Startup Current Account Online | Apply Now – Kotak Bank

Startup Current Account Online | Apply Now – Kotak Bank

Apply now

Startup Regular Current Account by Kotak

Apply now

What is the Kotak Bank Startup Current Account?

Kotak Bank Startup Current Account is designed for newly established and growing businesses for payment, collection, cash management, trade and digital banking solutions. With this account, startups can make bulk transfers, collect customer payments, access trade services, reconcile receivables, and connect with accounting and ERP platforms.

Key Benefits of the Kotak Startup Current Account

Non-Maintenance Charge waiver

Waiver of non-maintenance charge for the first twelve months from the date of the current account opening.

Trade and Forex Solutions

Preferential pricing on import/export services.

Payment and Collection Solutions

Enjoy safe, digital and bulk fund transfers with a maker-checker facility.

Offers Beyond Banking

Enjoy offers from our empanelled partners to simplify the nitty-gritty of your business.

startup-current-account-video-thumbnail2

startup-current-account-video-thumbnail2

Customised Current Account with a host of solutions for your Startup

start-up-regular-product-image

Startup Current Account Features

Non-Maintenance Charge waiver for the first twelve months from the date of the Current Account opening
No cash deposit charges up to 10 times the previous month’s average credit balance, maximum of ₹1 Cr. per month; Standard charges apply thereafter.
Free RTGS/NEFT payments at branches or via Net Banking. Free cheque payment and collection pan-India
Free cash withdrawal at non-home branch locations up to Rs. 50,000 per day
No Cash Deposit charges up to 10 times the previous month’s average credit balance, Maximum of Rs. 1 Cr. per month; Standard charges apply thereafter
Balance alerts / transaction and value-added alerts through SMS at a nominal charges. Email alerts are free
Free outward cheque returns (up to three instruments per month)

Who Should Consider the Kotak Startup Current Account

This account is suitable for:

Early-Stage Startups (0-3 years old)

DPIIT-recognized startups
Bootstrapped ventures
Angel/VC-funded companies

New Businesses with Growing Needs

E-commerce sellers on platforms
SaaS & tech companies
Service-based startups
D2C brands

Founders Looking For

Cost optimisation in initial years
Preferential trade & forex pricing
Integration with modern tools (Zoho, Tally, etc.)
Flexible payment solutions

How to Open Current Account?

Follow these steps to open a Kotak Startup Current Account:

Submit a lead form: click on the ‘apply now’ button
Fill in your details: Provide your name, mobile number, email, etc.
Wait for the executive call: a relationship manager will call you to verify eligibility.
Documents in-person verification: The executive will visit your business address to verify documents.
Initial deposit: Transfer the initial deposit of ₹50,000 to the account.
Account activation: Once the bank verifies the documents, your account will be activated.

Put Surplus Business Funds to Work with ActivMoney

ActivMoney (Auto Sweep) is a facility for automatically sweeping out funds above a pre-specified threshold from your current account to a fixed deposit (FD) Account for 91 days. For deposits of 7 days or above.

In case of insufficient balance in the current account, the FD will be broken prematurely, and the required amount will be transferred to the current a
Default Sweep Out and Sweep In limits for an account variant are the minimum thresholds, and one cannot opt for limits lower than these.
Auto Sweep Out of funds above a pre-specified threshold from the current account to fixed deposit will be for 91 days (for NRE accounts, it will be for 1 year) and in multiples of ₹5,000/-.
The nomination registered for the current account will apply to FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone fixed deposits cannot be linked to that account.
Terms and Conditions guiding the fixed deposit will apply to deposits booked under ActivMoney. The Bank may, at its absolute discretion, discontinue/suspend any of the services completely or partially, with or without any notice to the customer.
For ActivMoney (2-way sweep deposits), regular Kotak Fixed Deposit rates will be applicable, based on the tenure of the deposit without any pre-payment penalty.

For detailed terms & conditions, please visit www.kotak.bank.in

Solutions for your business

Point of Sale (POS) Machine

kotak.biz

Connected Banking

API Banking

.

Offers Beyond Banking for your business

business-management-marketing-product-mobile

Business Management and Marketing

Enjoy a host of digital marketing offers that cater to all your business and marketing related requirements.

Enterprise Resource Planning

Get offers that enable you to manage your day-to-day business transactions and processes with a host of accounting software.

business-travel-t

Business Travel

Streamline your business travel with curated offers. Enjoy discounts, plan your journey easily, and maximise productivity while focusing on what matters most – your business.

supply-chain-p-m

Supply Chain and Logistics

Avail offers that empower your business with easy flow of goods and services and optimum logistics management.

Human Resource

Enjoy offers on HR software that help you transform your company. Manage salary payments easily with payroll software.

Workspace Management

Make the most of our offers and work in a flexible environment suited to your taste - a lively work pad that gives you a vibrant setting to convert all your ideas into reality.

Taxation & Legal

Get offers on assistance on matters concerning legal and tax issues and grow your business the right way.

healthcare-medica-equipment-p-m

Healthcare/Medical Equipment

Avail offers that provide you with best-in-class medical equipment for all your product-based needs. Also, get round-the-clock appointment booking, onsite and remote consultations, access to a wide network of doctors and much more.

Frequently Asked Questions

What happens after the 12-month waiver period ends?

After the 12-month waiver period, you must maintain an average quarterly balance, or else non-maintenance charges will apply.

What is the Maker-Checker facility?

The Maker-Checker facility allows one authorised user to create a payment while another reviews and approves it. It adds an extra level of control to business transactions.

What trade and forex benefits are available?

The account offers preferential pricing on eligible import, export, and foreign exchange transactions.

How is the Startup Current Account different from the Startup Premium Current Account?

The regular account requires an AQB of ₹50,000 and offers free cash withdrawals of up to ₹50,000 per day. The Premium account requires an AQB of ₹1 lakh and provides higher cash transaction limits and additional services.

What is the Offers Beyond Banking program?

Offers Beyond Banking gives eligible customers access to partner offers across areas such as accounting, marketing, logistics, human resources, travel, legal services, and workspace solutions.

How do I integrate my ERP/accounting software?

Submit an integration request through the Connected Banking or ERP integration option. Kotak will confirm platform compatibility and guide you through the setup and authorisation process.

What is Kotak.biz and how does it help?

Kotak.biz is a digital payment collection app that allows you to collect payments through your mobile device.

Can I have multiple current accounts for different business units?

Yes, a business may maintain multiple Current Accounts for different units or financial requirements.

Can I upgrade to a different current account later?

Yes. You may request a move to another Kotak Current Account as your transaction volumes and banking needs grow.

Related Products

20230403_Web-banner358x201

Startup Premium Current Account

Current Account - Pro Current Account from Kotak Bank

Pro

Edge Current Account by Kotak Bank

Edge

You are never too far away from quick, efficient banking services. Locate your nearest branch or an ATM.

Call 1800 4100 (toll-free) for your Banking Needs, Complaints and Resolution.

If you don't find a solution for your queries, please email us at [email protected]

You are never too far away from quick, efficient banking services. Locate your nearest branch or an ATM.

Call 1800 4100 (toll-free) for your Banking Needs, Complaints and Resolution.

If you don't find a solution for your queries, please email us at [email protected]