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Open a Current Account

A Current Account is very important for efficiently managing daily business transactions. Kotak Mahindra Bank provides a wide range of Current Account variants to fuel your business growth. Empower your business with Kotak Current Accounts, make the most of powerful banking solutions and accelerate your business growth.

Features & Benefits of Current Account

Kotak Mahindra Bank's Current Accounts offer several power-packed features and benefits. It comes with the feature of ActivMoney, which empowers you to earn interest on your idle funds through an auto-sweep facility.

Related Products

Special Brand Deals and Discounts available with Kotak Current Accounts

Kotak Mahindra Bank has partnered with brands offering exclusive deals to handle various aspects of your business. Explore our bouquet of offers, specially curated for you to manage your day-to-day business with ease.

Accelerate your Business Growth with Our Powerful Banking Solutions
 

How to Open a New Current Account

To have a seamless experience, choose the method that best suits you for opening a Current Business Account.

Receive a call back:

  • Click the "Apply Now" tab
  • Fill out the form
  • Click on Submit


In-Person Application:

  • Visit the nearest branch
  • Fill up the account opening form
  • Provide required KYC documents in person

Frequently Asked Questions

What is a Current Account?

A Current Account is a special type of account that facilitates a higher number of transactions so that businesses can run their daily operations seamlessly. In the business world, having a Current Account is essential for efficiently managing high transaction volumes. Exploring the straightforward process of opening a Current Account with a trusted bank can simplify your business operations.

Who can open a Current Account?

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.

Do Current Accounts earn interest?

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.

What is the minimum balance for a Current Account?

For a Current Account, the minimum balance criteria are different and usually depend on the account type you opt for. Selecting the variant that aligns perfectly with your business needs and financial capabilities is essential to meet the minimum balance requirement smoothly.

What are the different types of Current Accounts?

There are several types of Current Accounts, and one can explore a diverse array explicitly crafted to cater to the unique needs of their business.

Which Current Account is best for small businesses?

Small Businesses have their unique set of requirements. At Kotak, our Current Account offerings are designed to meet the needs of small/growing businesses. When opening a Current Account, consider an option that aligns perfectly with small enterprises' requirements. Kotak Neo Current Account for small businesses offer specialised solutions.

Can an Individual open a Current Account?

Yes, Individuals can also open a Current Account.

Is it possible to have multiple Current Accounts?

Yes, it is possible to have multiple Current Accounts. One can dedicate each account to specific financial aspects, providing better control and financial management.