Which bank is best for current account in India for small business?

1. HDFC Bank – Smart up Solution for Start-Ups. HDFC Bank began its operation to fund the Housing sector and eventually began banking operations. Today, it is the first choice for entrepreneurs as well as corporate firms for current accounts.

Which bank is best for current account for startups India?

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 is the best bank to open current account for StartUp?

1.ICICI Bank Current Account ICICI has user-friendly tech features that are quick to use, whether you need an internet banking portal, online account opening, or mobile banking purchase. The USP of ICICI Bank is a technologically superior banking tool.

Which bank is good for business current account?

ICICI bank is the best bank for current account opening owing to its advanced technology to enjoy business transactions at your fingertips. It has multiple types of current accounts categorized as premium, special, trade, merchant services. The QAB of premier account ranges from Rs. 25000 to Rs.

Is GST compulsory for current account?

To carry out any financial transaction for your business, you require to set up a Current Account. However, GST is not mandatory to open a Current Account. There is no GST on Current Bank Account.

How does a small business open a current account?

Required Documents needed to open a Current Account

1. PAN Card – Permanent Account Number (PAN Card)
2. Photo ID Proof – Valid Indian Passport, Aadhar Card or Voter ID card.
3. Partnership Deed (if applicable)
4. Passport Size Photo – Latest passport size photo of the business owner (s)

Which is the best bank in India to set up a startup?

SBI Incube, a specialised branch has also been introduced to understand and cater to the banking and financial needs for setting a startup in India. Similarly, you can checkout Kotak Neo Current account, IndusInd Bank Made 2 Order Current Account and so on.

Which is the best current account for small business in India?

Baroda small business current is best for stores and businesses run by individuals, proprietors and partnership firms. The drawback is that the current account is available only in metro & urban cities and the yearly turnover is capped at Rs. 20 Lacs. #14. Kotak Neo Current Account

Is Yes Bank current account good for small business?

Value-added services for a business like taxation, workplace, marketing, travel and digital media solutions. There are various variants of Yes Bank Current Account like Edge Business, Prime Business, Exclusive Business and Yes Head – Startup Account. Yes Head-Startup account is suitable for startup and small business.

Which is the best bank for SME in India?

HDFC bank is one of the largest banks in India and also preferred bank by SMEs in the country. The bank has also launched a specially designed current account for startups called SmartUp.