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<aside> <img src="/icons/forward_red.svg" alt="/icons/forward_red.svg" width="40px" /> Axis Bank has been ranked as the number one choice for current account services in India, surpassing HDFC Bank and SBI. Axis Bank stands out due to its superior customer service, cashback opportunities, and a wide range of services offered.

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https://www.forbes.com/advisor/in/banking/best-bank-for-current-account/

Best Current Accounts in 2023

Axis Bank: Cashback, entertainment, and grab deal benefits.

IndusInd Bank: Free fund transfer benefit via NEFT, RTGS, and IMPS.

HDFC Bank: Pre-approved loans on current account deposits.

Kotak Mahindra Bank: Convert current account balance to term deposits.

SBI: Surplus funds in the current account are transferred to the term deposit account.

ICICI Bank: Concession on ROI and processing fees on loan benefits.

Karur Vysya Bank: Avail easy personal loan.

Yes Bank: Nil annual charges for first year on current account debit cards.

Bank of Baroda: 100% waiver in processing charges on car loans.

Axis Bank

5.0

Key Perks

Cashback, entertainment and grab deal benefits.

Customer Service Score

90%

Why We Picked It

Axis Bank has taken the top spot for the best current account for its wide range of variation and offering to suit business needs. The bank provides 14 varieties of current accounts to suit the banking needs of firms as per their business size, scale, type, national and international operations.

All current accounts come with access to digital services, including online fund transfer via NEFT and RTGS, internet and mobile banking round the clock.

Axis Bank also offers an overdraft facility to its current account holders so that businesses can address their immediate financial needs. Moreover, the bank does not charge a single fee on cash withdrawal irrespective of the number of transactions made within or outside the city.

The bank offers 15% cashback on Amazon and Flipkart with digital current account as well as 5% cashback via Grab Deals capped at INR 1,000 per month for every spend. The bank’s Club 50, Channel One, and Privilege current accounts do not charge a monthly service fee.

Among a wide range of current accounts offered by Axis Bank, its New Economy Group Current Account is popular for its nil monthly balance requirement and other features and benefits.

Fund Transfer Charges (per transaction)