Board resolution for bank account opening
A board resolution for opening a bank account authorises the company to open and operate an account with a named bank and branch, and names the persons who will operate it. Every bank requires the certified true copy as part of the account-opening KYC for a company.
Last updated: 27 August 2026
Doing this for a client?
OnCompliance drafts this resolution on the company’s letterhead, details filled from the client’s record, records it in the minutes, and files it in the client’s folder — with the notice, minutes and 21 other board documents made the same way.
Fill it in, edit it, download it
The details you type fill the document as you go. Click into the paper to edit any wording, then download it in Word or as a PDF.
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] (CIN: [CIN]) HELD ON [MEETING DATE] AT [VENUE]
RESOLVED THAT a [ACCOUNT TYPE] be opened in the name of the company with [BANK], [BRANCH], and that the bank be and is hereby authorised to honour all cheques, drafts, bills, instructions and other orders drawn on the said account when signed by [AUTHORISED PERSON (NAME)], [AUTHORISED PERSON (DESIGNATION)] of the company.
FURTHER RESOLVED THAT the bank be furnished with a certified true copy of this resolution along with the specimen signatures of the authorised signatory, and that the said authority shall continue until written notice of its withdrawal is given to the bank.
Certified true copy
For [COMPANY NAME]
[NAME]
[DESIGNATION] · DIN: [DIN]
Date: ______________ · Place: ______________
When is this resolution passed?
Pass it at a board meeting before applying to the bank; the bank keeps the certified true copy with the account-opening forms.
Common questions
Is a board resolution mandatory to open a company bank account?
Yes. A company acts through its board, so banks require a certified true copy of the board resolution naming the account type, branch and authorised signatories before opening the account.
Can one resolution cover multiple signatories or joint operation?
Yes. The operating clause can name several persons and state the mode of operation, such as singly, jointly by any two, or by different limits per signatory.
Do banks have their own resolution formats?
Many banks publish a preferred format (HDFC Bank and others include one in the account-opening kit). The substance is the same; if the bank insists on its format, transpose these particulars into it.
Can OnCompliance draft this for me?
Yes. OnCompliance drafts the resolution on the company’s letterhead with the details filled from the client’s record, records it in the minutes, and files it in the client’s folder, alongside the notice of the meeting and every other board document.