21 Best Bank for Current Account in India 2022

A current account helps you conduct prompt business transactions by handling large volumes of receipts and payments. 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.

The parameters on which the banks have been picked are –

  • Minimum balance requirements
  • Operational Charges
  • Ease of Internet Banking
  • Ease of Account Opening
  • Additional Product Benefits like Loan Approval
  • Service & Support

Best Bank for Current Account in India 2022

#1. ICICI Bank Current Account (For Best Technology)

ICICI Bank Current Account

You would find the best interactive technology for banking products from ICICI.

Whether you need an internet banking platform, online account opening or mobile banking transaction, ICICI has easy-to-operate user-friendly tech features. Technologically superior banking platforms is the USP of ICICI Bank.

For businesses, ICICI Bank has an iBizz mobile application for a banking facility, CMS payments and trade online approvals for LC, BG, remittances and bill payments.

ICICI Bank also allows cardless cash withdrawal at ATMs which is helpful in payment to the beneficiary who does not have a bank account.

There are three variants of current account at ICICI –

  • Premium current accounts for domestic businesses with special privileges like free cash deposit of Rs. 2.5 Lacs p.m. and above (up to 75 cr) and higher free limits on daily transactions.
  • Special current accounts for startups, CAs, customers registered on eNAM, GeM and escrow purposes.
  • One Globe Trade current accounts for import and export businesses, which is a combination of roaming current account and global trade services.

ICICI Bank Current Account Minimum Average Balance

  • Premium current accounts – Quarterly Avg. Balance of Rs. 25,000 to Rs. 10 Lacs
  • Special current accounts – Quarterly Avg. Bal of Rs. 0 to Rs. 5 Lacs
  • One Globe Trade accounts – Monthly Avg. Balance of Rs.50,000 to Rs. 5 Lacs or Monthly throughput from USD 5,000 to USD 80,000

ICICI Bank Current Account Charges

  • Premium Current Accounts – Starting from Rs. 1,000 to Rs. 8,000
  • Special Current Accounts – Starting from Rs. 0 (for NIL QAB accounts) to Rs. 8,000
  • One Globe Trade accounts – Starting from Rs. 1,500 to Rs. 5,000

ICICI Bank Current Account Options

  1. Smart Business Account 2.0 Ivy
  2. Smart Business Account 2.0 Platinum
  3. Smart Business Account 2.0 Gold
  4. Smart Business Account 2.0 Silver
  5. Classic 2.0 Current account
  6. RCA Standard current account
  7. Made2Order Current Account
  8. Special Current Accounts
  9. One Globe Trade Account (Basic, Gold & Platinum variants)

What We Like

  • Best technology banking products
  • Online banking and apps are smooth and flawless

What We Didn’t Like

  • No major benefit for staying a loyal customer
  • Additional banking products are average (like no major benefit on business credit cards)

#2. HDFC Bank Current Account (For Best Products)

HDFC Bank Current Account

HDFC Bank has one of the best products like the premium Diners Club Black Credit Card, Loans through ATMs, HDFC on Chat and HDFC Smart Buy.

You will be surprised that HDFC has 14 types of a current account, tailor-made for all types of businesses ranging from large corporates to traders, professionals and farmers. Even for startups and e-commerce companies.

The bank has provided a calculator type of tool for choosing the right current account based on turnover and your business requirements.

HDFC Bank Current Account Average Quarterly Balance

  • Ranging from Rs. 10,000 to Rs. 5 Lacs for different accounts
  • NIL in case of Institutional Current Account

HDFC Bank Current Account Charges

  • From Rs. 1500 to Rs. 8,000 depending on the account

HDFC Bank Current Account Options

  1. Max Advantage Current Account
  2. Ascent Current Account
  3. Activ Current Account
  4. Plus Current Account
  5. Premium Current Account
  6. Regular Current Account
  7. Smartups for Startups Current Account
  8. Saksham Current Account
  9. E-commerce Current Account
  10. Current Account for Professionals
  11. Agri Current Account
  12. Institutional Current Account
  13. RFC Domestic Current Account
  14. EEFC Current Account

What We Like

  • Wide range of current accounts
  • Best products for valuable and loyal customers

What We Didn’t Like

  • Average technology
  • Employees with lesser product knowledge

#3. IndusInd Bank Current Account (Lower AMB yet Great Features)

IndusInd Bank Current Account

Most of the current account at IndusInd Bank requires lower minimum balance requirements, except prestige current account.

