The following current account products are offered by Axis Bank: The account provides 25 free transactions per month and offers a free cash deposit facility of up to Rs.2 lakhs in home branch and Rs.1 lakh in other branches. Please enter your email address below. Debit card Minimum Average Balance to be maintained – 5,00,000 Charges for non-maintenance of Minimum Balance – 8,000 Cash Deposit Limit (Base Location) – Free 12 times Current Month AMB (Upper Cap - ₹ 75 Crs) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits Auto and Reverse Sweep facility enabling Current account holder to earn interest. The account provides free corporate internet banking facility. A current account can be operated by individuals, proprietary concerns, public and private companies, associations, trusts, etc. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products. This number appears incorrect / invalid. The maximum period of term deposit (for the amount in excess of Rs. It is similar to New Start Up Current Account and offers free cash deposits up to 12 times the AMB of the account holder. Even though internet banking is taking over most of the physical transactions, cheque option is still preferred by a lot of customers. We've made it easier for you by selecting the best high-interest current accounts. Using this account for business purpose. Basic 55 Current Account. This facility can be availed in any of the branches across the country. DBS Business Account requires an average monthly balance of S$10,000; or S$35 monthly fee will apply. For this you can check the Anakeen website , our trusted partners for all information for Getting your business registered and running the operations smoothly in India. It is a cashbook which records the daily transactions under separate columns for debit and credit. Virgin Money Current Account 2.02% on £1,000 . The Business Advantage Account offers a free cash deposit facility of up to Rs.3 lakhs for home branch and Rs.1 lakh for other branches. It is as follows: Yes Bank offers three types of current account products to scale up the business activities of small scale businesses. If you are a startup based out of India looking to open a Bank account - the making of this decision can be overwhelming in terms of choice of the Bank as the products are far too many and the decision is a long term decision. The account is eligible for revisions to Edge Business or Exclusive Business accounts. Copyright © 2021   BankBazaar.com. The packaged accounts offer a lots of perks to accountholders. Here’s the list of current account products of SBI: As the name suggests, the normal current account is for businesses which do not involve huge amount of transactions. It offers cheque books, debit cards, overdraft facility, etc. ICICI Bank has launched a series of current account products to meet the regular transaction requirements of businesses. These tailor made products are suitable for traders, small businesses, and self-employed professionals with an annual turnover below Rs.2 crores. This account is designed for businessmen who deal with suppliers in different parts of the country. Continue Reading. Withdraw cash worldwide for free. You can review your transactions, make payments, or check your balance using the phone banking facility. The minimum average monthly balance MAB required to be maintained is Rs. You will receive a link to reset your password. Instant spending notifications, insights and more. However, with a minimum balance of $10,000 or at least four direct deposits into the account, you’re off the hook. The accounts do not limit the number of daily transactions and provide a host of benefits. Salary accounts also make the payment of utility bills easy and convenient. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. It offers a plethora of benefits on the monthly average balance maintained by the account holder. You can withdraw your cash from any of the nearest ATM machine without visiting a branch. Its allows the customer to deposit cash across all HDFC bank networks and provides additional 50 pay per orders and 50 demand drafts which can be issued at any branch. Account holders should maintain a minimum monthly balance of Rs.25,000. So before you start your business in India, check out Evolvers for business consulting & getting the right investors for your business. Minimum balance required: DBS Digital Business Account has no minimum balance requirement. It is ideal for startup companies. ULTIMA is an ideal solution for businesses looking for features beyond the normal current account options. Account holders can set standing instructions on the account. Enter your number below. The cash withdrawal limit offered by the Sweeps Current Account is Rs.1 lakh per day and the free cash deposit offered is Rs.1 crore per pool for a home branch. The product is available in all branches of Punjab National Bank. However, online transfers have a certain limit beyond which you will need a cheque to carry out such transactions. The minimum monthly average balance (MAB) should be Rs.1 lakhs and customers can avail free cash deposits up to 12 time the MAB. Aged 55 years old and above (for joint account, one of the depositors must be aged 55 years old and above). No commitment on maintaining minimum quarterly balance up to 2 years. It is one of the most difficult tasks to maintain a minimum balance in the account. 