Best Premium Current Account for Startups @ Free Cash Withdrawal*

Best Premium Current Account for Startups @ Free Cash Withdrawal*

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I am interested

Startup Premium Current Account by Kotak

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Open a Startup Premium Current Account

The Kotak Startup Premium Current Account offers banking services across different categories to support your business, empowering you to take your business to the next level. In the first year, enjoy exemption from Non-Maintenance Charges and preferential pricing for Trade and Forex solutions. Explore digital fund transfer options with maker-checker and bulk upload facilities. The Kotak Startup Premium Current Account offers innovative features and exclusive benefits, making it an apt Current Account for startups. Elevate your business with a banking partner that understands and caters to all your unique business needs.

Bundled product offerings to boost the growth of your Startup

Non-Maintenance Charge waiver

Waiver of Non-Maintenance Charge for the first twelve months from the date of the Current Account opening

Trade and Forex Solutions

Preferential pricing on import/export services

Payment and Collection Solutions

Enjoy safe, digital and bulk fund transfers with a Maker-Checker facility

Offers Beyond Banking

Enjoy offers from our empanelled partners to simplify the nitty-gritty of your business

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Customised Current Account with a host of solutions for your Startup

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Features & Benefits of the Startup Premium Current Account

Non-Maintenance Charge waiver for the first twelve months from the date of the Current Account opening
Free RTGS/NEFT payments at branches or via Net Banking
Free cash withdrawal at non-home branch locations up to Rs. 1,00,000 per day
Free cash deposits at home branches, up to 5 times of previous month's average credit balance or Rs. 10,00,000, whichever is higher
Free cheque payment and collection pan-India
Free outward cheque returns (up to five instruments per month)

Eligibility Criteria for Startup Premium Current Account

Initial Deposit: A minimum deposit of Rs. 1,00,000 is required to open this account
Average Quarterly Balance (AQB): The Kotak Startup Premium Current Account has a minimum AQB of Rs. 1,00,000
Business Vintage: The business should be incorporated or registered no more than three years before the account opening date

The Kotak StartUp Current Account is available to the following entities:

Add More Power to Your Business

Offers Beyond Banking across different categories to support the nitty-gritty of your business . Explore more
Salary Account - Corporate Salary Account for Startup employees. Minimum five employees with an average salary of Rs. 25,000
Simple and secure fund transfer through bulk uploads with a Maker-Checker facility
Collection solution for convenient reconciliation of receivables through RTGS / NEFT/ IMPS
Preferential pricing for trade transactions with a minimum benefit of Rs. 1,10,000* per annum
A range of collateral-free, customised Business Loan Solutions to help you grow your business
Accept digital payments safely and securely with the Kotak Point of Sale (POS) machine
kotak.biz, an easy-to-use payment collection app, helps you turn your phone into a cash counter and avail multiple digital collection options

*Based on usage of all trade services (1 trade transaction per month)

Solutions for your business

Point of Sale (POS) Machine

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Connected Banking

API Banking

Offers Beyond Banking for your business

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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.

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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.

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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.

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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.

Frequently Asked Questions

What is a Startup Current Account, and how is it different from a regular Business Current Account?

A Startup Current Account is specially designed to meet the unique needs of newly incorporated businesses.

What are the advantages of opening a dedicated Startup Current Account?

Waiver of Non-Maintenance Charges for the first twelve months from the date of the Current Account opening
Preferential pricing on import/export services
Simple, secure digital and bulk fund transfers with a Maker-Checker facility
Access to offers from various empanelled partners to manage the day-to-day business conveniently
Free cash withdrawal at non-home branch locations up to Rs. 1,00,000 per day
Business Debit Card with no issuance charges

What defines a Startup, and how is it different from an established business?

Managing finances well should be your priority during the initial years of your business. Taking control of your finances is essential to manage different requirements and ensure the venture runs smoothly. A Startup Premium Current Account can be a great help in this regard.

More about Current Account

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Learn all about Current Account

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.