- Copilot AnswerThis summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results hereThis summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results hereOrganizing and summarizing search results for youTo open a bank account for a trust, you need to:- Choose a financial institution or brokerage.
- Find or request an application for a trust account.
- Provide required documentation, which may include the trust agreement or a portion of it.
- Verify your identity as a grantor or trustee.
- Open the account and transfer trust assets.
The required documentation may include:
- Copy of the Trust deed
- Registration certificate of the Trust
- If the Trust is not registered, PAN Number/Acknowledgement copy of the Income Tax return
- Certified copy of the resolution regarding the opening and operation of the account
- Details of all the present trustees, settlers, beneficiaries, and signatories with their identity and address proof.
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