Overview

If you are a professional or have a business, opening a current account can be a good move to meet your funding requirements. You can make large deposits in a current account and withdraw funds as and when required. You can also issue cheques against these balances, and there is no limit on the number of transactions you carry during the day. But you might ask, “How to open a current account online?” Here’s how:

Current Account Documentation

You can open a current account for various entities, and the documents required for opening an online current account will differ in each case. Here’s the list:"

Individual Sole Proprietorship Account
PAN Card PAN Card
Active GST Certificate  (More than three months Old) Aadhar Card (Should be linked with mobile number and PAN Card)
Aadhar Card (Should be linked with mobile number and PAN Card) Active GST Certificate  (More than three months old)       
 

Any one of the following:

  • Udyam Registration Certificate
  • Shop & Establishment Certificate
  • FSSAI Certificate
  • ICAI Certificate
  • ICSI Certificate
  • ICWAI
  • Import Export Code
  • MCI Certificate
  • Tax Identification Number

FAQs

  • What is a Current Account?

    A current account is an account that lets businesses run their daily operations seamlessly. Current accounts offer frequent and immediate access to funds without any restrictions.

  • ​​​What Fees are Associated with a Current Account?

    IndusInd Bank does not charge anything for​​​​ opening a Current Account..

  • What Documents Do I Need to Open a Current Account?

    Different kinds of entities can open a current account, and each type of entity needs a certain set of documents for the application in addition to the official valid documents (OVD). 

  • What Services are Included with a Current Account?

    A current account is mainly used for business purposes and daily transactions such as making purchases, paying bills, and receiving payments. When you open a current account, you typically get a chequebook and net banking facility. In addition to cheques, a current account allows you to receive and make payments using other payment ​​​​mechanisms also, such as cards and electronic transfers.