How long does bank account opening take, and what are common rejection reasons?
The bank account opening process takes between 2 to 4 weeks after incorporation documents are ready. Generally, the following reasons are cited for rejection:
• Documents not in English or not apostilled
• Mismatch in director name spelling between their passport and MCA records
• No local authorized signatories (Some banks require a physical presence in India)
• Registered office address not properly documented
• Lack of a bank reference letter from the parent foreign company
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