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HUF Account Opening Form SBI |
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Re: HUF Account Opening Form SBI
State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra About Hindu Undivided Family (HUF):- HUF is a family with husband, wife and children (and children’s spouses if any) living together. The property owned by this family will be through lineal ascendants or any ancestors HUF Account Opening Form SBI Features of HUF account:- There are a few features of HUF account that makes it different from regular saving bank accounts. Every member of the family can deposit their income in the common corpus Single person’s authority while participation from entire family Tax benefits on deposits under various sections Corpus can be divided only on agreement of every coparcener of the family Documents required for opening HUF account:- HUF will have a unique PAN card; this PAN card along with the PAN of Karta should be produced. A declaration form will be provided where every member has to make a signature stating the name of Karta and declare They are the only members of HUF. Karta to have sole authority over HUF account Every transaction on behalf of HUF account, made by each member of the family is governed by karta. Residential proof of Karta Identification proof of Karta Contact: State Bank of India State Bank Bhavan, Madam Cama Road Mumbai-400021. SBI Office Phone Number: +91-22-22029456 SBI Office Fax Number: +91-22-22742431 |
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