Current Account Certificate

A Current Account Certificate (CAD) is a CA-certified document required by banks for opening current accounts or sanctioning OD/CC limits. It contains business financial details, turnover, and banking requirements.

CAD is required for opening a new Current Account, increasing OD (Overdraft) limits, renewing CC (Cash Credit) limits, and KYC updates for business bank accounts.

Yes, we prepare the CAD in the specific format required by your bank. Different banks may have slightly different formats and we customize accordingly.

Yes, the Current Account Certificate is prepared and certified by a Chartered Accountant with sign and stamp, making it a valid document for bank submission.

Typically 24-48 hours after receiving all required documents and understanding the bank's format requirements.

Any business — sole proprietor, partnership, company, or LLP — that needs to open a current account or apply for OD/CC banking facilities requires a CAD. It is especially required for companies and LLPs.

A CAD is typically valid for 3-6 months from the date of issuance, depending on the bank's policy. For OD/CC limit applications, banks usually require a CAD prepared within the last 3 months. We ensure the certificate is dated as per your bank's requirements.

Yes, some banks accept CA-certified Current Account Certificates for credit card limit enhancement requests. The certificate helps establish your business turnover and financial strength, supporting higher credit limits.

Yes, most banks require a fresh Current Account Certificate at the time of renewal of OD/CC limits or current account facilities. The updated certificate reflects the latest financial position and turnover of the business.

A CAD is a concise certificate primarily used for current account opening and OD/CC limit facilities. A CMA Report is a more detailed financial analysis required for comprehensive working capital assessment. CAD is simpler, while CMA is more detailed.