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What are the requirements for opening a trust account?

April 26, 2017account opening requirements Trust

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What are the requirements for opening a trust account?

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• Attested copy of the trust resolution. • Attested copy of the registration certificate (Public Trust Account) if the trust is registered under the Society Registration Act of 1850, Indian Public Trust Act of 1950 or Indian Trust act. • Photographs of the trustees signed across. • Income Tax Exemption Certificate (optional). However, in case of a company retirement trust (i.e. Provident Fund Trust, Pension Fund, Gratuity fund, Super-annuation fund) the demat account will be opened in the name of the trust. • PAN copy of the Trust. • PAN coy of the Trustees, incase of an unregistered trust.