Startup Current Account

Banking Solutions for your Startup

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What’s in store for you

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StartUp Current Account

Account Features

  • AQB of Rs 50,000. Waived for 1st 4 Quarters

  • NMC waived if credit transaction through Digital Product (ME/MPOS/MEAPP/PG) is greater than or equal to Rs 5 lakh.

  • Cash Deposit - 12 times of current month AMB (Upper Cap Rs 75 crores)

  • Cash Withdrawal – Free at home branch

Business Debit Card

  • Complimentary Lounge Access and Insurance benefits

  • Yearly Savings of upto ₹12,500

  • Upto 40% saving on Travel & Software.

  • Special offer on flights & hotels

StartUp Lounge

  • The StartUp Lounge is currently available at:

    • Bangalore

    HDFC Bank Branch Address - No.446, 17Th Cross, 4Th Sector, Hsr Layout, Bangalore, Karnataka, 560102

    Guwahati

    HDFC bank Branch Address - 126, G S Road, Bhangagarh, Guwahati, Assam, 781005

    Gurgaon

    HDFC bank Branch Address - Hdfc Bank, Vatika Technology Park, Sector-49, Badshahpur, Gurgaon, Haryana

Bundled Offers

Our Card Offerings

Business Debit Card

  • Higher Debit Card Limits

  • Up to 2 Complimentary Lounge access per quarter

Commercial Credit Card

  • Credit limit upto 90% of the FD amount

  • Minimum FD required – ₹3 Lakh

Benefits

  • Travel, Insurance, Go Nuclei, MMT Biz

Know more about Startup Current Account

Eligibility

  • Entity type: Private Limited/Partnership/LLP/OPC​
  • Date of incorporation/registration of business should not be more than 10 years from the date of account opening;
  • Should use innovative technology/methods/processes in its business and work towards a scalable business model with high potential for wealth creation​
  • Entity should not be formed by splitting or reconstituting existing business​
  • Should provide specific declaration in Most Important Document (MID) at time of account opening​ ​
  • DPIIT registration certificate (if available)
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Documentation required

  • The documents required to open a Startup Current Account may vary depending on the kind of business you own and the kind of Current Account you wish to open. Please go through the documents required before beginning your application process 

Limited Liability Partnerships 

  • Incorporation Document, Limited Liability Partnership Agreement 
  • Certificate of Incorporation 
  • List of all existing Designated Partners of LLP along with Designated Partner Identification Number (DPIN) issued by the Central Government 
  • Resolution passed at the meeting of Designated Partners for the particular relationship, which the LLP plans to have with the bank 
  • Address proof in the name of the entity
  • KYC of Designated Partners/Authorised Signatories
  • GST Certificate if Applicable

Private Limited Company 

  • Certificate of Incorporation
  • Memorandum of Association (MOA) & Articles of Association (AOA) 
  • Latest list of directors duly signed by any Director/Company Secretary /Authorised Signatory 
  • Address proof in the name of the entity
  • Board Resolution (BR) on the letter head of the entity duly signed by the directors
  • INC-21 and INC-20A will be required as applicable
  • GST Certificate if Applicable
  • KYCs of Authorised signatories and Directors 

Officially Valid Documents (OVDs) for establishing Proof of Identity AND Address proof

  • Passport  
  • Permanent Valid Driving license 
  • Election/Voter ID card issued 
  • Aadhaar card 
  • NREGA Job card signed by an officer of the State Government 
  • Letter issued by the National Population Register containing details of name & address 
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Application Process

Any HDFC Bank Branch 

  • Please complete the requisite form and share it with your banker. They will guide you on the next steps.
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Fees and Charges

  • Average Quarterly Balance (AQB) - ₹50,000/-; Waiver for 1st 4 quarter.
  • Non-Maintenance Charges (per Quarter) - ₹3,000/- per quarter.
  • IP requirement – ₹50,000/-
  • NMC waived if credit transaction through Digital Product (ME/MPOS/MEAPP/PG) is greater than or equal to ₹5 lakh.
  • Balance Enquiry is free at Branch
  • Click here to read fees & charges in detail.
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Most Important Terms and Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Redemption Limit

Frequently Asked Questions

Some of the benefits you can enjoy when you open a StartUp Current Account in India include AQB waiver for digital transactions, free cash withdrawals and deposits, free RTGS and NEFT payments, bundled offers for startups, and access to custom group health insurance plans for your employees. 

Yes, you will need to provide identity proof (Aadhaar Card, PAN Card), address proof (latest utility bill, passport), and income proof (latest salary slips for salaried individuals, income tax returns for self-employed individuals) to open a StartUp CurrentAccount online or offline.  

For more information, visit our [FAQ]   

Private Limited Company, Registered Partnership, Limited Liability Partnerships (LLPs) are eligible for StartUp Current Account opening.  

₹50,000. NIL AQB for one year from the account opening date, post one-year ₹50,000 AQB to be maintained.

Zero NMC Charges provided Quarterly Credit transactions through Digital Products is ₹5 lakh or more

Combined Home and Non-Home: Free - 12 times Current Month AMB (upper cap ₹75 crore) After the free limit standard Charges ₹3.5/- per ₹1000, minimum ₹50/- per transaction.

Home Branch - Free; Non-Home Branch - 12 times Current Month AMB (upper cap ₹75 crore) After free limit standard Charges of ₹2/- per ₹1,000/, minimum ₹50/- per transaction.

NEFT/RTGS transactions are free through Branch & Net Banking. 

25 free cheque leaves for every slab of ₹1 Lakh of current month AMB balance maintained (subject to maximum of 2,000 cheque leaves). Cheque leaves issued over and above the monthly free limit are chargeable at ₹3.5/- per leaf.

Standard charges: Up to ₹1,000 - ₹2.5; Above ₹1,000 up to ₹1 lakh – ₹5; Above ₹1 lakh up to ₹ 5 lakh – ₹15; Free above ₹5 lakh (per transactions charges excluding GST)

Monthly free limit of 50 DD/POs for every slab of ₹1 lakh of current month AMB balance maintained (subject to maximum of 1000 DD/PO) Above free limit charges are ₹50 per instrument 

Free 150 transactions for every slab of ₹1 lakh of current month AMB balance maintained (subject to maximum of 3000 transactions) Charges over and above monthly free limit are ₹50 per transaction 

DPIIT recognition is not mandatory for opening StartUp Current Account. However, Startups can avail benefits under StartUp India Scheme only if it is recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).

DPIIT recognition enables the StartUp to avail beneficial services like to access a host of tax benefits, easier compliance, collateral free loans under Credit Guarantee Scheme for StartUp (CGSS), fast-tracking of a patent application & more under prevailing government policies. Please refer to startupindia.gov.in for more details.

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