Corporation Bank Account Opening Form PDF Details

Opening a bank account for a corporation means submitting a detailed application to Corporation Bank, a Government of India enterprise. The form covers several account types: Savings Bank accounts for basic business banking, Current accounts for high-transaction operations, and specialty products like CorpElite, CorpJunior, and CorpPayroll. Businesses select the account type that best fits their needs and provide the required initial deposit amount.

The application asks for the full business name, registered address, and contact information for all account holders. For joint accounts, details for each applicant must be included. The form also requires each authorized signatory to list their designation and employee number. Linking multiple accounts is allowed and simplifies fund management across business divisions.

Corporations must provide specific documents when opening a bank account. Required documents include the Certificate of Incorporation, Memorandum of Association, Articles of Association, and a board resolution authorizing account opening. Authorized signatories must submit identity proof (PAN card, passport, or Aadhaar) and valid address proof. All documents must be self-attested before submission.

The nominee section captures the nominee name, relationship to the account holder, date of birth, and residential address. Corporations may designate a nominee for each account. The declarations section must note any existing credit facilities or accounts at other banks. Occupation codes and account operation instructions (single, jointly, or either-or-survivor) are also required fields.

Optional services available at account opening include CorpNet internet banking with a preferred user ID, the CorpConvenience debit card with a name up to 24 characters, CorpDial telephone banking, a personalized cheque book, and CorpJeevanRaksha insurance savings. Selecting these services on the opening form speeds up activation and reduces follow-up visits to the branch.

After submitting the form with all required documents, Corporation Bank reviews the provided information. Account activation typically takes a few business days. You will receive your account number, cheque book, and debit card by mail. Internet banking access is configured with the credentials you listed on the form.

QuestionAnswer
Form NameCorporation Bank Account Opening Form
Form Length4 pages
Fillable?Yes
Fillable fields517
Avg. time to fill out34 min 49 sec
Other namescorporation bank open account, open a corporate bank account, corporation bank zero balance account opening, corporation bank savings account opening

How to Fill Out Account Opening Form for Savings Bank/Current Account

Account Opening Form for Savings Bank/Current Account at a glance

What it is: Account opening form for savings bank/current account.

Who signs: Signature/s of depositor/s go on the form.

A filled-in Account Opening Form for Savings Bank/Current Account example: one applicant gives user ID choices

Account Opening Form for Savings Bank/Current Account example filled out, example: one applicant gives user ID choices
Pat Sample, the only applicant, ticks Savings Bank. Beneficiary Name stays empty because Pat wants no transfers to other persons' accounts. The picture shows page 1 only, and every value in it is made up.

How to fill out Account Opening Form for Savings Bank/Current Account, box by box

Savings Bank, Current, CorpElite, CorpJunior, CorpSenior, CorpClassic, CorpPayroll and CorpPremium

Account Opening Form for Savings Bank/Current Account example filled out, savings Bank, Current, CorpElite, CorpJunior, CorpSenior, CorpClassic, CorpPayroll and CorpPremium

Tick whichever is applicable: Savings Bank, Current, Corp Elite, Corp Junior, Corp Senior, Corp Classic, Corp Payroll or Corp Premium.

Full name of applicant/s

Account Opening Form for Savings Bank/Current Account example filled out, full name of applicant/s

Mention names of individuals, proprietor, partners, directors, trustees, office bearers etc., with designation in applicable cases.

Fill in the Father's / Husband's Name.

For accounts of firms, companies, trusts, associations etc., fill in the ACCOUNT NAME.

PAN/GIR No., Date of Birth, Occupation Code and Telephone/ Mobile No.

Account Opening Form for Savings Bank/Current Account example filled out, pAN/GIR No., Date of Birth, Occupation Code and Telephone/ Mobile No.

In PAN/GIR No., fill in the PAN/GIR No.; submit F60/61 in the absence of PAN/GIR No. DATE OF BIRTH is mandatory if applying for CorpConvenience Card.

For OCCUPATION CODE, refer end of third page. Fill in the TELEPHONE/ MOBILE NO.

CorpNet - Internet Banking User ID preference

Account Opening Form for Savings Bank/Current Account example filled out, corpNet - Internet Banking User ID preference

Customers other than individuals (single or joint) should use separate form for CorpNet facility.

Specify 3 choices for User ID preference, minimum 6 letters & or numbers and maximum 16 letters & or numbers. Use only small letters.

Beneficiaries for Funds Transfer

Account Opening Form for Savings Bank/Current Account example filled out, beneficiaries for Funds Transfer

This portion need not be filled up if you do not wish to transfer money to other persons' accounts through CorpNet.

For I, II, III and IV, fill in the Beneficiary Name, Beneficiary Bank & Branch Name, Beneficiary Account Type & Number and Beneficiary code (for easy identification), if required.

Linking other accounts

Account Opening Form for Savings Bank/Current Account example filled out, linking other accounts

Link the accounts maintained with the Bank or other branches of the Bank for Corp Convenience, Corp Net and Corp Bill Pay facilities, with Branch Name, Account Type & No. (e.g.,SB/01/12345) and Mode of Operation.

Fill in the Name/s of Co-Account Holders and the Sign of Co-A/c holder for consent.

More rules for Account Opening Form for Savings Bank/Current Account

Name to be printed on the card: not to exceed 24 characters, leave one box blank after every initials/surname/first name/middle name.

Tick in the applicable box under 1. Account to be operated by: Me, No.1, No.2, No.3, Jointly by ..., Either or survivor, Any one, Mandate Holder (Name) (Attach Mandate Letter) or Others (specify).

Tick in the applicable box for the Nomination for the Account: Nomination is required by me, Nomination Form is furnished or Nomination facility is not required by me.

Under 1. Following documents are submitted, tick in the applicable box: HUF Letter, Letter of Mandate, Letter of Proprietorship, Partnership Letter, Partnership Deed, Certificate of incorporation, Copies of Memorandum & Articles of Association, Certificate of ROC for commencement of business, Certified copy of Board Resolution, Trust deed, Bye Laws or My/our/authorised signatories specimen signature/s.

Paste a recent passport photograph of each of the account holder and obtain his/her signature on the bust portion thereof.

If you submit F60/61 in the absence of PAN/GIR No., on Form No. 60 the declarant declares that what is stated on the form is true to the best of the declarant's knowledge and belief.

Common questions about Account Opening Form for Savings Bank/Current Account

Who signs it?

Signature/s of depositor/s go on the form.

Sources

[1] Account Opening Form for Savings Bank/Current Account (no issuer file found) (the Official source link on this page).

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