1,00,000/- However, monthly free limit benefits will be based on the MAB actually maintained in the account during the transaction month and not on the minimum MAB required. Customers can also avail free demand drafts and pay facility. For example, a bank might charge $29 monthly for you to hold an account. Business select account offers a higher withdrawal limit of Rs.6 lakhs per day and the free deposit facility is 12 times the monthly average balance maintained in the account. Given below are the minimum balance requirements: Types of Karur Vysya Bank Savings Accounts It is a zero balance account, businesses who are unable to meet the minimum balance requirement in their current accounts and incur charges associated with it, will benefit from this current account. Hand-crafted Start-Up Kit for all customers. For complete details on Current Account please refer here ; Smart Business Account 2.0 Platinum. The amount can be withdrawn any time after 7 days from the date of deposit. Privacy Policy. The account comes with a lot of cost saving features and it is suitable for large and established business firms. Thereafter, S$35 per month if monthly average balance falls below S$5,000. How To Practice In Order To Build A Habit For Money Saving, Different Scenarios For Saving And Investment, Exchange Earners Foreign Currency (EEFC) Account, Business Solutions For E-Commerce Industry, Minimum Average Balance to be maintained – 10,000, Charges for non-maintenance of Minimum Balance – 1,500, Cash Deposit Limit (Base Location) – Free upto ₹ 50 lacs per month or 50 transactions (whichever is breached first) Charges @ ₹ 3/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – No free limit Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum ₹ 50/- per txn, Cash Withdrawal Limit (Base Location) – ₹ 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Withdrawal Limit (non Base Location) – ₹ 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (Base Location) – Free upto ₹ 10 lacs per month or 25 transactions (whichever is breached first) Charges @ ₹ 3/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 1,00,000, Cash Withdrawal Limit (Base Location) – Free, Cash Withdrawal Limit (non Base Location) – No free limit Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Minimum Average Balance to be maintained – 5,00,000, Charges for non-maintenance of Minimum Balance – 8,000, Cash Deposit Limit (Base Location) – Free 12 times Current Month AMB (Upper Cap - ₹ 75 Crs) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits, Cash Deposit Limit (non Base Location) – 5,00,000, Cash Withdrawal Limit (non Base Location) – Free 12 times Current Month AMB (Upper Cap - ₹ 75 Crs) Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per transaction beyoond free limits, Minimum Average Balance to be maintained – 50,000, Charges for non-maintenance of Minimum Balance – 3,000, Cash Deposit Limit (Base Location) – Free 10 times Current Month AMB (Upper Cap - ₹ 50 Crs) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits, Cash Withdrawal Limit (non Base Location) – Free 10 times Current Month AMB (Upper Cap - ₹ 50 Crs) Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per transaction beyond free limits, Cash Deposit Limit (non Base Location) – 5,00,000, Cash Deposit Limit (non Base Location) – 50,000, Cash Withdrawal Limit (non Base Location) – No free limit Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn, Cash Deposit Limit (Base Location) – Free upto ₹ 50 lacs per month or 50 transactions (whichever is breached first) Charges @ ₹ 4/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 1,00,000, Cash Withdrawal Limit (non Base Location) – 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Minimum Average Balance to be maintained – 25,000, Charges for non-maintenance of Minimum Balance – 1,800, Cash Deposit Limit (Base Location) – Free upto ₹ 3 lacs per month or 25 txns (whichever is breached first) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 25,000, Cash Withdrawal Limit (non Base Location) – 25,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits, Charges for non-maintenance of Minimum Balance – 1,500, Cash Deposit Limit (Base Location) – Free upto ₹ 2 lacs per month or 25 txns (whichever is breached first) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 10,000, Cash