Compare in detail the most popular current accounts in India. Read the full reviews, costs and benefits related to each account. Make a good choice in just a few minutes and open an account online!
Compare in detail the most popular current accounts in India . » read more
Compare in detail the most popular current accounts in India. Read the full reviews, costs and benefits related to each account. Make a good choice in just a few minutes and open an account online!
» read less
This bank account is especially attractive for start-ups. It is quite flexible and offers various free services.
A practical current account for larger companies with multi-location bank activities. You can benefit from free, high deposit limits.
Beneficial business account especially regarding its balance. You can maintain it even with 0 balance. Comes with other interesting bank services as well.
Suitable for small businesses or self-employed individuals offering flexibility and core services for professional transactions.
Current account from an experienced and multinational bank. Suitable for small and medium enterprises.
A current account is a bank account for individuals and businesses that perform a high number of bank transactions. The account is related to liquid deposit and money can be put in or taken out without notice. Compared to savings accounts, current accounts permit cheque book payments.
Normally, current accounts do not offer any, or little interest rate. One important advantage is the overdraft facility they offer, letting holders withdraw more money than is on their balance. This usually means that they have to repay this amount, normally within a month. Current accounts have other benefits as well, such as internet and mobile banking and the provision of bank statements.
A current account allows you to deposit and pick up money without limits, on a daily basis. This is very practical if you run a business, since it lets you carry out transactions on time.
Moreover, current accounts enable direct payments to potential creditors. This is either done online or via smartphones using electronic transfers, cash withdrawal or issuing cheques. Home branch withdrawals (the bank where the account was opened) are unlimited and free of charge. For other national banks limits and costs depend on the provider.
A major advantage of current accounts is their overdraft facility. This is like a short-term loan. Users can thus, use funds from the bank even if they’re not deposited in the account. Certainly, this amount needs to be repaid, and is limited depending on the bank.
What is more, current accounts generally offer multi-location banking. All banks shown on this website are large corporations and have multiple branches in the country. So, somebody can easily do business with Mumbai, Delhi, Bangalore and all major cities in India.
Making the right choice for your current account is important as it can save you many costs. Carefully compare all the options shown on this site. Consider the needs of your business and the costs applied by each bank.
For small businesses, a bank account with low MAB (Monthly Average Balance) is a good fit. For more competent corporations, accounts with higher limit on MAB are more suitable.
Nowadays, it’s very common to arrange all banking activities online. A current account can be opened via this website in a simple and easy way. After reading the review of the account you are wanting to choose, you can simply click on the button: ‘Apply for this account’.
You will then be safely redirected to the bank’s website where you will have to fill in some personal data and then apply for the account. In a few days you will have received your reply from the bank and know if you have been accepted. If positive, you will be given your new account details.
Usually businessmen like proprietors, partnership firms, private or public companies, and associations or trusts can open a current account. It is also open for individuals who perform a large number of bank transactions on a daily basis.
