CA Certification

Turnover Certificate for Current Account

A chartered accountant's certificate of your business turnover for the period your bank names, taken from your GST returns, income-tax return or books, signed with a UDIN the bank can check. For proprietors, freelancers, firms, LLPs and companies whose current-account checklist asks for turnover proof from a CA.

UDIN on every certificate, checkable on the ICAI portal

Written by Subham JhunjhunwalaReviewed by CA Sundram GuptaReviewed on 31 October 2026Updated 31 October 2026

A trader in a waistcoat talking business with a younger relationship officer over tea

Your bank's checklist line, decodedThree ways banks word the same request

"CA certified turnover certificate"A certificate of turnover for the financial year or period the bank names, on the firm's letterhead, signed by a chartered accountant in practice, with a UDIN.
"Turnover proof" or "proof of business"The same certificate, usually with the return it rests on (GST return or income-tax return) attached behind it.
"Turnover declaration certified by a CA"Your own declaration of turnover with a chartered accountant's certificate on it, stating the records it was checked against.

Professional feeStarting from INR 1,499 (Exl GST and Govt. Charges) · one entity, one period

In short

When a bank asks for a CA turnover certificate

A bank opening a current account wants two things settled before the account goes live: that it is allowed to open the account for you at all, and that it knows what kind of business it is dealing with. The first is a Reserve Bank of India question. The second is the bank's own know-your-customer question, and it is where a turnover certificate from a chartered accountant usually appears on the checklist.

The certificate states your turnover for the period the bank names, says which records it was taken from, and carries a UDIN the bank's staff can check on the ICAI portal. It is supporting proof of the size of the business. Some banks ask for it from every applicant who is not registered under GST; others ask for it only when the account comes with limits, facilities or a new relationship. Each bank's policy decides what it accepts, and we write the certificate to what your bank's checklist actually says.

Where it sits in the account-opening file

Entity KYCPAN, address, constitution of the business
Proof of business and its sizeGST registration, returns, or this certificate
RBI current-account checkExisting cash credit or overdraft, borrowing size
Account openedLimits set to the business

Whether the bank may open the account: the RBI rules

Before opening a current account, the bank checks whether your business already holds a cash credit or overdraft facility with any bank, and how much it borrows from the banking system as a whole. Those answers, not the turnover certificate, decide whether the account can be opened and in what form. Under the RBI's revised rules, in force from 1 April 2026, a bank may open a current account without restriction where the banking system's total exposure to the customer is below ₹10 crore; at ₹10 crore or more, the conditions turn on the bank's own share of that exposure.

What proof of business it asks for: the bank's own policy

Each bank's board-approved policy lists what it accepts as proof that a business exists and how large it is. A GST registration certificate is the usual item. Where there is none, or where the bank wants a figure a professional has checked, the list says "turnover certificate from a chartered accountant". That line is what this page is about. The certificate supports the application; the bank's policy decides.

What you receive

What the certificate states, line by line

Every line on the certificate traces to a document the bank can ask to see. That trail is what makes a chartered accountant's certificate different from a self-declaration.

Who the certificate is aboutThe legal name, constitution and PAN of the business, exactly as on the account application.
Your PAN and entity documentsMismatched spellings between the certificate and the application are the commonest reason a bank sends one back.
Who it is addressed to, and whyThe bank and branch, and the purpose: opening or operating a current account.
The bank's request or checklistA certificate addressed "to whom it may concern" is written only when the bank's own checklist allows it.
The periodThe financial year, years or part-year the turnover is stated for.
The bank's requestUsually the last completed financial year; the current year to date, or the period since the business started, where the bank asks for it.
The turnover figureStated in rupees for each period, with what it includes and excludes.
GST returns, the income-tax return or the books of accountThe certificate names the source it was checked against. Where the sources disagree, the difference is reconciled before anything is signed.
Basis and limitationWhich records were examined, that the figures are management's, and what the certificate does not cover.
ICAI Guidance Note on Reports or Certificates for Special Purposes (Revised 2016)The wording follows the Guidance Note, which is why a bank's credit team recognises its shape.
Signature, membership number, firm registration number and UDINThe signing chartered accountant, the firm, the place and date, and the UDIN generated for this certificate.
ICAI UDIN portalThe bank enters the UDIN on the portal and sees the member, the date and the document type without contacting you.

