Your Business Account in India 🇮🇳

Q: What documents are required to open a business bank account in India?

To open a business bank account in India, you generally need the following documents: business registration documents (such as the Certificate of Incorporation), PAN card (Permanent Account Number), proof of address, identity proof of business owners and signatories, and potentially additional documents based on the bank's requirements.

Q: Can I open a business account online in India?

Yes, many banks in India offer an opportunity to open a business account online. You can complete the application process remotely through the bank's online portal or app, subject to the bank's specific procedures and requirements. The good news is that you don't need an Indian bank account to transact in INR. MultiPass multi-currency IBAN lets you hold, receive and send Indian rupee and comes with 100% online onboarding.

Q: How long does it take to open a business bank account in India?

The timeline to open a business account in India can vary depending on the bank and the completeness of the required documentation. can be time-consuming and bureaucratic, and can take up to two months, but it's best to check with the specific bank for a more accurate estimate.

Open a business account to operate in India without local presence. Get multi-currency IBAN to manage INR, EUR, USD, GBP, and other currencies with ease.

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A single solution to bank overseas

Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.

Within India 🇮🇳

Account details:

IBAN (EU & global)

Currencies:

INR

Supported payment networks:

SWIFT, Direct Entry*

Delivery time:

0-1 business day

*Available upon request on a case by case basis

The rest of the world 🌍

Account details:

IBAN (EU & global)

Account number & Sort code (UK)

Account & Routing numbers (US)

Currencies:

EUR, GBP, USD & 70+ currencies

Supported payment networks:

SWIFT, SEPA, SEPA Instant, Faster Payments, ACH, Fedwire, 10+ local networks

Delivery time:

0-2 business days

Our API services include

Virtual IBAN

Currency exchange

Mass Payments

API integration

Business cards

How to send money to
India 🇮🇳 with MultiPass

Convert your currency to INR

Save on FX vs traditional banks

Choose recipient in India

Make a payment to their IBAN

From 0 GBP per payment

Your beneficiary receives the exact amount, with no hidden FX charges along the way

Pricing

from 500 GBP

Account opening

from 100 GBP/month

Account maintenance

Free

IBAN + local UK, US details issuing

Please note that pricing may vary from case to case. For more information, visit the pricing page.

Get paid in the currency your clients are used to

Free, subject to FX

Share your account details with your overseas customers allowing them to pay you in EUR, USD & GBP locally and 70+ currencies globally.

Pay overseas staff cheaper & easier

Free, subject to FX

Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.

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