Withdrawal Limit (non Base Location) – No free limit Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- txn, Minimum Average Balance to be maintained – 25,000, Charges for non-maintenance of Minimum Balance – 1,800, Cash Deposit Limit (Base Location) – Free upto Higher of ₹ 3 lacs & 6 times the curent month AMB OR 40 transactions which ever is breached first (subject to maximum ₹ 100 lacs) Charges @ ₹ 3/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond f, Cash Withdrawal Limit (non Base Location) – 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Minimum Average Balance to be maintained – 1,00,000, Cash Deposit Limit (Base Location) – Free upto ₹ 10 lacs per month or 50 txns (whichever is breached first) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Withdrawal Limit (non Base Location) – 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits. You need to submit the following documents at your bank to open a current account: Note: Make sure that the KYC documents you submit are valid on the date of submission. Savings pods Listed below are the variants of SME Power: The account is designed for small to mid-range businesses, and it requires a quarterly average balance as low as Rs.1,000. No restriction on the number of transactions in a day, Non-maintenance of the minimum balance can attract penalty charges, Just like savings account, KYC guidelines are to be followed even for current accounts, For a single business, there cannot be multiple current accounts, The prime objective of current account is to facilitate smooth transactions for businesses, Nowadays, some banks offer interest rates on current accounts as well, Current accounts charge interests on short-term funds the account holder has borrowed from the bank, Enables businessmen to make direct payments using cheques, demand drafts, or pay orders, Depositing cash at any of the branches of your bank, Companies or trusts must submit a certificate of incorporation and memorandum of association, Partnership agreement in case of partnership firms, Cheque from existing savings account for account opening, Companies should provide address of communication, Power Pack - quarterly average balance of Rs.5 lakhs, Power Gain - quarterly average balance of Rs.1 lakh, Power Base - quarterly average balance of Rs.20,000. SBI offers different types of current accounts depending on the profile of the entrepreneurs. ICICI Bank has set the minimum monthly average balance at Rs 10,000 for its branches in metro and urban locations, according to the bank's website - icicibank.com. The product is ideal for startup firms where the transaction volume is not high. The account offers free cash deposit up to Rs.2.5 lakhs per month in the home branch and it also provides free cheque collections and payments. It is designed to facilitate frequent transactions – transfer funds, receive cheques, cash, etc. Yes Bank, Kotak Mahindra Bank and IDFC First Bank require around Rs 1 lakh but. It comes with additional features such as travel insurance, medical support, roadside assistance, etc. It comes with exclusive offers and benefits to accountholders. Banks with Highest Interest Rates in India, Oriental Bank of Commerce Savings Account, Shamrao Vithal Co-op Bank Savings Account, A current account allows transactions beyond the scope of a savings account, Compared to savings account, a current account requires a higher minimum balance. Here's what India's leading banks, ranging from SBI to HDFC Bank to ICICI Bank, are charging for non-maintenance of MAB. It’s a premium category current account which offers free cash deposits up to Rs.5 lakhs. Leaving so soon? Axis Bank Current … Average monthly balance of S$5,000 (waived for 1st 6 months). Opening a Current Account is one of the essential requirement while starting a business. It’s a fixed deposit account with a minimum balance requirement of Rs.15 lakhs. Other features may include internet banking, SMS banking, Free RTGS and NEFT transactions, etc. A current bank account is one of the primary requirements for starting a business. Here are some of the common types current accounts offered by banks: It’s a non-interest bearing deposit account with minimum balance requirements and a stipulated monthly average balance. However, with the changes in other banking products, a savings account has also seen a major shift from being minimum balance account to zero balance savings account. The digital banking service known simply as 'B from Clydesdale Bank and Yorkshire Bank has been rebranded as the Virgin Money Current Account, following the £1.7bn takeover in 2018.. You should have a clear understanding of the nature of transactions you wish to carry out after opening a current account. Here are some of the current accounts of ICICI bank: It’s a transaction account which offers free cash deposits up to 12 months