- Nationality: Indians
- Minimum age: 21 yrs and maximum 75 yrs
- Minimum work / employment experience: Minimum 5 yrs
- Applicable for salaried employees / self employed / firms (including private ltd / partnership / sole proprietorship)
Salaried employees include employees of selected public and private limited companies, employees of MNCs, government sector employees, including public sector undertakings and central, state and local bodies.
Self employed includes self-employed businessmen and/or professionals i.e. self-employed doctors (MBBS, MD, BDS, MDS) and chartered accountants.
Firms (includes private ltd / partnership /sole proprietorship)
| Applicant category |
Minimum annual income |
| Salaried |
INR 180 K |
| Self employed |
INR 180 K |
| Part/co |
INR 250K |
Documents
In addition to the completed account opening form, signature card and most important document (MID), the following documents are required (additionally, NOC from the lending bank(s) if applicable).
A) The documents required vary depending on the product proposition / constitution of the business entity.
B) Broadly, the applicants may be an individual, a proprietorship firm, a partnership firm or a Private Limited Company.
C) Non individuals
Individuals
In addition to a recent photograph of the customer, documents for proof of identity and address are required as detailed below:
|
Proof of identity (PI) |
Proof of address (PA) |
General
requirements |
Any one of the following:
(i) Valid Indian passport
(ii) Photo PAN card
(iii) Voter's identity card
(iv) Valid driving license
(v) Photo ration card with photograph of the accountholder
(vi) Defence identity card
(vii) Identity card issued by a government department / government company to its employees which includes the date of birth. |
Any one of the following:
(i) Valid Indian passport
(ii) Landline or post-paid mobile / WLL telephone bill not more than 6 months old
(iii) Bank account / credit card statement (not more than 6 months old) or passbook (with entries not more than 6 months old)
(iv) Utility (water / electricity / gas) bill (not more than 6 months old)
(v) Ration card
(vi) Property tax bill received from a government department (not more than 12 months old)
(vii) Pension payment order / book / card issued by the state / central government
(viii) Last available income tax assessment order or PAN allotment letter carrying address of the account holder
(ix) Bill issued by a co-operative housing society for monthly dues (not more than 6 months old)
(x) Life insurance policy or premium renewal notice (not more than 12 months old)
(xi) Valid registered lease deed in the name of the account holder along with utility bill in the name of the landlord |
Non individuals
The list of documents required for sole proprietorship firms, partnership firms and Private Limited Companies are:
Sole proprietorship
Identification requirements – At the minimum the following information should be provided:
- Full legal name – (verification required)
- Business or trading address – (verification required)
- Nature of business
- Identification details of the proprietor as specified for individuals (if the proprietor is a non-individual, details will be required as specified for the relevant entity type in this document) – (verification required)
- Identification details of any other authorized signatories and power of attorney holders – (verification required)
- PI and PA documents should be provided for the proprietorship concern as well as for the proprietor and any other authorized signatories or power of attorney holders
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Partnership firms
Identification requirements – At the minimum the following information should be provided prior to opening an account:
- Full legal name – (verification required)
- Registration number, if applicable (verification required)
- Business or trading address – (verification required)
- Nature of business
- Identification details of all partners as specified for individuals (if any partner is a non-individual, details will be required as specified for the relevant entity type in this document) – (verification required)
- Names of any other authorized signatories and power of attorney holders – (verification required)
Verification requirements
PI and PA documents should be provided for the partnership firm as well as for each of the partners and any other authorized signatories or power of attorney holders.
PI and PA requirements for the partners/authorized signatories/power-of-attorney-holders shall be as specified above for individuals (including requirement for a recent photograph).
In addition to the partnership deed with signatures of the partners matching those on the AOF (originals to be sighted as is the requirement for all other KYC documentation), following should be used to fulfil the PI requirements for the partnership firm:
- PAN card of the firm or registration certificate of the firm or any document listed below as being eligible as a PI document.
Any document listed below as PA documents can be used as PA requirements for the partnership firm
Note:
- All document copies to be verified against original
- The signing mandate on the account must not conflict with the partnership deed
- Accounts will not be opened for partnership firms where an HUF is a partner
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Private / unlisted limited companies:
Identification requirements – At the minimum the following information should be provided prior to opening an account:
- Full legal name (verification required)
- Registration number, if applicable
- Registered office in country of incorporation / registration (verification required)
- Business or trading address (if different from registered address) (verification required)
- Nature of business
- Names of all directors (verification required for two key directors)
- Names of authorized signatories and power of attorney holders (verification required)
Verification requirements
Following should be provided for verification purposes:
- Certificate of incorporation, memorandum and articles of association duly authenticated as a true copy by the company secretary
- PAN card of the company
- Appropriate board resolution authorising dealings with the bank (reference should be made to legal in case of any queries relating to content of the resolution and any related matters)
- Copy of the annual return filed with the registrar of companies to establish the shareholding pattern or a letter providing details of shareholding pattern, signed by the company secretary or chairman / managing director.
- List of directors duly signed off by the company secretary or chairman / director. Alternatively, the memorandum and articles of association may be provided (with a certified copy of form 32 filed with the registrar of companies if the names of directors do not tally with the names on the memorandum and articles of association or annual return).
- Verification of beneficial owners.
Documents that may serve as both PI and PA
- Certificate of Importer - Exporter Code
- PAN intimation letter issued by income tax department, bearing name and address of entity
- Copy of property tax / water tax bill / notice received from the government, not more than 12 months old
- Last available income tax / wealth tax assessment order received from the revenue department
- Sales / service tax registration certificate or intimation letter received for sales / service tax registration
- Valid shops and establishment licence
Documents that may serve as proof of address
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Please note
- The list of documents provided above is only indicative and meant for your easy reference. Further documents may be required for your loan processing based on your profile, property type and the bank's internal policies.
- All Loans/ facilities will be at the Sole Discretion of BARCLAYS. The Bank reserves the right to accept or reject any application. Terms and conditions for BARCLAYS Loans are subject to RBI guidelines and / or Bank policies and are subject to changes from time to time.
- Facility will not be sanctioned for speculative/illegal purposes
