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Make your business a blockbuster with our StartUp Account
  1. Business Accounts and Cash Management
  2. Accounts
  3. Business SC StartUp Account

Make your business a blockbuster with our StartUp Account

A Current Account designed to make your business grow

SC StartUp Account Benefits
  • Experience
    connected banking

    through API integration with fintech service providers

  • Bank seamlessly across
    digital

    channels with access to our suite of Business Banking products

  • Enjoy robust
    payments & collections

    solutions across domestic and international borders

Business SC StartUp Account Features

Secure online transactions

Fully-integrated digital platform with 3 levels of login access, complete data security, and integrity of information.

AMB waiver

Flexibility of a waiver on Average Monthly Balance (AMB) criteria for 1 year

SME Cash Management

Collection & clearing of local/outstation cheques, e-alert facility & timely reports of cheque collections & returns.

Secured transactions with Straight2Bank (S2B)

360° digital platform to conduct all your business transactions.
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Entities eligible for an SC StartUp 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 an SC StartUp Account, you will require

  • Account Opening Form
  • Most Important Documents
  • Individual and Entity KYC Documents
  • Documents depending on the facilities sought (eg. trade, Online Banking, Doorstep Banking)

You will be advised of any other documents that may be required, at the time of application, by the Bank’s representative

The SC StartUp Account is just what you need to give your StartUp its big break. It is a Current Account that has been designed keeping in mind the growing needs of a StartUp and its ambitions. It offers enhanced transactional convenience with our Straight2Bank (S2B) platform, cheque pick-up facility, and debit card offerings.

Single product variant with dynamic pricing.
– AMB charge waiver for a year; post which there is a requirement to maintain INR 2 lacs Average Monthly Balance
– 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 logistical 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 customer’s account.
– Online tax payment facility.

The SC StartUp Account is simple and innovative without the rigidity of the variant system.

Waiver on Average Monthly Balance (AMB) for 1 year, followed by which the requirement charges to a minimum INR 2 Lakhs AMB to be maintained. A fee for non-maintenance of balance is charged only if the AMB is below the mentioned threshold.

The SC StartUp Account gives you access to the Bank’s partners in the fintech space for ease of transaction initiation through available API stacks.

  • 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