What the certificate does not state

That the business is profitable, solvent or creditworthy: those are different certificates, written to different questions.
That the bank must open the account. The certificate supports the application; the bank's policy and the RBI rules decide.
Projected or estimated turnover presented as if it were achieved. A first-year business gets a certificate for the period it has actually traded.

What the bank's officer looks for first

That the name and PAN match the application form.
That the period matches what the checklist asked for.
That the UDIN resolves on the ICAI portal to the member who signed.

Who needs one

Who needs a turnover certificate for a current account

Four situations account for almost every request we see. Find yours, and you know which records the certificate will rest on.

A proprietor or freelancer not registered under GST

Why the bank asks: There is no GST registration to show, so the bank wants a professional's figure for how large the business is. Registration becomes compulsory once turnover crosses ₹40 lakh for a goods-only supplier in States that have adopted the higher limit, or ₹20 lakh for services; some special category States set lower limits. You can check whether your turnover crosses the limit.
What we certify from: Your income-tax return and its computation, bank statements, and the books or invoice register for the year.
Worth knowing: Not being registered under GST is a fact the certificate can state; it never says you are exempt. Whether registration is due is a separate question for your tax adviser.

A business in its first year

Why the bank asks: There is no completed financial year, no return and often no GST filing history, yet the account application needs a figure.
What we certify from: The books of account from the date of commencement to a stated date, with the invoices and bank credits behind them.
Worth knowing: The certificate covers the period actually traded and says so. A forecast for the rest of the year is not turnover and is not certified as such.

A firm, LLP or company opening an account at a new bank

Why the bank asks: A new relationship, a second account for a branch or project, or an account with limits above the bank's default, where the checklist wants a CA-stated turnover alongside the registration documents.
What we certify from: GST returns for the year, the audited or unaudited financial statements, and the income-tax return once filed.
Worth knowing: The certificate is for the entity named on the application, not for its partners or directors; their own figures belong on a different certificate.

A GST-registered business the bank still asks

Why the bank asks: Turnover spread across several GST registrations, a period that does not line up with the returns filed, or an account tied to a cash credit, overdraft or limit review where the bank wants one reconciled figure.
What we certify from: Every GST return for the period, reconciled to the books and, where filed, to the income-tax return, with the reconciliation noted on the certificate.
Worth knowing: If the account comes with a facility, the RBI check in the section above applies first; the certificate does not change that answer.

Process

How we issue the certificate

Five hand-offs between you and the chartered accountant. Nothing is signed until the figure reconciles to the records the bank can ask to see.

Send the bank's checklist line and the basics

The bank's request or checklist (a photo is enough), the entity's PAN, whether it is registered under GST, and the period the bank wants. The checklist wording decides how the certificate is addressed and what it must say.

We fix the period and the source

From the checklist we settle which period is certified and which record it will rest on: GST returns, the income-tax return or the books. You get a short list of exactly what to send, and nothing more.

Share the records and sign a representation

Returns, statements or books for the period, and a management representation that the figures are yours and complete. The Guidance Note asks for it, and the certificate refers to it.

We reconcile, draft, sign and generate the UDIN

The turnover is reconciled across the sources; any gap is explained or corrected before drafting. The certificate is drafted to your bank's wording, signed by a chartered accountant in practice and its UDIN generated on the ICAI portal.

Submit it with the account application

You receive the signed PDF, with the source return attached where the bank asked for it. Hand it in with the rest of the file; if the bank's officer checks the UDIN, it resolves to the signing member.

What stalls a certificate before it is signed

Returns that do not add upGST returns, the income-tax return and the books give three different turnovers. The reconciliation has to be done and noted before a figure can be certified.
A period the records do not coverThe bank asks for the current year to date, but the books are posted only to the last quarter. The books are brought up to the date first.
The wrong entityThe account is for the firm, the records sent are the proprietor's. The certificate has to be about the applicant named on the form.
A checklist that wants a different documentSome lines ask for a net worth or solvency figure, not turnover. We say so at step 2 rather than certify the wrong thing.

