Board Resolution for Opening a Bank Account

Starting a private limited company in India? After MCA registration, open a current bank account fast. Banks need:

  • Certificate of Incorporation
  • MOA & AOA
  • Company PAN
  • Directors’ Aadhaar/PAN
  • Board Resolution (most important)

This short resolution authorizes the account opening and signatories. It’s required by all major banks (SBI, HDFC, ICICI, Axis, etc.).

Why It’s Needed

  • Proves directors approved the account legally
  • Names who can operate it (sign cheques, net banking)
  • Avoids misuse and meets Companies Act, 2013 rules
  • Speeds up bank approval for startups

For New Businesses Tip
Name 1–2 main directors. Use jointly mode at start for safety; switch to individually later.

Contact Us
Need help? Call +91 7019827351

Simple Board Resolution Template

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF
Your Company Name PRIVATE LIMITED HELD AT Full Registered Office Address ON DD/MM/YYYY AT Time

“RESOLVED THAT” A current account in the name of “Your Company Name PRIVATE LIMITED” be opened with
Bank Name, Branch, Full Address, and the following are authorized to open and operate it:

INDIVIDUALLY (any one can act):

  1. Director 1 Full Name (Director)
  2. Director 2 Full Name (if any) (Director)

OR JOINTLY (both sign – safer for startups):
Director 1 Full Name AND Director 2 Full Name

FURTHER RESOLVED THAT the Bank may:

  • Honor cheques/instructions signed as above
  • Accept deposits, allow withdrawals, net banking
  • Receive MOA/AOA and director updates

FURTHER RESOLVED THAT this resolution stays valid until cancelled by new resolution and notice to bank.

For Your Company Name PRIVATE LIMITED

Signature
Director Full Name
Director
DIN: Director DIN

Quick Replace Checklist (blue parts above)

  • Your Company Name PRIVATE LIMITED → Exact ROC name
  • Full Registered Office Address → From incorporation docs
  • DD/MM/YYYY & Time → Actual meeting details
  • Bank Name, Branch, Full Address → Ask your branch
  • Director Full Name(s) → Authorized persons only
  • Director DIN → Of signing director
  • Pick INDIVIDUALLY or JOINTLY → Delete unused part

Easy Steps for New Businesses

  1. Hold quick board meeting (or circulation if urgent).
  2. Fill & sign this resolution.
  3. Submit with KYC docs to bank.
  4. Get account active in days.

This crisp format works in 2026 – short, compliant, and bank-accepted.

Ready to set up your company or account? Call +91 7019827351 now!