Table of Contents
- 1 Which bank has minimum charges for current account?
- 2 Which current account is best for proprietorship?
- 3 Which bank is best for current account for startups?
- 4 Which bank provides zero balance current?
- 5 Which current account is best in SBI?
- 6 Which banks offer online banking for LLP accounts?
- 7 Which is the best bank for opening a current account in India?
Which bank has minimum charges for current account?
Monthly Average Balance (MAB) Requirement on Basic Current Account of Different Banks
| Bank | Monthly Average Balance (MAB) | Free deposit limits |
|---|---|---|
| HDFC Bank | Rs.75,000 | 10 times the MAB |
| ICICI Bank | Rs.25,000 | 12 times the MAB |
| Axis Bank | Rs.10,000 | Up to Rs.2 lakhs |
| IndusInd Bank | Rs.10,000 | Up to Rs.2 lakhs |
Which current account is best for proprietorship?
This type of account is best suited for businessmen, proprietorship and partnership firms, companies and public enterprises.
- Service Charges.
- Personalized Services.
- ICICI Bank Current Account.
- HDFC Bank Current Account.
- Axis Bank Zero Balance Current Account.
- Kotak Mahindra Bank Current Account.
- YES Bank Current Account.
Which bank is best for current account for startups?
Best Current Accounts for Indian Start Ups
- IndusInd Freedom : IndusInd Freedom ranks as the #1 best current account for startups with the only zero balance account in the market.
- Axis Bank StartUp :
- HDFC Bank SmartUp :
- ICICI iStartUp :
- Yes Bank Head-STARTUP:
- RBL Bank India StartUp Club :
Which bank is best for LLP?
Best Banks for Current Account
| Banks | Maximum Cash Deposit Allowed |
|---|---|
| State Bank of India (SBI) | No limit |
| HDFC Bank | Up to ₹2 lakhs per month (for regular current account) |
| ICICI Bank | Up to ₹1.8 crores per month |
| Axis Bank | Up to ₹2 lakhs per month (for regular current account) |
Which bank has lowest minimum balance for current account?
Current Account Monthly Average Balance and Withdrawal Limit 2021
| Bank | Minimum Average Balance |
|---|---|
| ICICI Bank Smart Business Account | Rs. 25,000 |
| HDFC Bank Regular Current Account | Rs.10,000 per quarter |
| Bank of Baroda Baroda Small Business Current Account | Quarterly Average Balance Rs. 2,500 |
| SBI Regular Current Account | Rs. 5,000 |
Which bank provides zero balance current?
However, ICICI and Axis Bank are the best banks as they offer an option of Zero Balance Current Account….Best Bank for Current Account.
| Bank | Zero Balance Current Accounts | |
|---|---|---|
| ICICI Bank | New Start Up Current Account | Explore |
| ICICI Bank | ShubhAarambh Current Account | Explore |
| Axis Bank | Local Current Account | Explore |
Which current account is best in SBI?
SBI – Regular Current Account The Regular Current Account is best suitable for professionals, small businesses, merchants who need a current account with all banking services at negligible expense. For non-maintenance of average balance, Rs 500 + GST will be deducted per month.
Which banks offer online banking for LLP accounts?
Thanks Cason Yong for the info! *Update 2nd July 2016: Many of you have been asking about banks which offer online banking for LLP accounts. These banks do: CIMB, RHB, Public Bank, and the foreign banks (e.g. HongLeong, UOB, OCBC…).
What are the benefits of opening a current account for business?
Opening a current account for business also has other advantages. It helps entrepreneurs and businesses manage everyday business banking swiftly. And also helps the business owners keep their personal and business expenses separate, making reconciliation easier. How to open current account online?
What certificates are required to open an LLP bank account?
Certified extract of resolution for LLP (certified by compliance officer and one partner. This is the document that says all the partners agree to open a bank account) Practicing certificate (for a professional practice e.g. lawyers, accountants and secretaries)
Which is the best bank for opening a current account in India?
In the first section, I have shared a list of the best bank for opening a current account in India. In the second section, you would find the best current accounts in India that offer special services to startups and small businesses. #1. ICICI Bank Current Account (For Best Technology)