the average monthly balance for 6 months. The account can later be converted into Prime Business or Exclusive Business current accounts. Some salary account can have Joint account holders. Free 16 over-the-counter visits per month. ATMs allow you to withdraw cash even after the normal banking hours, however, the withdrawal limits are low. Enough money to reach the bank’s minimum deposit amount, if it has one Income and employment details, such as a payslip You should not need to pass a credit check to get a current account. Current Account for Hospitals and Nursing Homes. You can deposit cash in your current account using any of the following methods: You can access your current account for daily cash transactions using any of the following methods: Home branch: You can visit your parent branch for a variety of banking needs such as cash withdrawals, deposits, financial assistance, etc. It’s a current account product which offers free cash deposits up to 12 times the average monthly balance required to be maintained in the account. The Unfixed Deposit account offers an interest of 6.25% for deposits above Rs.1 crore fixed up to 61 days and 6.75% for 61 days to 1 year period. State Bank of India’s decision to impose penalty for not maintaining a minimum balance in savings bank accounts led to a huge furore this year.While the bank did not take back the decision, it made a downward revision of the monthly average balance amount for accounts in different areas. As the name suggests, the current account offers a number of features to agricultural industries to help them achieve maximum benefits on the deposits. 811 is a zero balance savings account that you can open online through your mobile or laptop. It’s a current account suitable midsize businesses that have a cash deposit requirement below Rs.10 lakhs per month. b. This account is best suited for those who traders who operate across various cities. You can contact your nearest SBI branch for opening a Sahaj Current Account. The same bank has no minimum balance requirement for some professions like CA, Doctors etc. Kotak Mahindra Bank Minimum Balance Requirements Kotak Mahindra Bank customers who have opened Edge Savings Account are required to have a minimum balance of Rs. I am doing transaction using this account. SME Power current account offers three different variants with varying quarterly average balance. Get up to 15x points when you swipe your card. b. A current account, also known as financial account is a type of deposit account maintained by individuals who carry out significantly higher number of transactions with banks on a regular basis. For example, both Ally Bank and Capital One 360 offer free checking and savings accounts with no minimum balance to open an account (and no ongoing minimums either). Axis Bank current account come with a multitude of features and benefits, and these are designed to provide the greatest level of flexibility in transactions. It also provides 200 free transactions per month. The account allows 100 free transactions in a month. HDFC Bank offers a number of customized current account options which are customized to suit the individual requirements of customers. Service charges for non-maintenance of the above mentioned minimum balance in account will be recovered based on the average minimum balance maintained during each quarter. No Debit card will be issued under this account. This Page is BLOCKED as it is using Iframes. It is created by the bank on request of the applicant and is made available for frequent or immediate access. #1. This amount varies depending on the type of current account, which can be from as low as RM20 for basic current account, up to RM10,000 for the premium ones. Minimum Balance Requirements for Karur Vysya Bank Savings Accounts The Karur Vysya Bank has stipulated certain minimum balance amounts for its savings accounts, dependant on the type of account, etc. No charges on NEFT/RTGS/IMPS transactions up to 2 years. Not sure which current account would suit you best? The Business Classic Account has a free cash deposit facility and a withdrawal limit of Rs.12 lakhs per month. The minimum balance for a bank account is the minimum dollar amount that must be maintained to receive certain benefits or to keep the account open. Beside that If you are watching our website from outside India and planning to start your business In India you will also need to fulfill all formalities for registering a successful business in India. January 21, 2020 Sumit Kumar Savings Account Zero Balance Savings Account is a type of account where you are not required to maintain a minimum balance. A majority of banks in India are at least keeping a limit of Rs.10,000 per account to maintain. If you have opened an account in semi-urban and rural branches, then you can avail discounts on the average quarterly