<aside> <img src="/icons/forward_red.svg" alt="/icons/forward_red.svg" width="40px" /> ICICI Bank and HDFC Bank provide the best current account options for Retail Businesses.

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1. ICICI Bank Current Account

ICICI Bank stands out as a leading provider of interactive technology for banking products. Whether you require internet banking, online account opening, or mobile banking, ICICI Bank offers user-friendly tech features that are easy to navigate. The bank’s technological prowess is a key selling point, as its banking platforms are technologically advanced. This is one of the best current bank accounts for small businesses.

ICICI offers three different types of current accounts:

• Premium current accounts cater to domestic businesses and provide exclusive benefits such as free cash deposits of up to Rs. 2.5 lakhs per month (up to 75 crores) and increased limits on daily transactions. It requires a quarterly average balance of Rs. 25,000 to Rs. 10 lakhs. Charges start from Rs. 1,000 to Rs. 8,000.
• Special current accounts are designed for startups, chartered accountants (CAs), and customers registered on eNAM and GeM platforms, as well as for escrow purposes. It requires a quarterly average balance of Rs. 0 to Rs. 5 lakhs. Charges start from Rs. 0 to Rs. 8,000.
• One Globe Trade's current accounts are specifically tailored for import and export businesses. These accounts offer a combination of roaming current account services and global trade facilities. It requires a quarterly average balance of Rs. 50,000 to Rs. 5 lakhs. Charges start from Rs. 1,500 to Rs. 5,000.

Features and Benefits:

• When it comes to catering to businesses, ICICI Bank offers the iBizz mobile application, enabling convenient banking services. This includes features such as CMS payments and online approvals for LC (Letter of Credit), BG (Bank Guarantee), remittances, and bill payments.
• ICICI Bank provides the option of cardless cash withdrawal at ATMs. This feature is particularly useful for making payments to beneficiaries who do not have a bank account.
• ICICI Bank excels in delivering cutting-edge interactive technology for a wide range of banking products and services.
• It offers the benefit of zero balance for the first six months, and afterwards, INR 25000 is required as a minimum balance.
• Dedicated Forex Service and advisory personnel provide personalized service.
• Free cash deposit up to 12 times along with free RTGS, NEFT, chequebook, and mobile and internet banking services.
• The bank offers startup-specific accounts to help with registration and networking.
• Eazypay provides merchant services such as POS, collecting money through the web and app, and UPI QR.

Account Options

• Smart Business Account 2.0 Ivy
• Smart Business Account 2.0 Platinum