You can have 365 days of banking, choose account number, group your business accounts, doorstep banking and smart cash management services.

IndusInd Bank has current accounts for regular business, large corporate, importers and exporters. They also offer current accounts to specific industries like IT, textile, hotels, SMEs, travel agencies and logistic firms.

Further, the bank offers flexibility to customize the current account and set transaction limits as per business needs.

IndusInd Bank Current Account Average Monthly Balance

  • Range from NIL to Rs. 5 Lacs based on the account

IndusInd Bank Current Account Charges

  • From Rs. 0 to Rs. 4,000 depending on the account

IndusInd Bank Current Account Options

  1. Indus Prestige Current Account
  2. Indus Gold Plus Current Account
  3. Indus Gold Current Account
  4. Indus Silver Plus Current Account
  5. Indus Silver Current Account
  6. Indus Blue Current Account
  7. Indus Freedom Current Account
  8. Indus Green Current Account
  9. Indus Escrow Current Account
  10. Indus Max Current Account
  11. Indus Premier Current Account
  12. Indus Dollar One Trade Current Account

Niche Current Accounts

  1. Indus Grain Merchant Flexi Current Account
  2. Indus Textile Current Account
  3. Indus Infotech Current Account
  4. Indus Merchant Plus Current Account

What We Like

  • Lower minimum monthly average balance
  • Grouping of multiple current accounts
  • 365 days of banking
  • Flexibility to design account and choose a number

What We Didn’t Like

  • Average technology
  • Nil premium products

#4. Axis Bank Current Account

Axis Bank Current Account

Axis is the only bank that offers up to 1000 reward points on banking transactions like account opening and funding, activation of internet banking and registration for e-statement & e-forex.

The current accounts are categorized on value-based and segment based current accounts.

Axis Bank has recently launched “Full Power Digital Current Account” that can be opened online in 4 simple steps through video KYC. The account needs initial funding of Rs. 10,000 and gives businesses access to 250+ banking services.

Axis Bank Current Account Minimum Monthly Average Balance

  • Value based current accounts – Rs. 10,000 to Rs. 10 Lac
  • Value based Club 50 current account requires AQB of Rs. 50 Lacs
  • Full Power Digital Current Account – Rs. 10,000

Axis Bank Current Account Charges

  • Starting from Rs. 750 to Maximum of Rs. 25,000.
  • Few current account carry Rs. 100 of monthly service charge

Axis Bank Current Account Options

Digital Current Account

  1. Full Power Digital Current Account

Value-Based Current Account

  1. Prime Normal Current Account
  2. Prime Advantage Current Account
  3. Prime Select Current Account
  4. Prime Business Classic Current Account
  5. Priority Business Privilege Current Account
  6. Priority Channel OneCurrent Account
  7. Wealth Club 50 Current Account

Segment-Based Current Account

  1. Current Account Global
  2. Current Account EFC
  3. Current Account Arthiyas
  4. Current Account for new economy group
  5. Current Account for market intermediaries
  6. Current Account Priority

What We Like

  • Reward points for opening current accounts
  • Comparatively lower account maintenance charges

What We Didn’t Like

  • Average technology
  • No additional services

#5. Citi Bank Current Account (For Global Business)

Citi Bank Current Account

Citi Bank’s current account is for companies doing global business. The current account helps you leverage Citi’s global network in 100+ countries and deal in all major currencies.

The major benefits are savings on correspondent bank charges, dispensed with the need to confirm LCs, competitive LIBOR denominated rates and instant inward or outward remittances.

Additionally, you have access to treasury products for hedging forex transactions, a dedicated relationship manager assisting in Foreign Exchange, Trade Finance and Cash Management Services.

Citi Bank Current Account Average Monthly Relationship Value

Citi Business Current Account has 3 categories based on relationship value

  • Business account with relationship value of Rs. 15 Lacs or more
  • Business account with relationship value up to Rs. 15 Lacs
  • Business account with less than minimum relationship value
    • At Tier 1 location with minimum relationship value of Rs. 5 Lacs
    • At Tier 2 locations with a value of Rs. 3 Lacs

Citi Bank Current Account Charges

  • Citibank penalizes only less than minimum relationship values current account. The charges are Rs. 1,500 at tier 1 and Rs. 1,000 for tier 2 locations.