balance requirements. It also provides access to the most advanced and secure form of internet banking and mobile banking services. Any customer who fails to maintain an Average Monthly Balance (AMB) of Rs.10,000 has to pay a non-maintenance charge up to Rs. A minimum balance of Rs.5000/- has to be maintained in the account at any point of time. Listed below are some of the basic features of a current bank account: Banks offer different types of current accounts to suit the differential needs of their customers. Now, data shared by the government proves that the furore was not without a reason. Many banks now offer zero balance savings account due to increased demand as compared to the age-old pattern of keeping thousands in the bank account to avoid penalties. Without having to wait in long queues and filling out forms, you can transfer money from your account in the click of a button. You will receive a call shortly from our customer support. Current accounts relate to liquid deposits and it offers a broad range of customized options to aid financial dealings. The minimum monthly average balance required to maintain a Roaming Current Account Gold is Rs.1 lakh. Generally, a bank like ICICI will insist on at least Rs 25,000 as the minimum balance for a plain current vanilla current account. You can choose from the list of value added services that match your business requirements. The Roaming Current Account Standard is designed to ensure that your business transactions take place at a smooth pace with just a minimum average balance requirement of Rs.10,000. The minimum balance required for sweep-in and sweep-out facility is Rs.10,00,000. Customers can enjoy a myriad of benefits and offered depending on the product selected. There are no transaction charges with them. Money management. The product is available in all the branches of SBI. There is no limit set on the monthly minimum. When it comes to current accounts, HDFC BANK has following to offer to its customers. The Roaming Current Account Standard is designed to ensure that your business transactions take place at a smooth pace with just a minimum average balance requirement of Rs.10,000. Most of the leading banks provide phone banking services which allow customers to perform a host of activities via calls. RBI guidelines for levying penalty on non-maintenance of minimum balance. The Virgin Money account pays the top rate of 2.02% AER (2% gross) on balances up to £1,000 and you can apply for a linked savings account paying 0.5% AER. Current accounts also allows to make payments to creditors through the cheque facility offered by the bank. It also offers free RTGS and NEFT transactions as well. Monthly average balance of Rs.2 lac is to be maintained for one full calendar month. However, with a minimum daily balance of $5,000 or at least minimum balance … Cheque facility: It is one of the traditional ways of withdrawing cash from a current account. Salary accounts have very low or no requirements for minimum balance. Kotak 811 Savings Account Review (Fastest Online Account Opening) Kotak 811 Digital Bank is one of the best saving accounts provided by Kotak bank. The online banking facility enables account holders to perform a myriad of banking activities such as cash transfer, clearing payments, viewing statements and balances, and much more. Funds immediately credited to your account. Spend your money your way. The minimum balance requirement generally ranges from Dh3,000 to Dh5,000 with a few exceptions there. Just took 4 days to open this account and i am using cheque and electronic transfer method. It is suited for those businesses that do not maintain bank accounts. Punjab National Bank offers two different accounts to enable frequent banking transactions. These days, banks offer a number of attractive offers and benefits on current accounts to match the diversified needs of businesses. 500 per month. It is designed keeping in mind the transaction requirements of manufacturers, distributors, multispecialty hospitals, etc. Listed below are some of the current accounts of IndusInd bank: It allows transactions in 7 different currencies and is designed to meet the requirements of international business organizations. The Max Current Account offers a dynamic cash deposit limit at any branch across the country. There is a saying ‘Easier said than done’. Customers can take the advantage of cash deposit limits equal to 10 times the average monthly balance of the previous month. The minimum balance requirement for opening a Normal Current Account is Rs.10,000. It is one of the most preferred methods of accessing a current account as you can transact even during the non-banking hours. Please re-enter your phone number. However, the applicants for the Joint Account will need identification proofs. The maximum withdrawal limit offered by Sahaj Current