Startup Current Account Frequently Asked Questions

Standard charges : Upto Rs 1000 - Rs 3.5; Above Rs 1000 upto Rs. 1 lac – Rs. 5; Above Rs. 1 lac upto Rs. 5 lac – Rs. 15; Free above Rs. 5 lacs (per transactions charges excluding GST)

Free through Branch & NetBanking

Zero NMC Charges provided Quarterly Credit transactions through Digital Products is Rs. 5 lakhs or more

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

25 free cheque leaves for every slab of Rs. 1 lakh of current month AMB balance maintained (subject to maximum of 2000 cheque leaves) Cheque leaves issued over and above monthly free limit are chargeable at Rs. 2/- per leaf

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

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

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

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

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 startupindia.gov.in for more details.

Free 150 transactions for every slab of Rs. 1 lakh of current month AMB balance maintained (subject to maximum of 3000 transactions) Charges over and above monthly free limit are Rs. 25 per transaction