Open Startup Regular Current Account For Early Startups | Kotak Mahindra Bank
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Customised Current Account with a host of solutions for your Startup


Startup Current Account Features

  • 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. 50,000 per day
  • Free cash deposits at home branches, up to 5 times of previous month's average credit balance or Rs. 5,00,000, whichever is higher
  • Free cheque payment and collection pan-India
  • Free alerts through e-mail and SMS
  • Free outward cheque returns (up to three instruments per month)
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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
  • 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
  • Wide range of collateral-free, customised Business Loan Solutions to grow your business
  • Accept payments digitally with the Kotak Point of Sale (POS) machine
  •, an easy-to-use payment collection app, that 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)



Offers Beyond Banking for your business

For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit 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.

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Frequently Asked Questions


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 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.

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 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.

Do Current Accounts earn interest?

No, Current Accounts don’t earn you interest. However, you can enjoy attractive returns and earn interest income on the idle funds in your Current Account with the ActivMoney facility.

What is the minimum balance for a Current Account?

The minimum balance requirement that needs to be maintained depends upon the variant you choose.

What are the different types of Current Accounts?

Discover a wide range of Current Account variants, tailored to meet the unique needs of your business, regardless of the industry you operate in.

Whether you're launching a startup, expanding your enterprise or seeking to diversify, our Current Account solutions offer the perfect fit for your aspirations.

Which Current Account is best for small businesses?

Small businesses have their unique set of requirements. Small business Current Account and its tailor-made solutions are specially crafted for small/growing businesses.

Can an Individual open a Current Account?

Yes, an individual can also open a Current Account.