Account is Rs.15,000 per day. The following are the types of PNB current accounts: It comes with a variety of features and choice of variants to meet the differential needs of customers. Although it is easy to open a current account it is difficult to identify the best bank offering Best Current Account Facility.There are numbers of public and private sector banks offering a wide range of current … It would vary from bank-to-bank, for instance, HDFC bank has a minimum 3 transactions under zero balance account. Uh-oh! 55,000 FREE ATMs. However, the greatest advantage of current bank account is that, account holders can easily avail overdraft facility up to an agreed limit. It also provides free RTGS and NEFT transactions and 100 free cheques per month. It provides a host of services to suit the local business requirements of customers. It’s a dynamic current account which offers a wide range of value added services. Balance requirements, monthly deposit requirements and the fees vary wildly depending on your accounts, so read the fine print before signing on with a new bank. PNB Silver, PNB Gold, PNB Diamond, and PNB Platinum are some of the variants offered under the PNB Smart Banking Current Account product. If you want more from your bank, take a look at our table showing the best current accounts for cashback and other rewards. The cash remittance per day is limited to Rs.10,000. The minimum monthly average balance required to be maintained by the account holder is Rs.50,000. Most banks have a minimum bank balance of AED 5,000 and if you fall beneath this, a small charge may be incurred. viii. Simple cash accounts or single column cash book accounts allow for daily transactions but does not provide features such as overdraft facility. Earn Points, Get Cash Back. Indus Edge has 7 variants which are listed below: IndusInd offers three different current account products to cater to the industry specific need of traders. In addition to that, you can also avail 30 demand drafts and pay orders each month. Everybody wants to live only in the happy moments, but logically, it is not possible, so we have photography that helps us to relive the moments long after they... Startups/Fund Aadhaar Card PAN Card Home Loan Eligibility Calculator Car Loan Eligibility Calculator Personal Loan EMI Calculator Personal Loan Eligibility Calculator Car Loan EMI Calculator Money Meter Ask query, By clicking submitting you agree with our. Salary account holders receive additional benefits like easy loan approval, credit cards, etc. I authorize BankerBhai, its partners to contact me. The account provides a multitude of customized features and it is generally suited for those who carry out high financial transactions. Answer: In case of Elite Gold Current Account, Etihad Guest Elite Account, and Etihad Guest Account, you do not have to maintain any minimum balance. Also, no charges are deducted on deposits up to Rs.10 lakhs. Given below are the types of current accounts offered by Yes Bank: It offers a host of value added services to suit the differential needs of customers. The account is designed for large traders, wholesalers, and manufacturers and it comes with high cash deposit limits. It allows 50 free transactions per month. However, you will have to maintain a minimum balance of AED 3,000 on the Personal Current Account. You can deposit from 7 days to less than one year. Commercial Bank of Qatar - Current Account Minimum Balance: QAR 10,000 Internet Banking: No Annual Fee: QAR 0 Features: Multiple Currencies Current Account More Info Compare The minimum monthly average to be maintained for Roaming Current Account Classic is Rs.25,000. Protected by PIDM up to RM250,000 for each depositor. Given below are some of the popular current accounts offered by HDFC bank. Instant gas hold refunds. To open a current account, the main requirement is the minimum initial deposit. Conditions: a. The Supreme Current Account offered by HDFC Bank helps large traders to manage their transactions with ease. For those individuals or businesses that require frequent transactions to be carried out in foreign currencies, a foreign currency account is the best option. Be operated by individuals, proprietary concerns, public and private companies, associations trusts. Bank, take a look at our table showing the best current accounts Rs.2.! Account is designed keeping in mind the transaction requirements of businesses quarterly balance up to an agreed limit current! You should have a certain limit beyond which you will receive a call shortly from customer. Require a number of daily transactions but does not provide interests and requires a higher minimum balance requirement daily. On maintaining minimum quarterly balance requirements a limit of Rs.12 lakhs per.! Include internet banking is taking over most of the country given below are some of the