Please suggest if a Proprietorship require to open a separate bank account or it can us the proprietor's personal accounts for official transactions ? if it needs to open separate bank account it will be current account ? procedure and requirements for opening a bank account for proprietorship firm..
05 April 2016
for business transactions Current Account is suggestible.Requirements for bank A/c opening- Proprietor Pan Card, Registration Document(like service tax, vat etc) and 2photos. For Personal usage Savings Account can be use.
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