India · Business Banking
Opening business and personal bank accounts, remote options, required documents, and fees.
AI-drafted, editorially reviewed. Confirm specifics with the official authority.
Banks are regulated by the Reserve Bank of India, which sets the know-your-customer requirements every bank applies. The distinction that decides which account you can open is residential status rather than nationality: residents hold ordinary savings or current accounts, while non-residents use the dedicated non-resident account types, which differ in whether the funds are repatriable and which currency they are held in. A company account additionally needs the incorporation documents, the company tax number and a board resolution.
- Residential status, not nationality, decides which account types are open to you.
- Non-resident account types differ in repatriability and in the currency held.
- RBI know-your-customer rules set the documents every bank must collect.
- Reserve Bank of India (RBI)
Banking regulation and KYC rules.
Government portals
- National Portal of India — Directory of central and state government services and departments.
- Income Tax Department — PAN application, e-filing of returns, and residency rules for foreigners.
- GST Portal — GST registration, return filing and the taxpayer search.
- Indian Visa Online — The official e-Visa application, regular visa forms and application status.