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  1. Business Accounts and Cash Management
  2. Accounts
  3. Business Essential Account

Expand your business with the Business Essential Account

A Current Account tailored to boost your growth

Business Essential Account Benefits
  • based on your monthly average balance

  • for cash and cheque pick-up, deposit and withdrawals

  • transactions with Straight2Bank (S2B) – a fully integrated digital platform

Business Essential Account Features

Customisable pricing

Flexibility to customise pricing based on your requirements and relationship with Standard Chartered.

Simple and versatile

We offer flexibility in variants and dynamic pricing.

Secured Transactions with Straight2Bank (S2B)

Manage online salary uploads and much more with ease through S2B, a fully integrated digital platform for all your transaction needs.

e-Alert facility

Standard Chartered offers the convenience of e-Alert services for all your remittance transactions.
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The Business Essential Account is a Current Account that helps you focus on what you do best – manage your business. It is an account that offers you enhanced transnational convenience with Straight2Bank, facilities like cheque pick-up and even a free international business Debit Card powered by Visa.

  • Single product variant with dynamic pricing.
  • Straight2Bank (corporate internet banking platform): a web-based platform (via internet) for conducting payments, trade and Forex transactions online.
  • Cash management services: A receivable management solution aimed at providing speedy realization of outstation cheques with enhanced logistics support for management cheque collections.
  • e-Alert service: Provides the automated delivery of ITT / OTT and RTGS advice by email to the customer, as and when a remittance/RTGS transaction takes place in the customers account.
  • Online tax payment facility.
  • Our Business Essential Account (BEA) is simple and innovative without the rigidity of the variant system.
  • We offer flexibility in variants and pricing on a dynamic basis.
  • This account requires you to maintain an average balance of INR 2 Lakhs every month.
  • A fee for non-maintenance of balance is charged only if the average monthly balance is below the above mentioned threshold.
  • Our Business Essential Account (BEA) is –simple and innovative without the rigidity of the variant system.
  • We offer flexibility in variants and pricing on a dynamic basis.
  • This account requires you to maintain an average balance of INR 2 Lakhs every month.
  • A fee for non-maintenance of balance is charged only if the average monthly balance is below the above mentioned threshold.

Based on the average monthly balance, your account will be classified in one of the three balance tiers of Business Essential Account. The tiers are defined as follows:

  • Up to INR 1 Lakh
  • INR 1 Lakh to INR 5 Lakh
  • Above INR 5 Lakh

The transaction pricing will depend on the tier the account falls into. So each month the charges can vary depending on the balance tier maintained – thus being dynamic in nature.

  • Sole proprietors / proprietorship firms
  • Partnership firms
  • Public and Private companies (including closely-held limited companies)
  • Others such as professionals, trusts, associations, societies, etc

You need to submit the following documents at the time of opening your account:

  • Account opening form.
  • Most Important Document (MID).
  • Identity and proof of address.
  • Documents depending on the facilities sought (eg. trade, internet banking, doorstep banking, etc.).

You will be advised of any other documents required at the time of application.

For details, please click here
For details, please click here
For details, please click here

Entities eligible for a Business Essential Account include:

  • Sole proprietors/proprietorship firms
  • Partnership firms
  • Public and Private companies (including closely-held limited companies)
  • Others such as professionals, trusts, associations, societies, etc

To open a Business Essential Account, you will require:

  • Account Opening Form
  • Most Important Documents
  • Individual and Entity KYC Documents
  • Documents depending on the facilities sought (eg. trade, internet banking, doorstep banking)

You will be advised of any other documents required at the time of application by the bank representative

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