Board resolution for bank account opening.
Standard board resolution to open a current account with a scheduled commercial bank, with authorised signatory and mandate clauses. The most-requested SMB template.
Every bank in India asks for a board resolution before opening a current account in a company's name. They do not all ask for the same thing, but the resolution they accept always covers the same five points: which bank, which type of account, who can sign cheques and operate the account, what the mandate is (single, joint, or two-of-N), and a list of authorised signatories with their specimen signatures attached.
This template is the resolution that covers those five points, drafted to be acceptable to all major Indian banks — public sector, private sector, and small finance banks. It is intentionally simple. There is no rights-and-privileges section, no liquidation waterfall, no FEMA paragraph. It is the working tool an SMB founder reaches for the day they incorporate.
The template assumes the resolution is being passed at a properly convened board meeting (or via circulation under Section 175 where the board prefers — both versions are included as alternatives). It covers the authority to open the account, the authority to issue and accept cheques and instruments, the authority to operate digital banking and corporate cards, and the authority to close the account in the future. It also includes a specimen signatures annexure that banks generally accept as part of their KYC packet.
This is free, not gated. We do not need your email to give it to you. It is reviewed by an ICSI-qualified CS and used in production by hundreds of Indian SMBs.
The whole document.
Every clause and schedule shipped in the DOCX. No surprises after you download.
- Recital — board meeting or circulation resolution under Section 175
- Name of the bank and the branch where the account is being opened
- Type of account — Current / Cash Credit / Overdraft / Escrow
- Authority to open the account in the name of the company
- Mandate clause — Single / Joint / Any two of the named signatories
- Named authorised signatories with designation and DIN where applicable
- Authority to issue, accept, endorse, and discount cheques and other instruments
- Authority to operate net banking, corporate cards, and digital payment rails
- Authority to open and close fixed deposits and sweep accounts
- Authority to close the account in future with the same mandate
- Specimen signatures annexure with verification block
- Certification by Chairman or Company Secretary
Timing and trigger.
Immediately after incorporation, when adding a new authorised signatory, when changing the mandate, or when opening a second account at a different bank.
The sections it cites.
Companies Act 2013, Section 179(3) (powers exercisable by board), Section 175 (circulation resolutions where the meeting route is impractical). Reserve Bank of India KYC Master Direction 2016 (banks' onboarding requirements). The resolution does not require any MCA filing in itself, but a change of authorised signatories on existing material contracts may have downstream reporting implications.
Download the template.
Print-ready PDF, downloaded straight to your machine. No email required for this one — it's the most-requested SMB template and we don't want a form between you and the document.
No email required
Honest disclaimer: this is a scaffold, not legal advice. It is reviewed by Indian practitioners but every filing should be reviewed by your own counsel before execution.
Documents that travel together.
Board resolution for power of attorney
Section 179 board resolution authorising the execution of a power of attorney in favour of a named individual, with scope, duration, and revocation clauses.
Board resolution for appointment of director
SS-1 compliant board resolution to appoint an additional or executive director, with DIR-2 consent reference and a DIR-12 filing trigger.
Questions buyers ask.
Can I use this for a Section 8 company?+
The mechanics are the same — Section 173 notice, Section 179 powers, SS-1 standards apply to Section 8 companies too. The differences are in the activity-specific resolutions (a Section 8 company will have additional governance language around its charitable object and FCRA-linked clauses if applicable). For the standard appointment / banking / RPT resolutions, the template works as drafted with minor preamble edits.
Does this work for a One Person Company (OPC)?+
An OPC needs a minute of the sole director's decisions, not a board resolution per se — Section 122 of the Companies Act 2013 deems decisions by the sole director (recorded in the minute book) as if passed at a board meeting. The substance of the resolution is the same; the recital paragraph at the top changes. We do not ship a separate OPC template — the edit is straightforward.
What if the resolution was passed by circulation, not at a meeting?+
Section 175 allows for resolutions by circulation for matters that don't statutorily require a meeting. The template includes an alternative recital paragraph for circulation resolutions — substitute it for the meeting recital, attach the date of circulation, and record the assent of the majority of directors entitled to vote.
Has this template been reviewed by a practitioner?+
Yes. Templates are drafted by our editorial team with input from Indian practitioners across corporate secretarial, valuation, and AIF practice. That said, every filing should be reviewed by your own counsel before execution. This is a scaffold, not legal advice.
Can I customise it?+
Yes — open the PDF in any editor that supports text extraction (Word, Google Docs, Pages all paste cleanly from the PDF), or use it as a structural reference for your own draft. Sections are organised modularly so you can keep what applies, swap defaults where flagged, and slot in your facts. Annotations note which clauses are negotiable and which are statutory minimums you can't drop. An editable .docx version is on the roadmap.
Or skip the template
and run the workflow.
See how Company OS generates these from a board meeting. The template gets you to the first draft; Kapitalyze gets you to the filing, the register update, and the audit trail in one workflow.