Compare Current Accounts - Business

Minimum Average Balance

 MAB

INR 5,000

INR 50,000

INR 1 Lakh

INR 5 lakh

INR 10 lakh

INR 50 lakh

Free Cash Deposit Limit

                 Total (Monthly)

INR 5 lakh

INR 15 lakh

INR 25 lakh

INR 100 lakh

INR 200 lakh

INR 600 lakh

Non-Home Branch (Daily)

INR 5 lakh

INR 5 lakh

INR 5 lakh

INR 5 lakh

INR 5 lakh

INR 10 lakh

Free Withdrawal Limit

Home Branch (Monthly)

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Non-Home Branch (Daily)

INR 1 lakh

INR 1 lakh

INR 1 lakh

INR 1 lakh

INR 1 lakh

INR 5 lakh

Cheque Book

Free cheque leaves

50 per month

150 per month

300 per month

  700 per  month

1500 per  month

5000 per  month

Merchant

Acquiring Business

(POS)

POS Installation

As per card rates

Free

Free

Free

Free

Free

Monthly service charges

As per card rate

As per card rates

Free

Free

Free

Free

POS Monthly Rental charges

As per card rates

50% concession in  monthly rental charges Free (If INR 50,000 + txn per month per POS)

Free (If 2L+ txn per month per POS)

Free (If 2L+ txn per month per POS)

Free (If 2L+ txn per month per POS)

Free (If 2L+ txn per month per POS)

Number of discounted POS

_____

1

1

2

4

8

MDR

Card rate

Card rate

1.60%

1.40% 

1.20%

1.00%

CMP Offering

e-Collections

As per card rates

As per card rates

As per card rates

25% Discount on card rate

75% Discount on card rate

100% Discount on card rate

Bulk Payments

Liquidity Management

As per card rates

As per card rates

NEFT/RTGS

Through Branch

As per card rates

As per card rates

Unlimited free

Unlimited free

Unlimited free

Unlimited free

Demand Drafts

Home Branch only

As per card rates

20 Drafts free per month

50 Drafts free per month

Unlimited Free

Unlimited Free

Unlimited Free

Non-Maintenance of MAB Charges

Rs.500 + GST per month

Rs.1000/- per month + GST

Rs. 2000 +GST per month

"Rs. 4000+GST per month: if MAB <Rs. 2,50,000                 Rs. 2000+GST per month: if MAB >Rs. 2,50,000"

"Rs. 8000+GST per month: if MAB <Rs. 5,00,000              Rs. 4000+GST per month: if MAB >Rs. 5,00,000 "

If MAB < 50% Rs.25000/- per month + GST                         MAB> 50% then Rs.15000/- per month + GST.