This bank account is mostly for business purposes and is ideal for start-up companies. Acquiring a business account allows unlimited transactions, which is necessary for every business.
Smart Business Account offers flexibility and several useful services. The opening and the maintenance of the account is free. To connect a debit card, Rs. 250 are needed.
As for the minimum balance per month, this is kept low at Rs. 25,000. No stress of trying to keep much money.
On the other hand, ICICI offers a decent limit of free deposits per month, which is equivalent to 12 times your current balance or up to Rs. 1.2 Cr. whichever is lower. This means the more money there is in the account the more somebody can deposit for free.
Together with the account, users get free internet, phone and mobile banking, so they can use the account everywhere. What is also convenient about this account, is that withdrawals within the country as well as check collections and payments are free of charge.
Benefits:
