Introduction
Managing donations and expenses in a transparent way is essential for religious institutions like temples, masjids, gurudwaras, and churches. A dedicated bank account helps track offerings, pay bills, and maintain financial records efficiently.
This article explains how to open a temple or masjid account in Axis Bank, ICICI Bank, and HDFC Bank, including the process, required documents, and important tips.
Who Can Open the Account?
The following entities are eligible to open such accounts:
- Registered trusts managing temples or masjids
- Religious committees registered under the Societies Registration Act or Waqf Board
- Charitable institutions associated with a place of worship
- Authorized representatives with valid approval from the managing body
Step-by-Step Process to Open a Temple or Masjid Account
1. Choose the Type of Account
- Savings Account – Best for small institutions with moderate transactions.
- Current Account – Ideal for large institutions with high transaction volumes.
2. Pass a Resolution
The managing committee or trust must pass a resolution approving:
- Opening of the account
- Name of the bank & branch
- Names of authorized signatories and their roles
3. Visit the Bank
Authorized signatories must visit the chosen branch with original and self-attested documents, along with the filled account opening form.
4. Submit the Required Documents
Provide KYC documents, proof of entity, and authorization letters as listed in the next section.
5. Verification by the Bank
The bank will verify:
- Registration of the trust or committee
- Validity of authorization and resolution
- Identity and address of the signatories
6. Deposit Minimum Balance
Deposit the minimum required amount depending on the account type and bank guidelines.
7. Account Activation
Once approved, the bank will activate the account and issue cheque books, passbooks, debit cards, and internet banking credentials.
Documents Required for Opening a Temple or Masjid Account
A. Proof of Entity (Any one)
- Registration Certificate of the trust or society
- Waqf Board registration (for masjids)
- Trust deed or committee constitution
- Gazette notification (if applicable)
B. Resolution Copy
- Resolution on the organization’s letterhead mentioning the decision to open the account and listing authorized signatories.
C. Identity Proof of Authorized Signatories (Any one per person)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- PAN Card (mandatory)
D. Address Proof of Authorized Signatories (Any one per person)
- Aadhaar Card
- Passport
- Voter ID
- Utility bill (not older than 2 months)
E. PAN of the Institution
- PAN card of the trust or committee
- If not available, Form 60/61 with a declaration
F. Other Supporting Documents
- Passport-size photos of signatories
- List of committee members/trustees
- Address proof of the place of worship (electricity bill, tax receipt, etc.)
Minimum Balance Requirements
Bank | Minimum Balance for Current Account | Minimum Balance for Religious Savings Account |
---|---|---|
Axis Bank | ₹10,000 – ₹25,000 | Varies as per product |
ICICI Bank | ₹10,000 – ₹25,000 | Varies as per product |
HDFC Bank | ₹10,000 – ₹25,000 | Lower balance for religious institutions |
Tips for Smooth Account Opening
- Carry original documents for verification
- Ensure all copies are self-attested
- Clearly define signatory authority in the resolution
- Use the organization’s official letterhead for resolutions
Conclusion
Opening a temple or masjid account in Axis Bank, ICICI Bank, or HDFC Bank is a straightforward process if the entity has proper registration and authorization. This not only ensures transparent handling of donations but also builds trust with devotees.