Best Citi Bank Current Account

  1. Citibusiness current account

What We Like

  • Global Offices in 100+ countries
  • Personalized assistance in forex, trade finance transactions
  • Instant inward & outward remittances

What We Didn’t Like

  • A single variant of current account
  • Ease of operations is average

#6. State Bank of India Current Account (Widespread Reach)

State Bank of India Current Account

The major benefit of having a current account with SBI is the widespread reach and access to pan India network of 22,000+ branches for a host of services.

Most of the SBI branches and ATMs have a Cash Deposit Machine/ Recycler facility which lets you deposit, transfer and withdraw money instantly.

State Bank of India Current Account Monthly Average Balance

  • Vary from Rs. 5,000 to Rs. 10 Lacs depending on the account

State Bank of India Current Account Charges

  • From 500 to Rs. 8,000 for different accounts.

State Bank of India Bank Current Account Options

  1. SBI Regular Current Account
  2. SBI Gold Current Account
  3. SBI Diamond Current Account
  4. SBI Platinum Current Account
  5. SBI Power POS Current Account
  6. SBI Surbhi Current Account
  7. SBI Power Jyoti Current Account
  8. SBI Power Jyoti PUL Current Account

What We Like

  • Widespread reach
  • Best for fund collection and cash management

What We Didn’t Like

  • Average services
  • Not many variants and premium benefits

#7. Bank of Baroda Current Account (Best PSU Bank)

Bank of Baroda Current Account

Bank of Baroda offers quality customer support and service. The bank has one of the lowest current account charges with a maximum charge of Rs. 1,000 for the premium current account.

The other unique services include auto and reverse sweep facility in current accounts which helps account holders to earn interest.

Bank of Baroda offers rebates and discounts on locker rents, demat services and waiver of car loan processing charges.

Bank of Baroda Current Account Minimum Average Quarterly Balance

  • Vary from Rs. 2,500 to Rs. 2.5 Lacs depending on the account

Bank of Baroda Current Account Charges

  • From 300 to Rs. 1,000 for different accounts

Bank of Baroda Current Account Options

  1. Baroda Premium Current Account
  2. Baroda Premium Current Account – Privilege
  3. Baroda Small Business Current Account
  4. Baroda Advantage Current Account
  5. Baroda Current Account for LIC and other insurance companies
  6. Current account for other banks
  7. Baroda Startup Current Account
  8. Baroda Scale Up Current Account

What We Like

  • Minimum current account charges
  • Best customer support

What We Didn’t Like

  • Average technology
  • Not many variants of current account

#8. Yes Bank Current Account

Yes Bank Current Account

Yes bank has a variety of current accounts for various business requirements.

The latest being the new Yes 3 tiered ( Edge/ Prime/ Exclusive) Business Current Account which gives the flexibility to move between tiers depending on the usage.

Apart from that Yes Bank gives an option to choose a value-added service package.

The service package has benefits like

  • Global trade and remittance services
  • Merchant services
  • Doorstep banking
  • Smart Tally – Automated payments and reconciliation for tally users
  • Payment gateway facility and
  • Cash management services

Yes Bank Current Account Average Quarterly Balance

  • Yes Premia Current Account – Rs. 2 Lacs of CASA or 10 Lacs of Net relationship value
  • For other current accounts – vary from Rs. 10,000 to Rs. 5 Lacs depending on the account
  • Yes TradeBiz Current Account – QAB of Rs. 1 Lac or Trade throughput of USD 100,000
  • Yes Pragati Current Account – Half-yearly balance – Rs. 5,000

Yes Bank Current Account Charges

  • Rs. 500 to Rs. 5,000
  • For Yes Premia Current account there are no finance charges.  Non-maintenance of balance results in the withdrawal of the benefits.

Yes Bank Current Account Options

  1. Yes 3 tiered ( Edge/ Prime/ Exclusive) Business Current Account
  2. Yes Premia Current Account
  3. Yes First Business Programme
  4. Yes Pragati Current Account
  5. Yes Business Value Current Account
  6. Yes Head Startup Current Account
  7. Yes Xtra Gain (Edge/ Prime) Current Account
  8. Yes TradeBiz Current Account

What We Like

  • 3 tier structure with the freedom to upgrade or downgrade
  • Option to choose value-added business services

What We Didn’t Like

  • Best services only for the premium account
  • Average to poor technology
  • The account opening requires a minimum QAB payment

#9. Kotak Mahindra Bank Current Account

Kotak Mahindra Bank Current Account

Kotak Mahindra Bank has current accounts for all business needs – from startups, growing businesses to large corporations.

