Support Account Opening

What is the procedure to open a HUF account?

Checklist for HUF Account opening:

  • The name on the bank account should match that on the HUF.
  • Declaration of HUF in 20 Rupees Stamp paper.
  • Photograph of Karta.
  • Proof of identity (same as stated for Individuals)
  • Proof of address of the Karta (same as stated for Individuals)
  • Pan number in HUF's name
  • Proof of Bank Account: Any one of the following can be submitted:
               Copy of Bank Statement                Copy of the first page of the Bank Pass Book.
               A canceled cheque (only if the account holder's name is printed on it)
               List of coparceners in the HUF, along with an authorization given to the Karta by the said                   coparceners to open and operate the DP and Trading accounts. DP should be HUF DP A/C:
  • All members - pan card & Aadhar card.
  • Declaration of HUF in 20 Rupees Stamp paper.
  • Non - Individual KYC.