- Date : 30/09/2023
- Read: 4 mins
In 2023, businesses seek top online bank accounts like State Bank of India, Axis Bank, ICICI Bank, HDFC Bank, and others for seamless financial management.
In the online business world, businesses looking to stay ahead of the curve must be able to manage their finances seamlessly. This makes choosing the right business account crucial. In this blog, we will explore the best online business accounts in 2023. Let's dive in!
Also Watch: Best zero balance bank accounts
Highlights:
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Online businesses look for bank features such as convenience, ease of use, and innovativeness.
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A multi-faceted bank account is necessary for managing finances seamlessly.
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Choosing banking and trade services is crucial to financial planning.
Eight Best Business Accounts in 2023
1. State Bank of India
Features:
a. Easy online banking and mobile banking
b. Access to various financial services, such as NEFT, RTGS, UPI, etc.
c. Competitive interest rates
Fees:
Account management fees for chequebook issues and financial transfers.
2. Axis Bank Business Classic Account
Features:
a. Suitable for SMEs and MSMEs
b. Access to working capital loans and trade finance
c. Dedicated relationship manager
Fees:
Maintenance charges after one year, with transaction and other service charges.
3. ICICI Bank Business Advantage Account
Features:
a. Advanced online and mobile banking services
b. Customised banking solutions
c. Access to business loans
d. Tiered interest rates
Fees:
Charges for NEFT/RTGS, chequebook issuance, and account maintenance.
4. HDFC Bank Business Growth Account
Features:
a. Zero balance account opening
b. Customised trade and forex services
c. Access to credit and loans
Fees:
Account maintenance charge after six months and transaction-based charges.
Also Read: Features and benefits of different types of bank accounts in India
5. Kotak Mahindra Neo Current Account
Features:
a.Personalised banking
b. Low minimum balance requirements
c. High daily purchase limits
d. Attractive returns on idle funds with ActivMoney
e. Free NEFT, RTGS, net, mobile, and phone banking,
Fees:
Rs 1,200 non-maintenance charges if the average quarterly balance (AQB) is less than 50%.
6. IDFC First Current Account
Features:
a. Best-in-class net banking and mobile banking
b. POS, QR, and payment gateway facility
c. Free cash deposit limit Rs 12 lakhs per month
d. Free Visa Signature Card
e. 1 lakh AMB requirement
Fees:
No monthly charges up to 12 lakhs per month.
7. Punjab National Bank Current Account
Features:
a. Wide branch network
b. Robust online banking and specialised services
c. Competitive interest rates
d. Multiple account formats
Fees:
Maintenance and transaction-based charges.
Also Read: Digital saving bank account vs. regular saving bank account
8. Bank of Baroda MSME Advantage Account
Features:
a. Suitable for small, micro, and medium businesses
b. Multiple account types
c. Bulk fund transfers, credit facility, and tax payments
d. Dedicated relationship manager
Fees:
Account maintenance and other service charges.
