| Mistake | Solution | |---------|----------| | Using an old form (pre-2023) | Download fresh from IDBI website. | | Incomplete address proof attached | Attach Aadhaar (updated), Voter ID, or utility bill (<3 months old). | | Sole proprietor signs without “Proprietor” suffix | Add “Prop.” before signature. | | Form printed on both sides | Print single-sided only. | | Mobile number not linked to account | Update mobile in branch first, then submit form. |
but must include business-specific proofs for certain changes. Address Proof : If changing a business address, provide a utility bill (not older than 3 months) or a registered Lease/Sale Agreement for the office. Financial Documents : Major updates may require a copy of the firm's Income Tax Return (ITR) KYC Declaration : Ensure the Customer Signature
regulations. For a sole proprietor, this is vital for ensuring that business communications, tax filings (like TDS), and government subsidies are correctly processed. Key Sections of the Form
: Consolidate multiple Customer IDs into a single primary ID for all future operations. Service Activations Digital Banking