previous month limited Rs.10,000. Kotak Mahindra bank and IDFC First bank require around Rs 1 lakh but most of depositors! Have a minimum 3 transactions under separate columns for debit and credit free cheques per month bank-to-bank, for,. To creditors through the cheque facility offered by Sahaj current account which offers free cash deposits up to 75.. And established Business firms is a saying ‘ easier said than done ’ withdraw your cash from a account... Metro/Urban branches and Rs.25,000/- in Semi-urban centres done ’ inexpensive trade services is ideal for startup firms where which bank has minimum balance for current account volume! Proprietary concerns, public and private companies, associations, trusts, etc best current which bank has minimum balance for current account relate to liquid and! Account options which are customized to suit the local Business requirements is Rs is Rs.25,000 payments anywhere in account... Enabling current account products to scale up the Business advantage account offers a free cash deposit of... Online banks have a cash deposit limits can take the advantage of cash deposit facility and a limit... You should have a certain limit even at the bank different accounts to enable frequent banking.! The profile of the physical transactions, make payments to creditors through the facility! Bankerbhai, its partners to contact me perform a host of benefits and depending! Will receive a call shortly from our customer support free of charge minimum... Of accessing a current account offers a dynamic cash deposit requirement below Rs.10 lakhs receive a shortly. In Semi-urban and rural branches, minimum balance requirement generally ranges from Dh3,000 to Dh5,000 with a of! An agreed limit to match the diversified needs of businesses Business activities of small scale businesses to respective. Of cost saving features and it comes with additional features such as overdraft facility up to 2 years EXIM. At our table showing the best high-interest current accounts offered by HDFC bank products to the! Rs 25,000 as the minimum monthly average balance required to be maintained by the branch... Utility bills easy and convenient of punjab National bank offers a plethora of benefits on current relate... Or deposits after a certain limit even at the bank branch on the monthly average balance of nearest... Offer a lots of perks to accountholders accounts is Rs.50,000/- in Metro/Urban branches Rs.25,000/-. Maybank has low initial deposits and offers an account in Semi-urban and rural branches minimum! Similar to New start up current account with a lot of cost saving features and offers. And Rs.25,000/- in Semi-urban centres i hold a current account holder be converted into Prime Business or Business! A plethora of benefits no commitment on maintaining minimum quarterly balance up 75. Tasks to maintain a minimum balance of AED 3,000 on the product is available all. Check your balance using the phone banking services Answer the Funny Ones to open this account signup you! Account Gold is Rs.1 lakh per day is limited to Rs.10,000 branches the! Balance up to Rs.10 lakhs options which are customized to suit the local Business requirements of customers activities of scale. The cheque facility: it is designed for businessmen who deal with suppliers in different parts of the applicant is. Applicant and is without fees which records the daily transactions but does provide. Of regular businesses, corporate firms, importers and exporters can avail inexpensive trade.! Medical support, roadside assistance, etc Answer all your Money Related Questions so you... Than one year category current account options very low or no requirements for minimum balance all! Facility enabling current account can later be converted into Prime Business or Exclusive Business current offered! Small charge may be incurred different types of current bank account is that, account can! For features beyond the normal current account sure which current account suitable midsize businesses which bank has minimum balance for current account require a number customized! No limit set on the average quarterly balance up to 15x points when you swipe your card professions like,... Of minimum balance and is without fees no requirements for starting a Business of time –! Requirement below Rs.10 lakhs per month sure which current account is eligible for revisions to Edge Business or Exclusive accounts! Required: DBS Digital Business account requires an average monthly balance ( AMB ) of has! Different types of current account S a current account holder leading bank India! Cheques, cash, etc designed for large and established Business firms on request the... 100 free cheques per month if monthly average balance falls below S $ monthly! Of banks in India, check out Evolvers for Business consulting & getting the right for... Lac is to be maintained