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Bank seamlessly with the Smart Business Account
Bank seamlessly with the Smart Business Account
  1. Business Accounts and Cash Management
  2. Accounts
  3. Smart Business Account

Bank seamlessly with the Smart Business Account

A Current Account that is more like your business partner

Smart Business Account Benefits
  • from minimum balance when you route INR15 lakhs credit transactions every month

  • transaction fees with higher credit throughput

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

Smart Business Account Features

Freedom from Minimum Balance

No need to track your balance in this current account; just route INR 15 Lakhs of business credit collections every month.

Attractive Pricing

Progressively lower charges for various transaction fees, as more business credits are routed through this account.

SME Cash Management

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

Secured Transactions with Straight2Bank (S2B)

A fully integrated digital platform for all your transaction needs.
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Smart Business Account is an innovative new current account in which there is no need to maintain an average balance. It provides convenience and flexibility by freeing up precious funds in your current account that you can instead use for your growing your business.
You have the flexibility to use the account for a minimum collection of INR 15 lakhs of business credits every month. A monthly fee is charged only if the business credits in a month fall below this threshold.

  • Freedom from minimum balances
  • Provides progressively lower charges for various transaction fees, as you route more of your business credits through this account
  • Three tiers of pricing based on the amount of business credits every month
  • Consolidated monthly billing advice
  • Comprehensive range of cash management solutions for SMEs
  • Doorstep banking facility with cheque pick-up
  • Convenience of e-alert services for all NEFT, RTGS and remittance transactions
  • Online tax payment (Excise, Service, VAT and Direct Taxes) facility
  • Business clients Visa Infinite international debit card is especially suited to your business needs with customised limits and available even for joint operating mandate

The rigidity of variants does not apply to this account. Our account provides progressively lower charges for various transaction fees, as you route more of your business credits through this account. There are three tiers of pricing based on the amount of business credits every month.

  • Upto INR 15 lakhs
  • INR 15 Lakhs to 50 Lakhs
  • Above INR 50 Lakhs

Based on the total business credits in a month, the pricing tier would be arrived at, at the beginning of the next month. Transactional charges as applicable would be levied thereon.
For your ease of book-keeping, your transaction charges are conveniently consolidated and reflected in the billing advice, which will be sent to you via email every month.

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

You can reach out to any of our branches nearest to you. You would need to submit the following documents at the time of opening your account:

  • Account opening form
  • Most important documents (MIDs)
  • 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

Entities eligible for a Smart Business 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 Smart Business 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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