Friday, May 2, 2014

Who is Open Bank Account?

Bank Account Opening Eligiblity :

1 Individuals - Either singly or Jointly with other Individual
2 Hindu Undivided Family HUF
3 Partnership Firms including Limited Liability Partnership firms
4 Limited Companies
5 Clubs and Association,Institution,Societies.
6 Trusts
7 Executors and Administrators
8 Official Liquuidators
9 Co-Operative Societies.
While opening the a/cs, the banker keeps in mind the various legal aspects and
practices involved in opening and conducting these accounts.

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