Bank account for proprietorship firm

This query is : Resolved

Kamal Kumar (Querist)
Follow

01 April 2016 Dear Experts,

Greeting of the New Financial Year

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..

Thanks In Advance
Kamal

venkata krishna reddy

venkata krishna reddy (Expert)
Follow

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.

Message likes : 1 times