Banking · Account Opening & KYC Documentation
Which of the following statements are correct regarding the KYC documents required for opening a current account for different types of business entities? 1. A certified copy of an Officially Valid Document (OVD) is required for individuals opening or operating a current account. 2. Sole Proprietary firms must submit only one document from the specified utility/registration list for complete KYC verification. 3. A PAN card is not legally required for a Limited Liability Partnership (LLP) when opening a current account. 4. A Hindu Undivided Family (HUF) must provide a Joint Hindu Family Letter signed by adult coparceners to open a current account. 5. Charitable Trusts must submit a certified copy of the Trust Deed and the Registration Certificate to open a current account. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 4, and 5 are correct✓
- 22 and 3 are correct
- 31, 3, and 4 are correct
- 41, 2, 3, and 5 are correct
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1, 4, and 5 are correct
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