What are the documents required from a Political Party for opening a Current Account under this scheme?






Pankaj Pankaj
Answered on February 19,2020

1. Resolution of the Managing Body of such Political Party 2. Power of Attorney (PoA) granted to any individual(s) to transact on its behalf 3. PAN of the Political Party 4. (a) Aadhaar Number and (b) Permanent Account Number on Form 60 issued to person holding POA on its behalf or where an Aadhaar Number has not been assigned, proof of Application towards enrollment for Aadhaar and in case PAN is not submitted an Officially Valid Document shall be submitted. 5. Declaration of Beneficial Ownership on Specified Format. 6. Self attested KYC documents and photograph of each Beneficial Owner. 7. Self-declaration by a Political Party that they are eligible to receive the proceeds of Electoral Bonds as per Para 3(3) of the Gazette Notification No 20 dated 2nd January 2018. 8. Any such information, as may be required by the Bank, to collectively establish the legal existence of such an Association or Body of Individuals


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