Yes, opening a current account in the business's name is mandatory for Sole Proprietorship Registration. A current account helps separate personal and business finances, facilitating smooth financial transactions for the business. Most banks require the business's PAN card, proof of Sole Proprietorship (like GST registration or Shop and Establishment license), and address proof to open a current account. A current account also helps maintain professional business dealings with clients and suppliers.
https://www.registerkaro.in/sole-proprietorship-registration
For more information, visit us on: https://www.registerkaro.in/