Suggestions required for Current account for new business?

[Dharm]

My friend starting a new business in manufacturing segment.

He has recently registered his company, now he needs to open a current account for his company, as I have interest in credit card and offers, he asked me to give him suggestion about best bank for current account, as he is newbie, so he don't know basic features of current account, and as i never used a current account, so I also not aware about it.

So need suggestions from technifino community

1. Which is best bank to open current account
2. What features to be check before choosing any bank
3. His CA asked him to take care about term loan facility and New unit loan facility, and good credit limit, but can some one elaborate about these in simple language
4. Any thing else to be taken care?

 

[kraxxx]

Au small finance current account is best

 

[Dharm]

Au small finance current account is best

Can you elaborate its features?

 

[Dharm]

Can you elaborate its features?

Any suggestions from TF community?

 

[Pissant]

How much MAB will he maintain?

 

[Anupama_Jha]

Any top 5 indian banks with whichever is providing friendly RM/BM

 

[Dharm]

How much MAB will he maintain?

Do we need MAB in current account? I don't aware much about current accounts

 

[Dharm]

Any top 5 indian banks with whichever is providing friendly RM/BM

But what basic feature we should ask bank before opening account.

 

[Pissant]

Do we need MAB in current account? I don't aware much about current accounts

yes there are mab/qab requirements for premium current accounts.

 

[Dharm]

yes there are mab/qab requirements for premium current accounts.

Will ask him about minimum MAB.

 

[Anupama_Jha]

But what basic feature we should ask bank before opening account.

SBI 1L MAB is quite good. Offers 1% MDR with Lifetime free 3/5 POS machines.

And if you have good relations with BM, you can easily get cash& credit account.

No RTGS/NEFT charges
0 cash deposit charges upto ₹25L every month.

Trust 💯

Gold Current Account - Open Online Current Account in India | SBI - Business

Gold Current Account is ideal for high income group of professionals for handling bulk cash transactions. Open Gold Current Account that provides free RTGS and NEFT only with SBI

sbi.co.in

 

[Tejo]

HDFC for support
ICICI for overdraft
Indus for low mdr charges

axis for consolidated charges

 

[kraxxx]

Can you elaborate its features?

Free atm deposit
Zero balance
Free neft imps
Free cheaque book ( 90 rs for courier charges bludart)
Free visa buisness card
And many more

 

[sparkit]

My friend starting a new business in manufacturing segment.

He has recently registered his company, now he needs to open a current account for his company, as I have interest in credit card and offers, he asked me to give him suggestion about best bank for current account, as he is newbie, so he don't know basic features of current account, and as i never used a current account, so I also not aware about it.

So need suggestions from technifino community

1. Which is best bank to open current account
2. What features to be check before choosing any bank
3. His CA asked him to take care about term loan facility and New unit loan facility, and good credit limit, but can some one elaborate about these in simple language
4. Any thing else to be taken care?

I personally use both SBI and HDFC current account. For business loan, SBI will be better to get approved than HDFC. For support, HDFC will be best.

 

[VasukiVasuki is verified member.]

My friend starting a new business in manufacturing segment.

He has recently registered his company, now he needs to open a current account for his company, as I have interest in credit card and offers, he asked me to give him suggestion about best bank for current account, as he is newbie, so he don't know basic features of current account, and as i never used a current account, so I also not aware about it.

So need suggestions from technifino community

1. Which is best bank to open current account
2. What features to be check before choosing any bank
3. His CA asked him to take care about term loan facility and New unit loan facility, and good credit limit, but can some one elaborate about these in simple language
4. Any thing else to be taken care?

HDFC for support
ICICI for overdraft
Indus for low mdr charges

axis for consolidated charges

+ To this
Icici net banking is instant 5 lakh transfer to a new added payee within minutes
Hdfc is arrogant bastards everywhere & their system is old too



Sbi would be good if their bm is your friend basically u make contact with them


Icici - also have DIGITAL method for Cash deposit so it takes 2 minutes after cash deposit to get in bank even less

Go with sbi or Icici

Every current account have 10x cash deposit free upto 25 lakh or
10 the amount of mab you have maintained in last month




But if you find a guy who's there at help regardless of bank name your journey will be peaceful

 

[moneyMaker]

yo any new inputs. here?

 

[salisburry44]

+ To this
Icici net banking is instant 5 lakh transfer to a new added payee within minutes
Hdfc is arrogant bastards everywhere & their system is old too



Sbi would be good if their bm is your friend basically u make contact with them


Icici - also have DIGITAL method for Cash deposit so it takes 2 minutes after cash deposit to get in bank even less

Go with sbi or Icici

Every current account have 10x cash deposit free upto 25 lakh or
10 the amount of mab you have maintained in last month




But if you find a guy who's there at help regardless of bank name your journey will be peaceful

For hdfc cbx no need to add beneficiary, can do direct payments upto account limit. But found many 3rd party website dont have option for hdfc corporate, icici works on almost all websites.