Documents

Documents required for a turnover certificate for a current account

Which column applies depends on the record the certificate rests on. Most applicants need one column plus the four items every file needs.

Every file needs these four

The bank's checklist or request letter · PAN of the applicant entity · its constitution document (certificate of incorporation, partnership deed, or the proprietor's registration such as Udyam or a shop licence) · a signed management representation on the figures.

ARegistered under GST

The certificate rests on the returns filed.

GSTR-3B and GSTR-1 for every month or quarter of the period, for every GSTIN of the entity
GSTR-9 annual return where filed for the year
Books of account or a sales register for the same period, to reconcile against the returns
Income-tax return and computation for the year, where already filed

BNot registered under GST

The certificate rests on the income-tax return and the books.

Income-tax return, computation and acknowledgement for the year
Bank statements for the period, for every account the business receives money in
Sales invoices or an invoice register, and the books of account
Profit and loss account and balance sheet, audited where the business is under tax audit under section 63 of the Income-tax Act 2025 (formerly section 44AB)

CFirst year of business

The certificate rests on the books from the date of commencement.

Date of commencement, with the document that shows it
Books of account from that date to the date the bank wants
Every sales invoice raised in the period, and the bank or payment-gateway statements that show the receipts
GST registration certificate and the returns filed so far, if the business registered at the start

Professional basis

The professional basis: ICAI guidance and UDIN

No banking rule prescribes the wording of a turnover certificate. What a bank relies on is the framework a chartered accountant issues it under, and the number that lets the bank check who signed it.

ICAI Guidance Note on Reports or Certificates for Special Purposes (Revised 2016)

The guidance a chartered accountant follows when certifying a figure for a named reader and purpose: what is examined, the written representation obtained from you, and how the basis and limitations are stated on the face of the certificate.

UDIN on every certificate since 1 February 2019

The Unique Document Identification Number is generated by the signing member on the ICAI portal for each certificate. It is mandatory for the chartered accountant who signs, and a bank may check it before relying on the certificate.

Signed by a chartered accountant in practice

The certificate carries the member's name and membership number and the firm's registration number. Only a member holding a certificate of practice may sign a certificate of this kind.

How the bank checks it, and how you can too

Open udin.icai.org, choose the verification option and enter the UDIN printed on the certificate. The portal shows the member who generated it, the date and the type of document. If the entry does not resolve, the bank treats the certificate as unverified.

Fee

Turnover certificate fee for a current account

One fee for one certificate: one entity, one period, one bank. The period and the source decide the work, and both are known at step 2.

Professional fee

Starting from INR 1,499 (Exl GST and Govt. Charges) One applicant entity, one financial year, addressed to one bank

Covers settling the period and source with you, reconciling the turnover across the records, the management representation, drafting to your bank's wording, and one signed certificate with its UDIN, delivered as a PDF.

Fees are indicative until confirmed in writing for your engagement. The final fee depends on the records to be examined.

More than one periodA bank that wants three financial years on one certificate is asking for three reconciliations. The fee follows the number of periods, quoted before work starts.
Records that need work firstBooks that are not posted to the date the bank wants, or returns that disagree with the books, are brought into line before certification and quoted separately.
A second bank, or a changed wordingA certificate addressed to another bank, or re-issued because the bank changed what it wants, is a fresh certificate with its own UDIN and is quoted as one.

Start your turnover certificate

Send us the line on your bank's checklist

Tell us which bank, whether the business is registered under GST, and the period the checklist asks for. A chartered accountant reads it and tells you which records the certificate will rest on before any work starts.

Get a quote for a turnover certificate

A CA calls you back.

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Send a photo of the bank's checklist on WhatsApp and a CA replies with what the certificate will need.

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What happens next

A chartered accountant calls to confirm the bank, the period and the source, and sends the short list of records. Once they arrive and reconcile, the certificate is signed and its UDIN generated, and the PDF is sent to you.