Axis Bank offers diverse Current Accounts for businesses of all sizes. Choose from unlimited transactions, high withdrawals, inter-city transfers, and more. Find the perfect fit for your needs.

Axis Bank actively provides a diverse array of current account products, addressing its customers’ business needs. The Axis Bank Current Account enables users to engage in ‘Anywhere Banking,’ facilitating instant and convenient processing of bulk transactions. Users can also enjoy digital services, including SMS alerts and complimentary NEFT/RTGS transactions. It is important to highlight that the minimum balance requirement for Axis Bank Current Account may differ among various account variants.

Axis Bank offers a variety of current accounts to suit the needs of businesses of all sizes. Here’s a brief overview of some of the most popular ones:

1. Normal Current Account: This is a basic current account that is suitable for small businesses. It has no minimum balance requirement and comes with free online and mobile banking.
2. Advantage Current Account: This account is designed for larger businesses with higher transaction volumes. It offers a number of benefits, such as free unlimited cheque deposits and withdrawals, as well as discounts on various banking services.
3. Select Current Account: This account is ideal for businesses that need access to a wide range of banking services, such as trade finance and forex. It comes with a higher minimum balance requirement but offers a number of premium features, such as priority banking and personalized relationship management.
4. Classic Current Account: This account is designed for large businesses with very high transaction volumes. It offers a number of customized features and benefits, such as dedicated account managers and 24/7 customer support.
5. Privilege Current Account: This account is for the biggest businesses in India. It comes with a host of exclusive benefits, such as preferential interest rates on loans and deposits, as well as access to exclusive banking products and services.

The best current account for your business will depend on your specific needs and transaction volumes. If you’re not sure which account is right for you, you can contact Axis Bank for help.

Benefits Offered

The benefits of opening an Axis Bank Current Account can be summarized as follows:

Convenience

1. Wide network of branches and ATMs: Axis Bank has a large network of branches and ATMs across India, so you can easily access your money anytime, anywhere.
2. Digital banking: Axis Bank offers a variety of digital banking options, such as internet banking and mobile banking, so you can manage your account on the go.
3. Multilingual support: Axis Bank provides customer service in multiple languages, so you can get help in the language you are most comfortable with.

Financial benefits

1. Interest on your deposits: Some Axis Bank current accounts earn interest on your deposits, so you can grow your money while you spend it.
2. Overdraft facilities: Some Axis Bank current accounts offer overdraft facilities, so you can borrow money from the bank if you need it.
3. Rewards programs: Some Axis Bank current accounts offer rewards programs, so you can earn points or cashback on your spending.

Other benefits

1. Safety and security: Axis Bank uses the latest security technology to protect your money and your personal information.
2. Dedicated relationship manager: Some Axis Bank current accounts come with a dedicated relationship manager who can help you with your banking needs.
3. Wide range of value-added services: Axis Bank offers a wide range of value-added services, such as insurance, mutual funds, and foreign exchange.

Types of Axis Bank Current Account

Normal Current Account

1. Ideal for small businesses with low transaction volumes.
2. No minimum monthly balance required.
3. No fees for cash deposits or withdrawals.

Local Current Account

1. Similar to Normal Current Account but meant for specific regions.
2. May have slightly different eligibility criteria and fees.

Business Advantage Account

1. Designed for businesses with higher transaction volumes.
2. Offers benefits like free cheque books, lower transaction fees, and extended banking hours.

Business Select Account

1. Ideal for businesses that need to manage cash flow effectively.
2. Offers features like overdraft protection, sweep accounts, and zero balance banking.

Business Classic Account

1. Made for large businesses with complex banking needs.
2. Provides a wide range of features and services, including trade finance, foreign exchange, and cash management.

Sweeps Current Account

1. Automatically transfers excess funds to a high-yield savings account.
2. Helps maximize your returns while keeping easy access to funds.

Normal Current Account

1. Eligibility: Individuals, proprietorship firms, and small businesses.
2. Documents:

• PAN card
• Aadhaar card
• Proof of address (e.g., passport, utility bill, voter ID)

Local Current Account

1. Eligibility: Similar to Normal Current Account, but with a focus on local businesses.
2. Documents: Same as Normal Current Account, plus proof of residence in the local area.

Business Advantage Account

1. Eligibility: Businesses with higher transaction volumes.
2. Documents:
   • PAN card
   • Aadhaar card
   • Proof of address
   • Business registration certificate (e.g., MSME registration, Shop & Establishment Certificate)
   • Financial statements (for the past 1-2 years)

Business Select Account

1. Eligibility: Businesses with a need for cash flow management tools.
2. Documents: Same as Business Advantage Account.

Business Classic Account

1. Eligibility: Large businesses with complex banking needs.
2. Documents:

• PAN card
• Aadhaar card
• Proof of address
• Business registration certificate
• Audited financial statements (for the past 3 years)
• Minimum annual turnover (varies depending on the account variant)

Sweeps Current Account

1. Eligibility: Existing Axis Bank savings account holders.
2. Documents: No additional documents required.

How to Open an Axis Bank Current Account

You can open an Axis Bank Current Account through various channels:

Online

1. Visit the Axis Bank website.
2. Select the “Business Banking” tab.
3. Choose “Current Account” and select the desired account type.
4. Fill out the online application form and upload the required documents.
   

Offline

1. Visit your nearest Axis Bank branch.
2. Collect an application form for the desired account type.
3. Fill out the form and submit it along with the required documents.
4. A bank representative will assist you with the process. 

Mobile App

1. Download the Axis Mobile app.
2. Log in to your account.
3. Navigate to the “Apply” section and select “Current Account”.
4. Follow the on-screen instructions to complete the application process.

Business Advantage Account: Axis Bank’s Business Advantage Account caters to diverse business needs, demanding an average balance of Rs. 25,000. It offers privileges like unlimited intercity transactions, options for low monthly balance, and multi-channel banking.

Required Documents: Standard documentation based on business type, including proof of identity and address.

Business Select Account: The Business Select Account provides surplus withdrawal capacity and free deposits. It requires a monthly average balance of Rs. 50,000, with penalties for non-maintenance.

Required Documents: Standard documentation based on business type, including proof of identity and address.

Business Classic Account: Similar to the Select Account, the Business Classic Account requires an average balance of Rs. 1,00,000, with penalties for non-maintenance and closure charges.

Required Documents: Standard documentation based on business type, including proof of identity and address.

Sweeps Current Account: The Sweeps Current Account links multiple accounts, demanding an average balance of Rs. 25 lakhs. Specific documentation requirements are not listed; contact the bank for details.

Note: Applicants are advised to refer to the bank for the most accurate and up-to-date information.

Just for recap reference

Types of Axis Bank Current Accounts Value-Based Current Accounts

FAQs on Axis Bank Current Account

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