Details

Cash management services

Reduce delays associated with realising outstation cheques, and free yourself from constant tracking and follow-up of transfer of funds from outstation collection accounts with our Cash Management Services. We offer a comprehensive range of collection solutions to meet your requirements, including collection & clearing of local/outstation cheques, post-dated cheque management, e-alert facility for returned cheques, detailed report on all cheque collections and returns.

Online tax payment facility

Pay your Excise, Service, VAT and Direct taxes online by completing a simple application form. With this facility, your account is automatically debited and funds are remitted to the tax authorities. You will receive an acknowledgement immediately after the amount has been debited from your account.

E-alert facility for ITT/OTT and RTGS transactions

You can now view inward/outward TT and RTGS advice delivered to your inbox automatically. Complete transaction details are captured in the advice, relieving you of the hassle of tracking and monitoring transactions.

Additional Features
  • Free Business debit card offering from MasterCard
  • Free RTGS transactions through S2B
  • Free Online salary upload through S2B
  • Free National Electronic Funds Transfer through S2B
  • Free anywhere banking facility from 100 branches
  • Free cheque pick-up once a day*
  • Free Demand draft at more than 14,000 locations
    (Standard Chartered bank and correspondent banks)
  • Free Anywhere banking facility

FAQs

    • What is a Business Essential Account?
      Our Business Essential Account is a Current Account that helps you to focus on what you do best – managing your business. It is an account offering enhanced transactional convenience like Straight2Bank, cheque pick-up and debit card offering
    • What are the key features of a Business Essential Account?
      • Single Product Variant, Dynamic Pricing
      • Straight2Bank (Corporate Internet Banking Platform): a web-based platform (via internet) for conducting payments, trade and FX transactions online
      • Cash Management Services: A receivable management solution aimed at providing speedy realisation 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
    • How does the Business Essential Account work?
      • Our BEA is simple & 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 Rs 1Lakh every month.
      • A fee for non maintenance of balance is charged only if the average monthly balance is below the above mentioned threshold
    • What is dynamic pricing? 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:
      • Upto Rs 1 Lakh
      • Rs 1 Lakh to Rs 5 Lakh
      • Above Rs 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.
    • Which entities are eligible for a Business Essential Account offering?
      • Sole proprietors / proprietorship firms
      • Partnership firms
      • Public Limited and PVT. Ltd. companies (including closely-held limited companies)
    • How can I open a Business Essential Account?
      You need to submit the following documents at the time of opening your account:
      • Account opening form
      • Most Important Document
      • 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

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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