

• Public / Private Limited Companies

  1.  Board Resolution / Authority Letter
  2.  Memorandum & Articles of Association
  3.  Certificate of Incorporation
  4.  Certificate of Commencement of Business (Public Limited Company)
  5.  Copy of the PAN Card
  6.  Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
  7.  Governing Act / Rules and Regulations(PSUs) (certified true copy)