What is a Current Account?

A Current Account is a special type of an account that facilitates a higher number of transactions for businesses to run their daily operations seamlessly.

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.

What is Startup premium Current Account?

The Startup Premium Current Account is a specialised business banking solution for Startups.This Startup Current Account is designed to offer premium services that are required for efficient business operations.

What are the features of a Startup premium Current Account business?

The Startup Premium Current Account is a comprehensive banking solution designed for Startups.It offers all the essential features of a Current Account along with additional benefits tailored for the unique needs of Startups. The Startup Current Account includes a Non-Maintenance Charge waiver for the first 12 months, preferential pricing on Trade and Forex services, digital bulk fund transfer options, and more.

How to open a Current Account?

Opening a Current Account is easy. You can open your Current Account Online by clicking on the Open Online tab or submit the KYC documents along with the duly filled account opening form at the nearest branch.

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.

What are the advantages of Startup premium account?

One of the standout advantages of the Startup Premium Account is the Non-Maintenance Charge waiver for the first 12 months from the date of the Startup Current Account opening.This feature and other specially crafted benefits empower startups to grow and scale heights.

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.

Who can open a Current Account?

A Current Account can be opened by the below businesses/constitutions: * Sole Proprietorship Firm * Partnership Firm * Limited Liability Partnership Firm * Hindu Undivided Family/Joint Hindu Family (HUF) * Public or Private Limited Companies

Can I open a zero-balance Current Account?

A Current Account helps in making business payments and collections seamless.However, there is a minimum balance requirement that needs to be maintained based on the variant you choose.

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.

What are the documents required for opening a Current Account?

KYC documents that need to be submitted differ from business to business. Click here to know the documents required for Current Account.

Features

Q: Is Current Account interest free?

While the Startup Premium Current Account does not pay Current Account interest, the ActivMoney feature allows you to earn up to 7%* p.a. on your idle funds, adding value to your banking experience.*For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. AutoSweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.

Open Online

Open your Online Current Account with ease and enjoy a hassle-free banking experience

No non-maintenance charge

Enjoy a worry-free banking experience with no non-maintenance charges and pay as per your usage

ActivMoney

Earn FD-like interest up to 7%* p.a. on the idle funds in your Kotak online Current Account

kotak.biz

Download kotak.biz and accept payments easily using free QR, UPI, Tap on Phone and online payment links

Tax Payment

Easy and convenient tax payment solutions for your business

Kotak Online Current Account

Power-packed features for your business

Introducing Kotak Online Current Account, where ease, convenience, and hassle-free banking converge. Our innovative and customised solutions make managing your business more convenient than ever. Take your business to the next level and discover the limitless possibilities with Kotak Online Current Account. Go on, open your Current Account digitally and get your account number smoothly through video KYC.

Accelerate your business growth with the following features on your Online Current Account.

No non-maintenance charges - Enjoy a worry-free banking experience with no Non-Maintenance Charges and pay as per your usage
Free 5 transactions per month at the branch for RTGS/NEFT
Free RTGS/NEFT payment online through Net Banking and Mobile Banking
Free cash withdrawal across all branches
Free 24x7 Net Banking, Mobile Banking, Phone Banking, and SMS Banking
Free transaction alerts through email

Additional Privileges

ActivMoney

Earn FD like interest up to 7%* p.a. on the idle funds in your Current Account with ActivMoney.

Collections

Avail of multiple digital collection options and add convenience to your business with kotak.biz, QR, Tap on Phone, SMS Pay and more.
Easy collection solution for conveniently reconciling receivables received through RTGS / NEFT/ IMPS.

Payments

Simple and secure fund transfer through bulk upload with Maker-Checker facility.

Lending Solutions

A wide range of collateral-free, customised Business Financing Solutions that empower you to grow your business and get maximum advantage on your Current Account.

Offers Beyond Banking

Special offers across different categories to help you manage the nitty-gritty of your business.

Offers Beyond Banking for your business

business-management-marketing-product-mobile

Business Management and Marketing

Enjoy a host of digital marketing offers that cater to all your business and marketing related requirements.

Enterprise Resource Planning

Get offers that enable you to manage your day-to-day business transactions and processes with a host of accounting software.

Business Travel

Streamline your business travel with curated offers. Enjoy discounts, plan your journey easily, and maximise productivity while focusing on what matters most – your business.

Supply Chain and Logistics

Avail offers that empower your business with easy flow of goods and services and optimum logistics management.

Human Resource

Enjoy offers on HR software that help you transform your company. Manage salary payments easily with payroll software.

Workspace Management

Make the most of our offers and work in a flexible environment suited to your taste - a lively work pad that gives you a vibrant setting to convert all your ideas into reality.

Taxation & Legal

Get offers on assistance on matters concerning legal and tax issues and grow your business the right way.

Healthcare/Medical Equipment

Avail offers that provide you with best-in-class medical equipment for all your product-based needs. Also, get round-the-clock appointment booking, onsite and remote consultations, access to a wide network of doctors and much more.

*For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto-Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. Auto-Sweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.

Open Online Current Account