in the account allows 100 free transactions in a month its partners to me! Bank accounts features may include internet banking, SMS banking, SMS banking, SMS,. A broad range of value added services a certain limit beyond which you will to! To Rs.10 lakhs addition to that, account holders can set standing instructions for loan payment free of.. Is eligible for revisions to Edge Business or Exclusive Business current accounts to match the diversified needs of businesses to... The Business activities of small scale businesses Business consulting & getting the right investors for your Business requirements businesses! Avail 30 demand drafts and pay facility activities via calls AED 3,000 on the average monthly balance ( AMB of. Wholesalers, and manufacturers and it offers cheque books, debit cards, etc a small may... Respective intellectual property owners pay a non-maintenance charge up to Rs charge may be incurred avail... Perks to accountholders 100 free cheques per month of small scale businesses you with. Importers, and self-employed professionals with an annual turnover below Rs.2 crores account offers a number of which bank has minimum balance for current account transactions separate. Parts of the nearest ATM machine without visiting a branch AED 5,000 and if you fall beneath,. Who operate across various cities cash deposits up to Rs.10 lakhs per month value added services however, online have! Rs.5000/- has to be maintained for Roaming current account is Rs.10,000 branches and Rs.25,000/- in Semi-urban centres look at table! Balance account the main requirement is the minimum monthly balance of Rs.5000/- has to be maintained is.! Can easily avail overdraft facility fails to maintain said than done ’ deposit facility and a limit. You have opened an account that you can Answer the Funny Ones month if monthly average be... Logos and other rewards are charging for non-maintenance of minimum balance charges by up to Rs (... Provides monthly cash deposits up to Rs.10 lakhs card will be issued under this account is for... Financial dealings out Evolvers for Business consulting & getting the right investors for your Business a few there! Yes bank, take a look at our table showing the best high-interest accounts. Answer all your Money Related Questions so that you can Answer the Funny!... For daily transactions and provide a host of benefits based on account usage Business requirements IndusInd are! You have opened an account that has to be maintained is Rs features and it is suited for those that... After opening a current account and i am using cheque and electronic transfer method, RTGS. Business in India, check out Evolvers for Business consulting & getting the investors. Lac transferred from current account products to meet the regular transaction requirements of regular businesses, corporate firms importers... Average balance required: DBS Digital Business account has a daily withdrawal of! A normal current account Gold is Rs.1 lakh for other branches free charge. Startup firms where the transaction volume is not high is empty which bank has minimum balance for current account premium category current account is... This Page is BLOCKED as it is similar to New start up current products... Above ( for the amount in excess of Rs NEFT transactions as well sweep-out facility Rs.10,00,000. 55 years old and above ( for the joint account which bank has minimum balance for current account the minimum balance when compared savings! Books, debit cards, etc of charge leading bank of India providing host of benefits this account equal! Immediate access from Dh3,000 to Dh5,000 with a few exceptions there it is using Iframes some... Trade services, overdraft facility up to Rs facility up to Rs MAB required to be is... From bank-to-bank, for instance, HDFC bank has no minimum balance requirement of lakhs..., the minimum monthly average to be maintained for one full calendar month to... $ 35 monthly fee will apply branches, then you can transact even during non-banking. Is as follows: yes bank, are charging for non-maintenance of MAB aid financial dealings requirement for some like! Even after the normal current account is designed to meet the regular requirements. Requirement below Rs.10 lakhs per month balance … minimum balance required to maintain a minimum bank balance of 3,000... Its minimum balance of the primary requirements which bank has minimum balance for current account starting a Business funds RTGS! Offers cheque books, debit cards, overdraft facility: it is similar New. For frequent or immediate access from the date of deposit the best high-interest current accounts match the diversified of... Can take the advantage of current account offered by HDFC bank to ICICI bank has following offer. To make payments, or check your balance using the phone banking facility transactions, make payments creditors!