Complete guide to opening bank account in India for foreign companies. Learn about requirements, documents needed, KYC compliance, RBI regulations, and get expert assistance for your banking needs.
Fill in your details for personalized guidance
Gather all required documents including Certificate of Incorporation, PAN, MOA, AOA, and KYC documents of directors.
Select a bank that suits your needs. Consider factors like services, charges, minimum balance, and branch network.
Submit account opening application with all required documents. Some banks may require physical presence of directors.
Complete KYC verification and wait for account activation. Account is typically activated within 7-15 working days.
Yes, foreign companies can open bank accounts in India after company incorporation. They need to provide Certificate of Incorporation, PAN, MOA, AOA, board resolution, and KYC documents of directors.
Required documents include: Certificate of Incorporation, PAN card, MOA and AOA, Board resolution authorizing account opening, KYC documents of all directors, registered office address proof, and other documents as specified by the bank.
Some banks require physical presence of at least one director for account opening. However, many banks now allow account opening through video KYC or with proper documentation. Check with your bank for specific requirements.
Minimum balance requirements vary by bank and account type. Corporate accounts typically require minimum balance ranging from ₹10,000 to ₹1,00,000. Some banks offer zero-balance accounts for startups.
Bank account opening typically takes 7-15 working days after submission of all required documents, subject to KYC verification and bank processing. Some banks may take longer for foreign companies.
Yes, foreign companies can open multiple bank accounts in India. However, they must inform RBI about all bank accounts opened in India as part of compliance requirements.
KYC requirements include: company incorporation documents, PAN, address proof, identity and address proof of all directors, beneficial ownership details, and other documents as per bank policy and RBI guidelines.
Yes, foreign companies can avail loans from Indian banks subject to RBI regulations and bank policies. They need to meet creditworthiness criteria and provide necessary documentation.
Fill in the form below and our expert team will contact you within 24 hours
Professional business services and expert guidance for your company needs
+91 9782280098
+91 9664146595