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Grow the smart way with a Kotak Current Account, specially designed for seamless transactions and effective financial management. Optimise your cash flow with our cash management services (CMS), simplify trade and foreign exchange transactions, and easily manage your tax payments. Make bulk payments using a maker-checker facility, enjoy contactless collections with a Kotak POS machine, access automated reports for hassle-free reconciliation, utilise our other services such as doorstep banking and do much more.
We understand that every business is unique, with its own set of requirements. That's why we provide curated solutions that are designed to meet your specific needs.
Neo Current Account
Startup Premium Current Account
Pro Current Account
Startup Regular Current Account
Astra 15 Current Account
Edge Current Account
Ace Current Account
Global Service Account
Elite Current Account
Global Trade Current Account
Astra 05 Current Account
Kotak Mahindra Bank has partnered with brands across diverse categories. Explore our bouquet of offers, specially curated for you to manage your day-to-day business with ease.
A Current Account is a type of bank account designed for businesses and organisations that need to manage frequent, high-value transactions, offering features like unlimited withdrawals, deposits and overdraft facilities to support daily financial operations.
You qualify to open a Current Account if you belong to any one of the following categories:
Finally, whether you are an individual who wishes to have a Current Account or a business entity, you must fulfil our eligibility criteria to ensure you have the right financial solution. Apply for a Kotak Current Account today and unlock a world of possibilities.
There are many options available at Kotak Bank, and it’s essential to identify a Current Account that aligns perfectly with your business. Here are some of the unique options you can choose from:
Built for large enterprises, Astra 15 offers waivers on cash deposits/withdrawals, free RTGS/NEFT, and unlimited chequebooks. Benefit from customised CMS solutions and streamlined financial workflows for high-volume transactions.
Designed for large enterprises, Astra 05 offers higher transaction limits, waivers on cash deposit and withdrawal charges and customised CMS solutions. It facilitates seamless RTGS/NEFT transactions, cheque handling and automated MIS reports, making high-volume financial operations smooth and efficient.
Built for cash-intensive businesses, Ace Current Account provides seamless cash flow management with higher free cash deposit limits and bulk payment solutions. Additionally, businesses can benefit from overdraft facilities to meet short-term liquidity needs, ensuring uninterrupted operations.
The Elite Current Account is a premier banking solution for medium-to-large businesses. It offers a reasonable quarterly balance requirement, higher transactional limits and waivers on cash deposits and withdrawals. It also includes POS solutions, free demand drafts and a flexible overdraft facility for efficient cash flow management.
For professionals managing small to mid-sized businesses, the Pro Current Account enhances POS transactions, provides access to customised trade finance and simplifies real-time reconciliation. Additionally, the Kotak ActivMoney feature also helps you to earn interest on your idle funds through an auto-sweep facility.
The Edge Current Account is designed for small and medium enterprises that wish to maintain lower balances. Its exclusive features ensure faster access to funds, enhance transaction efficiency and provide the flexibility needed to manage growing business demands.
Startups require agility, and this account provides just that. It features minimal balance requirements and waives Non-Maintenance Charges for the first 12 months. Additionally, it offers preferential pricing on trade and forex services, along with comprehensive digital solutions. You’ll gain access to corporate salary accounts for your employees, business management tools, exclusive discounts on offers for your business across various categories, and more.
Perfect for early-stage businesses, this account offers zero Non-Maintenance Charges for 12 months, free RTGS/NEFT payments, and free cheque collection. Enjoy cash deposit benefits of up to ₹1 cr. per month and free withdrawals of up to ₹50,000 per day at non-home branches.
The process is straightforward and involves filling out a form and providing the necessary documents. There are two different methods to open a Current Account with Kotak Mahindra Bank:
Receive a call back:
In-Person Application:
For a Current Account, eligible businesses and constitutions are individuals, sole proprietorships, partnerships, limited liability partnerships, Hindu Undivided Families (HUFs), public/private limited companies, etc.
No, Current Accounts don't earn you interest. However, you can earn interest on the idle funds in your Current Account with the ActivMoney facility.
The minimum balance criteria for Current Accounts are different and usually depend on the account type you opt for. Selecting the variant that aptly meets your business needs and financial capabilities is essential to smoothly meeting the minimum balance requirement.
There are several types of Current Accounts. You can explore a diverse array explicitly crafted to cater to your business's unique needs.
Small businesses have unique requirements. At Kotak, our Pro Current Account's offerings are tailored to meet the specific needs of small and growing businesses.
Yes, Individuals can also open a Current Account.
Yes, it is possible to have multiple Current Accounts. One can dedicate each account to specific financial aspects, providing better control and financial management.
To open a Current Account, you need to provide key documents such as proof of business (e.g., GST registration, business license), identity proof (e.g., Aadhaar card, PAN card), address proof (e.g., utility bill, rental agreement) and business-related documents (e.g., partnership deed, MOA/AOA). They help validate your identity and establish the legitimacy of your business.
Yes, Kotak Bank offers an ATM card with Current Accounts, enabling you to withdraw cash, check account balances and carry out banking transactions at ATMs across the country. This ensures easy access to your funds anytime and anywhere.
Kotak Bank provides multiple options for depositing cash into your Current Account. You can visit any branch for over-the-counter deposits, use cash deposit machines available at select locations or opt for electronic transfers like NEFT/RTGS. Additionally, you can deposit cheques or use wire transfers for seamless and secure transactions.
Irrespective of your business size or industry type, Kotak Mahindra Bank offers Current Accounts designed to simplify financial operations. Whether you need to manage POS transactions, process bulk payments, or handle seamless remittances, Kotak provides solutions that keep your cash flow smooth. With automated reconciliation and integrated tax payment services, businesses can stay financially organised while focusing on growth. Combining flexibility, security and digital convenience, we ensure that businesses have the right banking partner to scale effortlessly.
Yes, Kotak Bank’s Current Accounts support UPI transactions. This enables businesses to make and receive payments instantly, ensuring quick dues settlement and improved operational efficiency.
Kotak Bank Current Account holders can perform transactions through various methods, such as NEFT, RTGS, and IMPS, for electronic transfers. Traditional options such as issuing cheques are also available, along with online banking services through the mobile banking app and internet banking portal for 24/7 access to funds.
Kotak Bank offers customised bulk payment solutions, enabling quick and secure processing of salaries, vendor payments and supplier settlements. With maker-checker approval workflows, businesses can authorise transactions efficiently with higher control and accuracy.
Yes, there are Kotak Current Account variants that support inward remittances, making it easy for businesses to receive international payments. With advance notifications for remittances and foreign exchange solutions, managing cross-border transactions becomes seamless.
Kotak offers multiple payment solutions, including POS terminals, QR code payments and doorstep banking for cheque collections. Businesses can also integrate automated reconciliation services to track and manage payments conveniently.
The transaction limit for a Current Account depends on the type of account you choose. Kotak Bank offers accounts with higher transaction limits, ensuring businesses can handle large volumes of transactions effortlessly.
Yes, money transfers from a current account can be made online through mobile banking, internet banking, or UPI. Kotak Bank ensures secure and convenient transfers to streamline your business operations. You can also transfer funds by submitting a request at the nearest branch.
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