It is compulsory to open a current account for startups in India?
Posted on Friday, March 31st, 2023 |

Starting a new business is an exciting time for entrepreneurs, but it also comes with many important decisions that need to be made. One of those decisions is whether to open a current account for the startup. In India, there is no legal requirement for startups to open a current account, but there are many…
Read moreCan current account holders use UPI?
Posted on Thursday, March 23rd, 2023 |

Unified Payments Interface, popularly known as UPI, is a revolutionary payment system that has transformed the way people in India transfer money. It allows for seamless and instant transfers between bank accounts using a mobile application. UPI has made banking simpler, faster, and more secure. However, many people are still unsure about whether current account…
Read moreWill a current account be closed if it has zero balance?
Posted on Wednesday, March 22nd, 2023 |

The business sector in India has undergone a remarkable transformation over the past few decades and is now recognized as one of the most dynamic and diverse in the world. With a large and growing consumer base, a vibrant entrepreneurial ecosystem, and a favorable policy environment, India has become a hub for several industries, including…
Read more5 reasons why small businesses must have a current account
Posted on Friday, March 17th, 2023 |

India’s ever-growing business landscape has created a highly competitive environment for small businesses. With a large number of startups and small businesses vying for market share, it has become increasingly challenging for small businesses to differentiate themselves and succeed. Hence, managing finances effectively has become extremely critical for small businesses to survive this cut-throat competition…
Read moreCan I open a current account for a home-run business?
Posted on Tuesday, March 14th, 2023 |

Starting a home-run business can be an exciting venture, but it also requires careful consideration of various aspects, including the financial aspect. One of the most important financial decisions you will need to make as a home-run business owner is deciding whether to open a current account. A current account is a type of bank…
Read more