To open a bank account for a Proprietorship, Reserve Bank of India mandates that the
proprietor provide two forms of registration for the Proprietorship along with the PAN Card,
identity proof and address proof of the Proprietor. The two forms of registration can be any
two of the following: service tax registration, MSME registration, VAT/TIN/CST registration,
shop & establishment Act registration, Professional license, Chartered Accountant
certificate or others as provided in the RBI Know Your Customer norms.