Compare Current Accounts - Business

Minimum Average Balance

 MAB

INR 5,000

INR 50,000

INR 1 Lakh

INR 5 lakh

INR 10 lakh

INR 50 lakh

Free Cash Deposit Limit

Total (Monthly)

100 times of MAB previous month MAB. Maximum Rs.5 lakhs per month

INR 15 lakh

15 times of previous month MAB. Maximum Rs.100 lakhs per month. (w.e.f 01.12.2024)

Free Cash Deposit 15 times of previous month MAB. Maximum Rs.250 lakhs per month.(w.e.f 01.12.2024)

Free Cash Deposit 15 times of previous month MAB. Maximum Rs.500 lakhs per month (w.e.f 01.12.2024)

INR 600 lakh

Non-Home Branch (Daily)

INR 5 lakh

INR 5 lakh

INR 5 lakh

INR 5 lakh

INR 5 lakh

INR 10 lakh

Free Withdrawal Limit

Home Branch (Monthly)

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Non-Home Branch (Daily)

INR 1 lakh

INR 1 lakh

INR 1 lakh

INR 1 lakh

INR 1 lakh

INR 5 lakh

Cheque Book

Free cheque leaves

50 per month

150 per month

300 per month

  700 per  month

1500 per  month

5000 per  month

Merchant

Acquiring Business

(POS)

POS Installation

As per card rates

Free

Free

Free

Free

Free

Monthly service charges

As per card rate

As per card rates

Free

Free

Free

Free

POS Monthly Rental charges

As per card rates

50% concession in  monthly rental charges Free (If INR 50,000 + txn per month per POS)

Free (If 2L+ txn per month per POS)

Free (If 2L+ txn per month per POS)

Free (If 2L+ txn per month per POS)

Free (If 2L+ txn per month per POS)

Number of discounted POS/QR Sound Box

_____

1

1

2

4

8

MDR

Card rate

Card rate

1.60%

1.40% 

1.20%

1.00%

CMP Offering

e-Collections

As per card rates

As per card rates

As per card rates

25% Discount on card rate

75% Discount on card rate

100% Discount on card rate

Bulk Payments

Liquidity Management

As per card rates

As per card rates

NEFT/RTGS

Through Branch

As per card rates

As per card rates

Unlimited free

Unlimited free

Unlimited free

Unlimited free

Demand Drafts

Home Branch only

As per card rates

20 Drafts free per month

50 Drafts free per month

Unlimited Free

Unlimited Free

Unlimited Free

Non-Maintenance of MAB Charges

Rs.500 + GST per month

Rs.1000/- per month + GST

Rs. 2000 +GST per month

"Rs. 4000+GST per month: if MAB <Rs. 2,50,000                 Rs. 2000+GST per month: if MAB >Rs. 2,50,000"

"Rs. 8000+GST per month: if MAB <Rs. 5,00,000              Rs. 4000+GST per month: if MAB >Rs. 5,00,000 "

If MAB < 50% Rs.25000/- per month + GST                         MAB> 50% then Rs.15000/- per month + GST.