All the current account comes with Kotak ActivMoney, an auto sweep and reverse facility which helps you earn interest on the account. You also have access to an overdraft facility, payment gateway, cash management and forex live services.

Kotak Mahindra Bank has a benefit of Kotak Circle, where businesses can club multiple current and saving accounts. Which helps in better fund utilization and account balance maintenance.

Kotak Mahindra Bank Current Account Average Quarterly Balance

  • Vary from Rs. 10,000 to Rs. 15 Lacs depending on the account
  • Kotak Global Trade Current Account – Qtr trade throughput from USD 50K to USD 250K

Kotak Mahindra Bank Current Account Charges

  • Starting from Rs. 750 to Rs. 8,000 for various accounts

Kotak Mahindra Bank Current Account Options

  1. Kotak Edge Current Account
  2. Kotak Pro Current Account
  3. Kotak Ace Current Account
  4. Kotak Neo Current Account
  5. Kotak Elite Current Account
  6. Kotak Startup Premium Current Account
  7. Kotak Astra 05 Current Account
  8. Kotak Global Trade Current Account
  9. Kotak Astra 15 Current Account
  10. Kotak Startup Regular Current Account

What We Like

  • Kotak ActivMoney & Kotak Circle for better funds management

What We Didn’t Like

  • High account charges
  • Average internet banking and technology

#10. RBL Bank Current Account

RBL Bank Current Account

Almost all the current accounts of RBL Bank has loan offerings for short term finance and working capital requirements. The offerings are a business loan, small business loan, loan against property and overdraft against the property.

The drawback is that – the bank has fewer branches pan India. Hence, RBL Bank provides doorstep banking at cost at few cities.

RBL Bank Current Account Average Quarterly Balance

  • Vary from Rs. 10,000 to Rs. 5 Lacs depending on the account
  • RBL Exceed Global Extra – Qtr throughput of $ 50K or AMB of Rs. 50,000
  • RBL Exceed Global Elite – Qtr throughput $ 200K or AMB Rs. 200,000

RBL Bank Current Account Charges

  • Starting from Rs. 250 to Rs. 3,000 for various accounts

RBL Bank Current Account Options

  1. RBL Traders Current Account
  2. RBL Value Silver 40 Current Account
  3. RBL Value+ Gold 100 Current Account
  4. RBL Value+ Gold 500 Current Account
  5. RBL Exceed Business Banking – Exceed Global Extra, Exceed Express, Exceed Global Elite
  6. RBL Business Current Account
  7. RBL Business Plus Current Account
  8. RBL India Startup Club Current Account
  9. RBL Self Employed Professional Current Accout

What We Like

  • Loan offerings with the current account

What We Didn’t Like

  • Few branches locations
  • Doorstep banking services are charged

Best Current Account for Small Business in India

#11. IDFC Bank Business Current Account – 10K

IDFC Bank Business Current Account

A simple current account with lower average balance requirements for growing needs and aspirations of small businesses.

Average Monthly Balance

  • Rs. 10,000

Current Account Charges

  • Rs. 100 if balance is between Rs. 7,500 to 10,000
  • Rs. 250 if balance is between Rs. 5,000 to 7,500
  • Rs. 350 if balances is less than Rs. 5,000

Other benefits

  • IDFC Business Visa Platinum Debit Card
  • Doorstep banking
  • Rs. 2 Lacs per month free cash deposit limit
  • Free 25 cheque leaves per month

#12. ICICI Bank Smart Business 2.0 Silver Current Account

ICICI Bank Smart Business Current Account

ICICI Smart Business 2.0 Silver account helps small businesses to adjust money flow with business cycles. It gives small companies the free cash deposit flexibility by linking QAB to the free transaction limits.

Businesses get free cash deposits of up to 10 times the MAB or Rs. 1.2 Crores whichever is lower.  They can enjoy free cheque collection & payment, RTGS & NEFT, Business Gold debit card and free cash deposit anywhere in India.

