Is bank account mandatory for MSME registration?
Yes, having a bank account is mandatory for MSME Registration online in Delhi. When registering for MSME, you will be asked to provide your bank account details, including the account number and IFSC code. This is because one of the benefits of MSME registration is access to various government schemes and subsidies, which are often disbursed through bank accounts.
Moreover, having a bank account also helps in keeping track of financial transactions, making it easier to manage and track income, expenses, and tax payments. It also helps in establishing credibility and legitimacy for the business. Therefore, it is important to have a bank account before registering for MSME.
Powerd by ngo partner
