What is Startup premium Current Account?

The Startup Premium Current Account is a specialised business banking solution for Startups.This Startup Current Account is designed to offer premium services that are required for efficient business operations.

What are the features of a Startup premium Current Account business?

The Startup Premium Current Account is a comprehensive banking solution designed for Startups.It offers all the essential features of a Current Account along with additional benefits tailored for the unique needs of Startups. The Startup Current Account includes a Non-Maintenance Charge waiver for the first 12 months, preferential pricing on Trade and Forex services, digital bulk fund transfer options, and more.

What are the advantages of Startup premium account?

One of the standout advantages of the Startup Premium Account is the Non-Maintenance Charge waiver for the first 12 months from the date of the Startup Current Account opening.This feature and other specially crafted benefits empower startups to grow and scale heights.

Is current account interest free?

While the Startup Premium Current Account does not pay Current Account interest, the ActivMoney feature allows you to earn up to 7%* p.a. on your idle funds, adding value to your banking experience.*For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. AutoSweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for 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 be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.

Features

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Startup Premium Current Account by Kotak

Bundled product offerings to boost the growth of your Startup

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

Customised Current Account with a host of solutions for your Startup

Startup Current Account Features

Non-Maintenance Charge waiver for the first twelve months from the date of the Current Account opening
Free RTGS/NEFT payments at branches or via Net Banking
Free cash withdrawal at non-home branch locations up to Rs. 1,00,000 per day
Free cash deposits at home branches, up to 5 times of previous month's average credit balance or Rs. 10,00,000, whichever is higher
Business Debit Card with no issuance charges
Free cheque payment and collection pan-India
Free outward cheque returns (up to five instruments per month)

More power to your business

Offers Beyond Banking across different categories to support the nitty-gritty of your business . Explore more
Salary Account - Corporate Salary Account for Startup employees. Minimum five employees with an average salary of Rs. 25,000
Simple and secure fund transfer through bulk uploads with a Maker-Checker facility
Collection solution for convenient reconciliation of receivables through RTGS / NEFT/ IMPS
Preferential pricing for trade transactions with a minimum benefit of Rs. 1,10,000* per annum
A range of collateral-free, customised Business Loan Solutions to help you grow your business
Accept digital payments safely and securely with the Kotak Point of Sale (POS) machine
kotak.biz, an easy-to-use payment collection app, helps you turn your phone into a cash counter and avail multiple digital collection options

*Based on usage of all trade services (1 trade transaction per month)

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.

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/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.

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