Minimum Quarterly Average Balance

  •  Rs. 50,000

Current Account Charges

  • Rs. 2,000 per qtr for avg balance > 50% but <100%
  • Rs. 3000 per qrt for avg balance <50%

Other benefits

  • 100 free branch transaction per month for every 1 Lac of balance maintained
  • 150 free cheques leaves per month for every 1 Lac of balance maintained
  • Unlimited free cheque payment and collection
  • Free mobile alerts facility
  • Free RTGS and NEFT transactions

#13. Baroda Small Business Current Account

Baroda Small Business Current Account

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.

Minimum Quarterly Average Balance

  • Rs. 2,500

Current Account Charges

  • Rs. 300 per quarter

Other benefits

  • Lowest average quarterly balance and charges
  • Unlimited free digital transactions

#14. Kotak Neo Current Account

Kotak Neo Current Account

Kotak Neo is a small business current account designed to help small businesses save and efficiently manage funds through Kotak ActivMoney and Kotak Circle.

Neo account carries the lowest balance requirement of Rs. 10,000. But the account is available at select locations only.

Minimum Average Quarterly Balance

  • Rs. 10,000

Current Account Charges

  • If AQB < 50% then Rs. 1,200.
  • For AQB > 50% but < 100% then Rs. 750.

Other benefits

  • Kotak Business class gold debit card with a daily purchase limit of Rs. 1.75 Lacs
  • Kotak ActivMoney sweep and reverse sweep facility
  • Rs. 15 Lacs overdraft facility
  • Free cheque collection through Speed Clearing
  • Flexibility to club multiple current and saving accounts
  • Cash Management services

Best Bank for Zero Balance Current Account in India

#15. Axis Bank Local Current Account

Axis Bank Local Current Account

The local current account from Axis Bank has no minimum balance requirements but the bank charges Rs. 1,999 annual fees. There is a rebate of 15% per quarter on annual charges if the average balance exceeds Rs. 50,000.

Other benefits

  • 75 free transactions per month on a combination of services
  • Daily account statements through email
  • Earn Axis Edge reward points for account opening and funding and registration

#16. Indus Infotech Current Account

Indus Infotech Current Account

The zero balance current account is specifically for IT, ITES, KPOs and BPOs. Indus Infotech includes a current account with services like global trade and forex, salary account and retail forex services.

Other benefits

  • Doorstep banking
  • Indus Forex card available in eight currencies
  • Free trade and forex services like zero Swift charges, free import/ export bill collection and non-trade outward remittances
  • Option to open a salary account of employees

#17. Standard Chartered Smart Business Current Account

Standard Chartered Smart Business Current Account

Standard Chartered Bank does not ask for the maintenance of monthly minimum balance.

But the smart business current account requires your business to route a minimum of Rs. 15 Lacs of business credit collections every month. Any shortfall attracts a charge of Rs. 3500.

Other benefits

  • Lower charges for various transaction fees with increased credits
  • Cash Management Solutions
  • Web-based Straight2Bank working capital platform
  • Digital payment solutions like Bharat QR and Samsung Pay
  • Cheque pick up doorstep service

Best Current Account for Startups in India

#18. ICICI iStartup 2.0 Current Account

ICICI iStartup Current Account

The iStartup 2.0 account caters to the specific needs of startup founders and young entrepreneurs through a host of business solutions like –

  • Customized and convenient banking experience with QAB waiver for the first 6 months
  • 3 variants of current accounts for specific startup needs
  • Preferential charges on import and export trade transactions
  • Startup Assist package for business incorporation, GST & return filings, web creation, e-commerce setup & digital marketing support
  • Dedicated relationship manager for promoters

ICICI bank helps connecting startups with consulting firms for legal and regulatory requirements. With private equity and venture capital firms through online platform BizCircle.

There are 3 variants of iStartup 2.0 – Silver, Gold & Platinum suited to the level of business activity.

But ICICI allows only businesses incorporated as LLP’s, private & public limited company and one-person company (OPC) to open iStartup 2.0 account.

Note – After six months the quarterly average balance requirement range from Rs. 25,000 to 5 Lacs depending on the account variant.

#19. HDFC Bank Smartups for Startups Current Account

HDFC Bank SmartUp Current Account

The Smartups current account assists startups and business founders with smart financial tools, advisory services and technology.

Startups can open either “StartUp Alpha” or “StartUp Max” current account based on their business needs.

