Check Eligibility Criteria for NEO Current Account | Kotak Mahindra Bank
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
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Frequently Asked Questions

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How can I open Neo Current Account?

Opening a Neo Current Account, a low minimum balance Current Account is a simple and straightforward process.

Through our user-friendly DIY journey, you can initiate Kotak Bank's Neo Current Account opening online. If you prefer personal assistance, our dedicated staff will always guide you. Simply click on 'Apply Now' and embark on your journey with a Neo Current Account.

Is Current Account mandatory for small business?

A Current Account for a small business is a fundamental necessity for managing cash flow effectively. It provides a streamlined way to handle transactions, making it an essential tool for thriving small businesses.

How does a small business open a Current Account?

Neo Current Account is best suited for small businesses.

To initiate the process, click 'Open Online' for a self-guided application. If you prefer assistance setting up your small business Current Account, click 'Apply Now'. Our dedicated team will guide you through opening your Neo Current Account.

What are the non-maintenance charges (NMC) applicable in NEO Current Account?

In Neo Current Account, Non-Maintenance Charges are ₹1,200 if the Average Quarterly Balance (AQB) is less than 50%.

If the AQB in Neo Current Account is ≥ 50% but < 100% of the required product AQB, the charges are Rs. 750. For more detailed information about Current Account charges, please click here.

How can I open Neo Current Account?

Yes, having a Current Account for Sole Proprietorship is highly beneficial.

It helps separate personal and business funds, which is crucial for effective financial management.

How do I open a Current Account for my firm?

Opening a Current Account for your business is a straightforward process.

To initiate the process, click 'Open Online' for a self-guided application. If you need assistance opening a Current Account, click 'Apply Now'. Our dedicated team will assist you.

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