Account Activation Checklist
Find the checklist to create a Cashfree Payments account. The checklist includes information and documents for each business type below. Have this information handy to create an account with us quickly.
Individuals (Unregistered business)
If you run a business without any formal registration with the government, you have an unregistered business.
- Business PAN (Your personal PAN that is linked to your business account)
- Bank account details or a cancelled cheque (The details should be in the business owner's name)
- Aadhaar number of the business owner (Will be validated via OTP verification)
- Line of business(LOB) specific documents
The PAN and Aadhaar information should belong to the same person (business owner).
Proprietorship
If you are the sole owner and operator of your business with no legal distinction between you and the business, you have a sole proprietorship.
- Business PAN (Your personal PAN that is linked to your business account)
- Bank account details or a cancelled cheque (The details should be in the business owner's name)
- Aadhaar number of the business owner (Will be validated via OTP verification)
- If you do not have GSTIN, then provide any of the following proof of business identity and existence:
- Municipal Certificate
- Shop Establishment Certificate
- Udyog Aadhaar
- Other Government-Issued Registration Proof
- Line of business(LOB) specific documents
The PAN and Aadhaar information should belong to the same person (business owner).
Public/Private Limited
| Public Limited | Private Limited |
|---|---|
| A public limited company, also known as PLC, is a business structure that incorporates a large or publicly traded company. It is a legal entity separated from its owners and owned by several shareholders who hold shares of stock in the company. | A private limited company, also known as a limited liability company or LLC, is a business structure that incorporates a small or medium-sized business. It is a legal entity separated from its owners and owned by a few private shareholders. |
- Business PAN(COMPANY)
- CIN
- Bank account details or a cancelled cheque (The bank account details should be in the business name as per COMPANY PAN)
- PAN of the Authorised Signatory
- Aadhaar of the Authorised Signatory
(if Authorised Signatory is not the Director)
- PAN of the Director
- Identity proof of the Director
- Board Resolution signed by the Director
- Line of business(LOB) specific documents
The PAN and Aadhaar information should belong to the same person (Authorised Signatory or the Director)
Limited Liability Partnership(LLP)
LLP is a type of business structure that combines elements of partnerships and corporations. They enable the protection of a corporation and allow the flexibility of a partnership.
- Business PAN (COMPANY)
- LLPIN
- Bank account details or a cancelled cheque (The bank details should be in the name of the business as per PAN)
- PAN of the Authorised Signatory (Partner of the firm)
- Aadhaar of the Authorised Signatory (Partner of the firm)
(if Authorised Signatory is not the Partner of the firm)
- PAN of the Partner
- Identity proof of the Partner
- Board Resolution signed by the Partner
- Line of business(LOB) specific documents
The PAN and Aadhaar information should belong to the same person (Authorised Signatory or the Partner)
Partnership
Partnership is a business type when two or more people own the business and share profits and losses.
- Business PAN (FIRM)
- Bank account details or a cancelled cheque (The bank details should be in the name of the business as per PAN)
- PAN of the Authorised Signatory (Partner of the firm)
- Aadhaar of the Authorised Signatory (Partner of the firm)
(if Authorised Signatory is not the Partner of the firm)
- PAN of the Partner
- Identity proof of the Partner
- Board Resolution signed by the Partner
- Business registration proof
- Partnership Deed
- Registration Certificate from Registrar of Firms
- Line of business(LOB) specific documents
Hindu Undivided Family (HUF)
- The PAN information of the HUF
- The PAN information of the business owner
- Bank account details or a cancelled cheque
- Aadhaar number of the business owner (Will be validated via OTP verification)
- HUF Registration Proof - HUF Deed
- Line of business(LOB) specific documents
Society/Trust/NGO/Local Authority/Artificial Juridicial Person/Government
| Society | Trust | NGO |
|---|---|---|
| A society is a group of people who come together for a common purpose, such as a social, cultural, or charitable cause. They are often registered with the government and may have legal status as nonprofit organisations. | A trust is a legal arrangement in which one or more trustees manage assets on behalf of one or more beneficiaries. Trusts manage property assets, protect finances, serve as a charitable organisation, and perform estate planning. | NGO stands for Non-Governmental Organisation. They are a nonprofit organisation independent of government and focused on social or environmental causes. Often registered as charities or other nonprofit organisations, they may receive funds from governments, foundations, and individual donors. |
| Local Authority | Artificial Juridicial Person | Government |
|---|---|---|
| A local authority is a government body at the municipal or regional level responsible for delivering local services and facilities, including education, housing, and public safety. | An artificial juridical person is a legal entity, like a corporation or organization, recognized by law as having rights and responsibilities similar to those of a natural person, but it is not a human being. | A government is the system or group of people that governs an organized community, such as a state, and is responsible for creating and enforcing laws, policies, and public administration. |
- The Business PAN information of TRUST/Society/Local Authority/Artificial Juridical Person/Government.
- The PAN information of the Authorised Signatory (Trustee of the firm)
- Bank account details or a cancelled cheque
- Aadhaar number of the Authorised Signatory (Trustee of the firm)
If Authorised Signatory is not the Trustee of the firm
- The PAN information of the Trustee
- Identity proof of the Trustee
- Board Resolution signed by the Trustee
- Business registration proof
- Trust Deed/Society/NGO Registration Certificate
- Certificate of registration number issued by charity commissioner or registrar of cooperative society or any other competent authority
- Letter of Intent/Authorisation (LOI)/(LOA)
- Society Certificate
- NGO Registration Certificate
- Line of business(LOB) specific documents
Updated 2 months ago