ParticularsStartUp AlphaStartUp Max
Account TypeZero AQB requirement for 6 monthsPreferred account
Free Cash Deposit12 times MAB or
25 transactions,
subject to a maximum of 1 Cr p.m
12 times MAB or
60 Lacs or 60 transactions,
subject to a maximum of 2 Cr p.m
Debit CardBusiness debit card with no annual feesBusiness debit card with no annual fees
Average Balance
Rs. 25,000 from 2nd yearRs. 5 Lacs from 2nd year
ChargesRs. 1800AQB equal to and above 50% – Rs. 3,000
AQB less than 50% – Rs. 8,000

The other services for startups at special rates negotiated by HDFC Bank are –

  • Co-working spaces
  • Tax and Compliances advisory services
  • Marketing support by offering products on HDFC Bank Smart Buy portal
  • Content writing and Digital marketing services
  • Networking facility with SmartUp program to connect with customers, investors and mentors
  • Web services, HR solutions and Business & Legal services

#20. Axis Bank StartUp Special Current Account

Axis Bank StartUp Current Account

The startup special current account package at Axis bank is for technology-driven startups. The account requires startups with a zero balance current account for the first 24 months with free

  • Forex, NEFT and RTGS payments
  • Cash deposits and withdrawals at any branches up to Rs. 10 Lacs per month
  • Cheque book, DD and PO issuances

Rest of the other facilities are offered based on the risk profile and needs of the startups, like

  • Payment & Collection services
  • Forex and trade solutions
  • Payment gateway solutions
  • Credit facilities & working capital structured for startup needs
  • Investment advisory services

#21. Kotak Startup Current Account

Kotak Startup Current Account

Kotak Bank offers a regular and premium current account for startups.

DetailsKotak Startup RegularKotak Startup Premium
AQBRs. 50,000Rs. 1 Lac
Free DD50 per month100 per month
ChargesWaiver of charges for 1 year
Up to Rs. 2,500 after that
Waiver of charges for 1 year.
Up to Rs. 5,000 after that

The other common services include

  • Kotak Credit Access, an overdraft facility of Rs. 15 Lacs
  • Kotak ActivMoney with sweep and reverse sweep facility
  • Kotal Circle for grouping of current and saving accounts
  • Cash Management, forex and payment gateway solutions
  • Dedicated relationship manager

Difference Between Current Account and Saving Account

The difference lies in the prime underlying objective, the savings accounts are for personal savings and earnings with the basic intention of building a habit for savings. For more details, check out the list of best savings bank account in India

Whereas, current accounts are to facilitate smooth business transactions and accounting.

The other benefits associated with the current account as compared to the savings account are –

  • Overdraft facility where more money than the balance can be withdrawn
  • A higher number of free transactions
  • Unlimited withdrawal and deposit facility thus helpful in handling a large volume of transactions
  • Generally, the minimum account balance starts from Rs. 10,000
  • Discounts in processing fees & loan offers
  • Allows direct payments using cheques, DD and pay orders to vendors and creditors

Let me know your current account requirements in the comments.

About Pardeep Goyal

I love to talk about money saving hacks (Credit Cards, Travel, Shopping, Taxes). I share transparently how I am making passive income and where I spend my money.

19 thoughts on “21 Best Bank for Current Account in India 2022”

    • You can approach ICICI Bank or HDFC bank with a request for both (current account & business loan) at the same time.

      Depending on the collateral offered and your business needs both banks can process your request in a short time

    • Razorpay is a NeoBank (a new concept in India).
      Neobanks don’t have a bank license of their own but count on bank partners to provide bank-licensed services.

      Benefits of Neobank –
      – Fast online platforms for banking needs to be suited to Individuals, SME and startups
      – Innovative tools & User-friendly UX
      – Hassle-free account opening
      – Quick fund settlement, payment, and remittance facility
      – Additional services like tax, invoice, payroll management.

      On the flip side, they have to operate under the mandate of the partner bank. Do not have branch/ATM access. Lurking ambiguity in regulation.

  1. Hello Sir,
    Nice and impressive research no doubt. In the very first point about ICICI, what is the cost we are talking about..?

    ***ICICI Bank Current Account Charges
    Regular Current Account – Starting from Rs. 750 to Rs. 2,000

    This part I mean.

  2. Hi

    My current account is with one of the bank mentioned in this list, however I am looking to switch since my current bank dont offer OD facility to me. Please suggest some good banks who offers OD facility.

    Thank You


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